Compute the monthly payment on a car loan of $23,000 for 35 months, if the APR is 8.4%. Formula Excel Functon I need the formula as well as the excel function.
Q: The balance sheet for Quinn Corporation is shown here in market value terms. There are 10,000 shares…
A: When the company receives profits and distributes them among the shareholders. That share of profit…
Q: E.v.a.l.u.a.t.e. .t.h.e. .d.i.f.f.e.r.e.n.t. .t.y.p.e.s. .o.f. .c.r.e.d.i.t. .c.a.r.d.s. .i.n.…
A: In the Philippines, there are several types of credit cards available, each offering different…
Q: Flour Millers Ltd (FML) needs to acquire 35,000 bushels (approximately 100,000 kg) of wheat every…
A: call option.Call option provides the holder of option , the right and not the obligation , to buy…
Q: A firm is considering renewing its equipment to meet increased demand for its product. The cost of…
A: Depreciation is the reduction in the value of asset due tonormal wear and tearEffluxion of…
Q: U QUESTION 7 OF 16 7 Your option position is currently made up of the following options: Long 100…
A: The delta-neutral strategy refers to the strategy where various assets in a portfolio are given…
Q: When establishing the pricing of a variable (floating) rate loan to a particular client, which…
A: Floating Rate of Interest refers to variable rate or interest rate which changes periodically.…
Q: Suppose you think AppX stock is going to appreciate substantially in value in the next year. Say the…
A: An option refers to a derivative instrument that provides its holder the choice of purchasing or…
Q: The Redwood Company is financed entirely with equity. The company is considering a loan of $20…
A: To calculate the increase in firm value attributed to the interest tax shield of the loan, we can…
Q: What is the present value of $ 42,000 to be received 6 years from today, assuming an annual discount…
A: Future value = $42,000Period = 6 yearsInterest rate = 9%
Q: a) Suppose they will use a spreadsheet to compute their monthly deposit. Choose the corre function…
A: First I'm going to show you the formula to determine the monthly deposit manually and then show you…
Q: 5. Jeff's Stereo Sound is expanding its product offerings to reach a wider range of customers. The…
A: The net working capital is the net short term capital required for the project. It is the difference…
Q: Give typing answer with explanation and conclusion Bond A pays semi-annual coupons, pays its next…
A: A bond is a kind of debt security issued by the government and private companies for raising funds…
Q: Ramirez Company's current dividend is $2.00. Its dividend growth rate is expected to be at 40% for 2…
A: In calculation of stock price when there is variable growth rate will first calculating the expected…
Q: Sean's investment of $81,400.00 in a fund matured to $155,777.80 in 8 years. If the interest in the…
A: The periodic interest rate refers to the return that the investment provides for each period. The…
Q: lease explain any and all formulas/calculations using Excel. Mr. Cyrus Clops, the president of…
A: Incremental IRR is calculated using the incremental cash flows. It provides more clear picture about…
Q: miba PLC is looking for financial investments in the securities market. Two investment options are…
A: Value of bond is the sum of present value of coupon payments and present value of par value of bond…
Q: Cushing Corporation is considering the purchase of a new grading machine to replace the existing…
A: We will first compute the after-tax cash inflow from the sale of the old asset. Then we will deduct…
Q: A company had total revenues of $71 million, operating margin of 39.3%, and depreciation and…
A: Total revenues = $71 millionOperating margin = 39.3%depreciation and amortization expense =$20…
Q: NBM common stock recently paid annual dividend in the amount of $2.25 per share. The analyst’s…
A: Stock price refers to the price at which shares are bought and sold in the market by the investors…
Q: (d) Repeat the process with the loan split into two 3 year loans. Round to the nearest dollar. End…
A: Future Value refers to the value of present value of annuity after a given period of time period…
Q: question 3 Kamal deposits 1207 $ in a bank, if the interest rate is 23.3 % per year compounded…
A: Principal amount (P) = $1207 Interest rate (r) = 23.3% per year (or 0.233) Compounding period (n) =…
Q: taken by the XYZ operates indoor tracks. The firm is evaluating the Santa Fe project, which would…
A: These cash flows are the difference between the cash flows that will be generated by the investment…
Q: Today is Janet's 23rd birthday. Starting today, Janet plans to begin saving for her retirement.…
A: Annual Saving = a = $1000Time = t = 42Aunt Birthday Present Amount = p = $10,000Rate of return = r =…
Q: Today is Janet's 23rd birthday. Starting today, Janet plans to begin saving for her retirement.…
A: Future value is the estimation of future cash value which is likely to be received in the future…
Q: A two-year bond with par value $1,000 making annual coupon payments of $106 is priced at $1,000.…
A: Yield to maturity refers to the minimum rate of return that is to be earned by the investor over an…
Q: Both a call and a put currently are traded on stock XYZ; both have strike prices of $40 and…
A: An option is a derivative contract which is a right but not the obligation. A call option is the…
Q: a. Find the duration of a 7% coupon bond making annual coupon payments if it has three years until…
A: A bond is a kind of debt security issued by the government and private companies for raising funds…
Q: here R₁ is the return on security i, RM is the return on index M (a broad market index) and e, is a…
A: Required return on a stock or portfolio with single factor model is calculated as shown below.
