30: T-BILLS: Nina Horn buys $50,000 T-bill at a 5.8% discount rate for 26 weeks. ind (a) the purchase price of the T-bill, (b) the maturity value, (c) the interest earned, and (d) he effective rate of interest.

Q: A $31,000 new car loan is taken out with the terms 3​% APR for 48 months. How much are monthly…

A: Loan amount (PV)=$31,000 Rate per period (i)=0.0312=0.0025 Duration (n)=48 periods Monthly amount…

Q: A PRICE TAG OF P2,600.00 IS PAYABLE IN 60 DAYS BUT IF PAID WITHIN 30 DAYS IT WILL HAVE A 4%…

A: The question is based on the concept of Financial Management. Rate of Interest = Discount *…

Q: An automobile loan of $15,000 at 12% APR compounded monthly for 36 months requires equal monthly…

A: Repayment of loan is made in installments of fixed amount which include interest as well as portion…

Q: 8. Alicia's Clothing Goods just borrowed $2,350,000 to build a new shop. The mortgage calls for…

A: Amortization schedule refers to the format showing the details of payment made at every period…

Q: Mr X borrowed P100k at 5% per month payable in 60 equal end the month payments. a). How much of the…

A: Loan Amount           P 1,00,000.00 Time Period (Months) 60 Interest rate (Months) 5%

Q: You are offered a line of credit that requires a minimum 3% repayment of principle each month at an…

A: Loan Installment is that under which borrwer will paid the fixed amount each month to lendor against…

Q: A $10,000 credit supply has the following terms: trade terms are 5/5 net 50, interest rate 8%. What…

A: If the amount is paid within 5 days of invoice then the 5% discount will be allowed on net amount…

Q: A company has a collection period of 37 days and factors all receivables immediately at a discount…

A: The company sells credit to their customer. The average number of days it takes a company to get…

Q: 3. The price of a certain item is P1,000, payable in O days but if paid in 30 days there will be a…

A: Formula: Simple Interest = Principle X Rate X Time/365 days

Q: Issue No. xxxx of T-Bills is available for sale at a discount of 6.22%. The face value of the bills…

A: Here, Discount Rate is 6.22% Face Value of T-Bill is 75,000,000 Maturity Period is 90 days Note: As…

Q: Find the simple interest on $31,200 at 5.25% for 107 days. Assume 360 days in a year and 30 days in…

A: Simple interest is a method of calculating interest where the principal remains the same for each…

Q: A home appliance store finances purchases by charging an effective rate of 10% a.m. For a financed…

A: Installments refer to payments made in regular intervals over a period of time, usually to pay off a…

Q: A 6-month $13,500 treasury bill with a simple annual discount rate of 0.43% was sold in 2016. Assume…

A: Treasury bill refers to the debt instrument issued by the government or financial institutions…

Q: If a 6-month T-Bill with a face value of $100 is purchased at a 8% annual discount, the buyer will…

A: Given information in question 6 month T bill Value at maturity = $100 Discount rate annual = 8%…

Q: A PRICE TAG OF P2,600.00 IS PAYABLE IN 60 DAYS BUT IF PAID WITHIN 30 DAYS IT WILL HAVE A 4%…

A: Rate of Interest = DiscountPrincipal - Discountx100

Q: A payday lender offers 7 day loans at 7.6% discount interest per week. For example, if you borrow…

A: Effective annual rate refers to the percentage of return after the effect of compounding for the…

Q: A $40,000 new car loan is taken out with the terms 12% APR for 48 months. How much are monthly…

A: New car loan = $40,000 APR = 12% Time period = 48 Months

Q: An installment contract for the purchase of a car requires payments of $215.12 at the end of each…

A: The amount financed is the present value of the monthly payments. The interest is the total interest…

Q: A student has a total of $3,000.00 in student loans that will be paid with a 48-month installment…

A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…

Q: A 3 year straight note was executed by a buyer. The interest paid over the term was $3,431.70. The…

A: Given: Years = 3 Interest paid over term = $3,431.70 Interest rate = 9.3%

Q: Jack borrows $7,000.00 at an interest rate of 15% compounded monthly to be paid off monthly payment…

A: Answer Correct option $6,467.70

Q: A 3 year straight note was executed by a buyer. The interest paid over the term was $3,431.70. The…

A: Straight Note is a note under which  interest is only paid every year and principal amount of the…

Q: commodity is sold in installments in 6 monthly payments of R$ 1200. Of which 3% p.m. the interest…

A: Commodity is purchased by monthly payments and these monthly payments carry the payment for interest…

Q: An installment contract for the purchase of a car requires payments of ​$217.43 at the end of each…

A: The loan can be repaid by making periodic payments which can be monthly or annual etc. These…

Q: onsider a loan at 4.125% APR on 6 years for a $23,000 car a. Estimate the monthly payment (using…

A: Equated Monthly Installments are one part of the equally divided monthly outgoes to clear off an…

Q: A $33,000 new car loan is taken out with the terms 3% APR for 48 months. How much are monthly…

A: Car loan = 33000 APR = 3% APR per month = 3%/12= 0.25% Total Months= 48 PMT find out: Option C)…

Q: A 91-day Treasury Bill with a face value of $150,000 is sold to yield 3.01 % p.a. What is the…

A: A T-Bill is a money market instrument issued by the Treasury. The maturity date of such bills is…

Q: You buy a K10 000 face value Treasury Bill in one month for K9 900. Calculate your holding period…

A: Holding period rate of return(HPR) on treasury bill is calculated using following equation HPR =…

Q: You purchase a washing machine and dryer for P750. You pay 20% down and agree to repay the balance…

A: The time value of money concept is applied in the case of the calculation of interest. Compounding…

Q: What end of month payments are required over 4 years to pay off a $27,000 loan borrowed at 9.75%…

A: A loan is an agreement between two parties where an amount is forwarded with the promise to pay it…

Q: Assume you take out a $3000 loan, compounded monthly, for 2 and a half years at 8.5% APR. What is…

A: Interest The cost of borrowing an amount is called interest. Interest is paid on a regular basis at…

Q: A retail store is offering a diamond ring for sale for 36 months at $150 per month. The retail price…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: am. 113.

A: The objective of the question is to calculate the total amount due at the closing of a home…

Q: 12.1 pg. 219-220 Find the monthly payment for each loan below. Remember to assume monthly…

A: Laon amortization schedule means where repayment during the life of loan is written with interest.…

Q: Suppose you borrow $14,000. The interest rate is 11%, and it requires 4 equal end-of-year payments.…

A: Annual  Payment  = P * r * [(1+ r)n/({1 + r}n -1)]Where, P = Principal borrowed =  $14,000r =…

Q: A dealer quotes a customer 7.35% to borrow for one

A: Solution:   Here we have to use effective rate of interest formula. First we will use current 7.35%…

Q: 5. A 90-day note promises to pay 6,500 plus simple interest of 6 3/4%. It is disc 5% simple discount…

A: In this we have to determine simple interest and than calculate maturity value.

Q: For the following loan, make a table showing the amount of each monthly payment that goes toward…

A: Loans are paid by the equal monthly installments and these monthly installments carry the payment…

Q: Consider a home mortgage of $125,000 at a fixed APR of 4.5% for 25 years. a. Calculate the monthly…

A: Monthly Mortgage Payment The monthly mortgage payment is the repayment of a mortgage loan by paying…

Q: A $43,000 new car loan is taken out with the terms 9% APR for 48 months. How much are monthly…

A: A loan is an agreement where an amount is forwarded with the promise to pay it back along with some…