sets and $54 thousand in rate - sensitive liabilities for the next three month period. he bank's initial spread is 0.49 %. What is the bank's three month funding GAP? ound your final answer to the nearest dollar (Ex. $0).

Q: Find the savings plan balance after 6 months with an APR of 9% and monthly payments of $200. The…

A: Future value refers to the value of an asset present today at some future date affected by interest…

Q: You wish to save $30,000 by making $1000 deposits at the end of each month. If the bank pays 4%…

A: Dear student, we need to use NPER and FV formulas in excel to solved this problem.

Q: A. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being…

A: Future value is an estimate of future cash flows ​​that may be received at a future date, discounted…

Q: You need $24,856 at the end of nine years, and your only investment outlet is a 10 percent long-term…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: urrent assets of NorthPole.com at 1.7 million, 3rd quarter $1.5 million ermanent current assets is:…

A: Current assets are those assets which can be used to pay for current laibilties that means short…

Q: Consider a credit card with a balance of $7000 and an APR of 12.5%. If you want to make monthly…

A: The objective of this question is to calculate the total amount paid over 11 years to clear a credit…

Q: Which do you​ prefer: a bank account that pays 5.0% per year​ (EAR) for three years or a. An account…

A: The following future value formula will be used:

Q: Assume that you want to have $ 4100 saved in a sinking fund in 1 year. The account pays 3%…

A: Future value (FV) = $ 4100 Annual interest rate = 3% Monthly interest rate (r) = 3%/12 = 0.25%…

Q: You currently have $5,300. First United Bank will pay you an annual interest rate of 8.8, while…

A: As per the given information: Future value - $13,000 Present value - $5,300 Rate of interest - 8.8…

Q: Your business requests a 3-month loan for 50,000. What will be the interest paid at the end of the…

A: The amount of interest paid is calculated as shown below.

Q: Assume you want to have $4050 saved in a sinking fund in 1 year. The account pays 3.5% compounded…

A: The amount of money invested over a period of time with the assumption of investment growth at a…

Q: Find the savings plan balance after 12 months with an APR of 5% and monthly payments of $300. The…

A: Monthly payment (C) = $300Monthly interest rate (r) = 0.00416666666666667 (i.e. 0.05 / 12)Monthly…

Q: How much will your investment be worth in 17 years at each bank?

A: Time value of money (TVM) means that the amount received in the present will have more value than…

Q: You want to be able to withdraw $8500 from an account at the end of each 6-month period (that is,…

A: Given that;Periodic withdrawal amount is $8500Interest rate is 2.9% per year

Q: Marcus is trying to decide which checking account to open.  Bank A's account pays 1.6%, compounded…

A: To compare the returns on two different accounts, we need to calculate the effective annual interest…

Q: The final payment will be $______ (Round to the nearest cent.) Your bank is offering you an account…

A: Interest rate is 20% Time period is 2 years   To Find: Equivelent interest rate for 6 months 1…

Q: Find the savings plan balance after 18 months with an APR of 9% and monthly payments of $150. ...…

A: Future value is the estimated value of current assets that is discounted at an assumed rate of…

Q: Assume that you want to have $ 2900 saved in a sinking fund in 1 year. The account pays 5%…

A: Future value is the estimated value of current assets that is discounted at an assumed rate of…

Q: nk will lend you $4,000 for 45 days at a cost of $50 interest. What is your effective rate of…

A: Effective interest rate is the interest rate after considering the impact of compounding on interest…

Q: Jane Doe plans to make twelve end-of-month payments of $18,000 each on a short term investment…

A: The time value of money (TVM) is a financial concept that recognizes the idea that money has a…

Q: ou can earn .38 percent per month at your bank. If you deposit $2,100, how long must you wait until…

A: Future value of money is the amount that is deposited and amount of interest accumulated over the…

Q: Which do you​ prefer: a bank account that pays 9% per year​ (EAR) for three years or a. An account…

A: Future value refers to the value of the current asset at some future date due to inflation,…

Q: How much should be deposited now into an account earning 8.4 % interest per year, compounded every 6…

A: Compound = 6 months = Semiannually = 2Interest Rate = r = 8.4 / 2 = 4.2%Payment = p = $1500Time = t…

Q: a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal…

A: 1) Future Value of anuity = P * [ { (1 + r )n -1 } /r ] where, P =  periodic payment r = interest…

Q: Find the savings plan balance after 15 months with an APR of 2% and monthly payments of $100

A: Future Value of Annuity: It represents the future worth of the current stream of cash flows and is…

Q: A bank offers an investment account that has an annual interst rate of 9.9%, compounded quarterly.…

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

Q: nth. Round all values to the nearest cent. A. What is the finance charge for this first month? B.…

A: finance fee is the interest  pay on a loan you owe,If you carry a debt from one payment month to…

Q: If you deposit $2,200, how long must you wait until your account has grown to $3,900? Number of…

A: The time value of money recognizes the idea that the value of an amount of money today differs from…

Q: Subject : - Finanace  assume you currently have a chase sapphire preferred card with a balance of…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: You currently have $4,000 in a bank account that pays an annual rate of 1%, compounded monthly.  You…

A: Dear student, we need to use NPER formula to calculate number of periods(N) in excel.

Q: Van Buren Resources Inc. is considering borrowing $120,000 for 168 days from its bank. Van Buren…

A: Financing Costs: Financing costs is nothing but an interest cost that a company would incur for…

Q: Assume that you take out a $3000 loan for 47 months at 6.5% APR. How much total interest will you…

A: Loan amount = $ 3000 Period = 47 Months APR = 6.5%   To Find: Total Interest paid

Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.