Q: You need $12,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an…
A: Annual loan payment is the amount of loan repayment which are scheduled at regular interval of time…
Q: Two years ago, your firm bought a new machine for $5,000. The machine was depreciated on a MACRS 3…
A: Here,Purchase Price of Machine is $5,000Time Period when machine purchased is 2 years agoSale Price…
Q: Structure Ws Other WACC Rf 70% 12% 5% Tax rate 30% Factors Market Risk Premium 8% As a CEO, you…
A: As per CAPM> expected return = risk-free rate + beta * (Market risk premium)> 12= 5 + Beta *…
Q: Happy Time Inc. is expected to generate the following cash flows for the next year, as shown in the…
A: The expected return is the estimation of profit or loss that an investor determine from his…
Q: The information contained in the table below shows the expected return and standard deviation for…
A: Percentage allocated to the market=(market return-risk free rate)/(risk aversion*standard deviation…
Q: At toy store, customers can choose a stufled animal and add accessories like a hat or sunglasses.…
A: It is a problem that involves the calculation of the price for a stuffed animal and related…
Q: Better Mousetraps has developed a new trap. It can go into production for an initial investment in…
A: Net present value refers to the method of capital budgeting used for making decision whether to…
Q: Suppose that today’s date is April 15. A bond with a 9% coupon paid semiannually every January 15…
A: The invoice price of the bond needs to be determined, in between the coupon dates. The invoice price…
Q: The company treasurer must determine the depreciation method for office furniture that costs $50,000…
A: Deprecation is that amount which is charge as expenses in profit & loss account on fixed assets…
Q: ssume an FI has a position in 10-year zero coupon bonds. The current yield to maturity is 5 per…
A: Price volatility is calculated as shown below.
Q: Bob and Carol have been married for 30 years. In 2023, they received $25,000 of Social Security…
A: If total income is more than $25,000 for an individual or $32,000 for a married couple filing…
Q: The Fourth Corp. is evaluating extra cash dividends versus share repurchases. In either case, $6,675…
A: Some time when company have extra cash than company pay dividends or may repurchase own shares from…
Q: c-1. If you had bought the January put with exercise price $105, will you exercise your put? Yes O…
A: Stock price = $101.51Exercise price = $105
Q: A firm has issued $25 million in long-term bonds that now have 8 years remaining until maturity. The…
A: Capital structure is one of the useful concept being used in business. This shows out of total…
Q: Guerilla Radio Broadcasting has a project available with the following cash flows : Year Cash Flow 0…
A: Payback period is the period required to recover initial investment but do not consider cash flow…
Q: 3) Find the best option in bellowed 3 mutually exclusive proposals for a construction of a dam. Use…
A: It is a case of incremental B/C ratio analysis. It is applied when projects are mutually exclusive.…
Q: “Forward rate is the unbiased predictor of the future spot rate” Do you agree or not. Justify the…
A: Forward Rate is the systematic rate on the underlying asset which is computed after considering the…
Q: What's the percentage of 65800 in decimal form
A: To express the percentage 65,800 in decimal form, you divide the percentage value by 100:
Q: Consider the following stocks and pick the best answer. Stock Standard Deviation Beta A 25%…
A: Expected return refers to the minimum rate of return that is earned by the investors over an…
Q: Two alternative locations are under consideration for a new plant: Jackson, Mississippi, and Dayton,…
A: Annual Profit Refers to the contribution less fixed costs and other debt obligations for the company…
Q: Under normal conditions (65% probability), Plan A will produce a $39,000 higher return than Plan B.…
A: The expected return refers to the weighted average of the returns that are provided by the…
Q: Ryan has $7300 to invest, and he wishes to double his money in 9 years to pay for a vacation to…
A: APY denotes Annual percentage Yield. Annual percentage yield refers to the percentage of annual…
Compute the monthly payment on a car loan of $23,000 for 35 months, if the APR is 8.4%.
