Lena just borrowed $8,640.00 from the bank. She plans to repay this loan by making equal quarterly payments for 9 years. If the interest rate on the loan is9.57 percent per year and she makes her first quarterly payment in 3 months from today, then how much must Lena pay to the bank each quarter?O $352.28 (plus or minus 1 dollar)O $783.83 (plus or minus 1 dollar)O $360.70 (plus or minus 1 dollar)O $858.84 (plus or minus 1 dollar)O none of the answers are within 1 dollar of the correct answer

Loan amount=8640Period=9 yearsNumber of payment=n=36Interest rate=9.57Quarterly interest…

Answered: O $352.28 (plus or minus 1 dollar) O…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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63 )
2
6-Net increase in cash and cash equivalent is OMR 7,000; Bank overdraft in the beginning of the period OMR 12,000.Determine the ending Bank balance? a. Bank overdraft OMR 19,000 b. Bank overdraft OMR 5,000 c. Bank balance OMR 12,000 d. None of the option is correctvv
F27.
Company Deli writes checks averaging P30,000 per day that require 4 days to clear. By what amount will its book balance be less than its bank balance? a. P30,000.00b. P60,000.00c. P90,000.00d. P120,000.00e. P150,000.00
5. Suppose that you have local currency equivalents of the following accounts: Savings account $10,000 • Current Account $10,000 • CD (one year maturity) $15,000 • CD (five year maturity) $17,500 plus the following foreign currency accounts: • $10,000 • £10,000 Suppose the bank fails. How much can you expect to recover/to lose from deposit insurance given deposit insurance in the jurisdictions in which you have been assigned? What percent did you, as the depositor, actually recovery of the total sums that were deposited at the failed bank (with all foreign currency accounts converted into the relevant local currency)?
8
29
thempt 1 You just deposited $4,000 in cash into a checking account at the local bank. Assume that banks lend out all exces reserves and there are no leaks in the banking system. That is, all money lent by banks gets deposited in the banking system. Round your answers to the nearest dollar. If the reserve requirement is 12%, how much will your deposit increase the total value of checkable bank deposits? 0.14 Incamect If the reserve requirement is 4%, how much will your deposit increase the total value of checkable deposits? 0.04 $. Inomect Increasing the reserve requirement increases. the Incorect money supply.
p.2
18 Owen Company's unadjusted book balance at June 30 is $13,680. The company's bank statement reveals bank service charges of $110. Two credit memos are included in the bank statement: one for $1,410, which represents a collection that the bank made for Owen, and one for $180, which represents the amount of interest that Owen had earned on its interest-bearing account in June. What is the true cash balance? 200441 Multiple Choice O O $15,160 $14,910 $15,380 $13,680
13. If a bank has $4,000 of checkable deposits (DD), $3,000 in loans, and a required reserve ratio (rT) of 10 percent. The bank's excess reserves are A) $1,000. DD= 400o 3000 = 1oans B) $600. C) $1,400 D) $3,400

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O $352.28 (plus or minus 1 dollar) O $783.83 (plus or minus 1 dollar) O $360.70 (plus or minus 1 dollar) O $858.84 (plus or minus 1 dollar) the bank each qu