Payday loans are very short-term loans that charge very high interest rates. You can borrow $500 today and repay $535 in two weeks.6.what is the compound annual interest rate implied if the loan fee (interest) is $50? What is the compound annual interest rate implied. Note:- Don't use Excel Assume your portfolio standard deviation is 8 whereas the market has a standard deviation of6.8. The correlation coefficient (R) between the two is .38. What percentage of the risk in yourportfolio is unsystematic risk in this case?O 76%38%O 14%86%

First let us determine the interest percent charged for 14 days.

Payday loans are very short-term loans that charge very high interest rates. You can borrow $500 today and repay $535 in two weeks.6.what is the compound annual interest rate implied if the loan fee (interest) is $50? What is the compound annual interest rate implied.

Payday loans are very short-term loans that charge very high interest rates. You can borrow $500 today and repay $535 in two weeks.6.what is the compound annual interest rate implied if the loan fee (interest) is $50? What is the compound annual interest rate implied.

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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This is a loan problem with multiple parts please read and answer questions carefully.
Suppose that you want to take out a loan and that your local bank wants to charge you an annual real interest rate equal to 3%. Assuming that the annualized expected rate of inflation over the life of the loan is 1%, determine the nominal interest rate that the bank will charge you. What was the actual real interest rate on the loan if, over the life of the loan, actual inflation is 0.5%?
Calculate the missing information for the following loan. Round days to the next higher day when necessary. Do not enter units in your answer. Do not round intermediate calculations. Principal Rate (%) Time (days) Interest Method Interest Maturity Value $ 60,000 10.6 Exact $3,800 $63,800
solve without excel sheet
You are looking at a one-year loan of $10,000. The interest rate on a one-year loan is quoted as 13 percent plus 3 points. What is the EAR? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Effective annual rate Is your answer affected by the loan amount? O Affected 16.79 % Not affected
Plz answer fast.without plagiarism
5. I DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long- term loans, the differences may be pronounced. Use this Monthly Payments for Short-Term Loans Rule of Thumb to estimate the monthly payment on a loan of $5500 borrowed over a five-year period. (Round your answer to the nearest cent.) The monthly payment is at least $ ebook 6. E DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long- term loans, the differences may be pronounced. Use this Monthly Payments for Long-Term Loans Rule of Thumb to estimate the monthly payment on a loan of $300,000 at an APR of 6% over a period of 24 years. The monthly payment is at least $ eflook
Mf4. You've worked out a line of credit arrangement that allows you to borrow up to $80million at any time. The interest rate is0.61 percent per month. In addition, 4 percent of the amount that you borrow must be deposited in a non-interest-bearing account. Assume that your bank uses compound interest on its line of credit loans. Required: (a)What is the effective annual interest rate on this lending arrangement? (Do not round your intermediate calculations.) (b)Suppose you need $16 million today and you repay it in 6 months. How much interest will you pay? (Do not round your intermediate calculations.)
Plz don't use excel.
ff,2
Suppose you earn a gross income of $2,920.00 per month and apply for a mortgage with a monthly PITI of $908.12. You have other financial obligations totaling $169.36 per month. If the lending ratio guidelines are as given in the table below, what type of mortgage, if any, would you qualify for? Mortgage Type Housing Expense Ratio Total Obligations Ratio FHA 29% 41% Conventional 28% 36% A. FHA only B. Conventional only C. FHA and Conventional D. None of the above
A bank makes a loan of $1,000,000 at a rate of 6% p.a. It also requires a compensating balance of 5%. What is the effective cost to the borrower?

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