Formula | |
Excel Functon |
I need the formula as well as the excel function.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
- Using the information provided please show all work and formulas in excel ! Suppose that you have two loan choices with monthly payments (a) What is the incremental borrowing cost of $30,000 for loan 1 over loan 2 if you hold the loan for the entire term and there are no origination costs for the two loans? (b) What is the incremental borrowing cost of $30,000 for loan 1 over loan 2 if you hold the loan for only 6 years (72 months) and there are no origination costs for the two loans?Please show how to solve this in excel and please show the spreadsheet and formulas. Suppose that you have the following two loans with monthly payments in the table attached as Choice 1 and Choice 2. Assuming that there is no origination cost with the loans. If Robin pays off the loan in 15 years(180 months), what is the incremental cost of the $10,000 for loan 1 over loan 2?You are looking to buy a car that costs $30,000. Your payment is $400/month for 60 months. If you want to know your interest rate on this loan, you can use Excel. Excel returns a RATE of 0.70%. What is your APR? 8.45% 2.75% 3.24% 0.70%
- What is the monthly payment for a 5 year new car loan, when the nominal annual interest is 6%. After the down payment and other up-front charges, the amount borrowed is $21,000. Show your calculations and results using two methods: Use Engineering Economy factors and the compound interest tables found in Appendix C. Using spreadsheet. Set up table with known values and use Excel payment function (PMTExample : You want to buy a $18,500 car. The company is offering a 3% interest rate for 4 years. What will your monthly payments be? I will do this one for you and show you how I want you to describe your formula/inputs in excel if that is how you choose to go about solving problems 2 through 5 - which I strongly recommend. If you choose to perform the calculations by hand show the formula used with values. Excel: Formula used: PMT Rate input: .03/12 NPer input: 4*12 Pv input: 18500 Answer : $409.49 per month 2. You want to buy a $22,500 car. The company is offering a 4% interest rate for 5 years. a.What will your monthly payments be? Round to the nearest cent .b. Assuming you pay that monthly amount for the entire 5 years, what is the total amount of money you will pay during those 5 years for the car? c.How much interest will you pay during those 5 years?You are interested in saving for a trip when you graduate in three years. You can save $75 each of the next 36 months and earn 2.75% interest on your money. How much money would you have in your savings account in 36 months for your trip? ( Please reference the loan infromation in the "Task 5 Data " cells as the argument for your functions
- Use technology to complete parts (a) through (c) below. ..... a. Find the monthly payment for a loan of $5000 with an APR of 12% and a loan term of 20 years. The monthly payment is $ (Round to the nearest cent as needed.)Please show how to solve this in Excel using Excel formulas and please show the spreadsheet so I can understand better. Suppose Cindy borrows $300,000 at 4% for 30 years, monthly payments. The APR on the loan is 4.25%. What amount of points were charged if there was $5,000 origination cost?Use Goal seek on the loan amount of $825,000. You would like the monthlypayment to be $4500.00. Find a solution for new loan amount, term, and Interestrate. Do not overwrite the Existing data on D3. Hint: Use Cancel when goal seekfinds a solution. Write the solution in the space provided on a spreadsheet.
- Please show me how to solve this in excel using an excel spreadsheet and please show the excel formulas! Thank You! A house price of $100,000 can be financed with two loans below with monthly payments. The total origination cost associated with these two loans in the table attached is $3000. Alternatively, the borrower can borrow one loan in the amount of $90,000 with monthly payments and origination cost of $2,000. What should the interest rate be on the loan of $90,000 so that the borrower will be indifferent between these two choices?Suppose you take out a 36-month installment loan to finance a delivery van for $26,100. The payments are $989 per month, and the total finance charge is $9,504. After 25 months, you decide to pay off the loan. After calculating the finance charge rebate, find your loan payoff (in $). (Round your answer to the nearest cent.) Need Help? Read It Watch It Master ItYou want to buy a car and have negotiated a sale price of $50,000. You can get a loan from your local bank at a rate of 6% annually for 6 years. What is your MONTHLY payment? Reference the below formulas when solving the problem above: PV = FV / (1+r)^t FV = PV(1+r)^t FVA = PMT(((1+r)^t) -1) / r FVA = PMT((1+(r/12)^t(12))-1)/(r/12) PVA = PMT(((1-(1+r)^-t) / r)) PVA = PMT((1-(1+(r/12))^-t(12)))/(r/12)