Your firm has an average receipt size of $60. A bank has approached you concerning a lockbox service that will decrease your total collection time by 3 days. You typically receive 9,500 checks per day. The daily interest rate is 0.019 percent. If the bank charges a fee of $180 per day, what is the NPV of the lockbox project? What would the net annual savings be if the service were adopted?

An investor has accumulated $6,800 and is looking for the best rate of return that can be earned over the next year. A bank savings account will pay 5%. A one-year bank certificate of deposit will pay 7%, but the minimum investment is $9,800. Required: Calculate the amount of return the investor would earn if the $6,800 were invested for one year at 5%. Calculate the net amount of return the investor would earn if $3,000 were borrowed at a cost of 15%, and then $9,800 were invested for one year at 7%. Calculate the net rate of return on the investment of $6,800 if the investor accepts the strategy of part b. Note: Round your answer to 2 decimal places.

Suppose I have a balance of $4500 on my Bank of America credit card.  Assume the interest rate on my card is 12.95%.  If I am willing to commit to making monthly payments of $100, then how long will it take for me to pay off my credit card?

You have $100 and a bank is offering 5% interest on deposits.  If you deposit the money in the bank, how much will you have in one year? How do you do calculate this on a calculator.  This would be a future value problem correct?

Which do you​ prefer: a bank account that pays 5.0% per year​ (EAR) for three years or a. An account that pays 2.5% every six months for three​ years?               b. An account that pays 7.5% every 18 months for three​ years?                  c. An account that pays 0.50% per month for three​ years? ​(Note: Compare your current bank EAR with each of the three alternative accounts. Be careful not to round any intermediate steps less than six decimal​ places.)                              If you deposit $1 into a bank account that pays 5.0% per year for three​ years:   The amount you will receive after three years is _________________​(Round to five decimal​ places.)

Which do you prefer: a bank account that pays 5.0% per year (EAR) for three years or a. An account that pays 2.5% every six months for three years? b. An account that pays 7.5% every 18 months for three years? c. An account that pays 0.50% per month for three years? (Note: Compare your current bank EAR with each of the three alternative accounts. Be careful not to round any intermediate steps less than six decimal places.) If you deposit $1 into a bank account that pays 5.0% per year for three years: The amount you will receive after three years is $ (Round to five decimal places.)

Which do you prefer: a bank account that pays 5.3% per year (EAR) for three years or a. An account that pays 2.9% every six months for three years? b. An account that pays 7.8% every 18 months for three years? c. An account that pays 0.35% per month for three years? (Note: Compare your current bank EAR with each of the three alternative accounts. Be careful not to round any intermediate steps less than six decimal places.) If you deposit $1 into a bank account that pays 5.3% per year for three years: The amount you will receive after three years is $_______ (Round to five decimal places.) Part 2 a. An account that pays 2.9% every six months for 3 years? If you deposit $1 into a bank account that pays 2.9% every six months for three years: The amount you will receive after three years is $______(Round to five decimal places.) Part 3 Which bank account would you prefer? ▼ 5.3% per year for three years…

I need the answer as soon as possible

Which do you prefer: a bank account that pays 5.5% per year (EAR) for three years or a. An account that pays 2.8% every six months for three years? b. An account that pays 7.3% every 18 months for three years? c. An account that pays 0.46% per month for three years? (Note: Compare your current bank EAR with each of the three alternative accounts. Be careful not to round any intermediate steps less than six decimal places.) If you deposit $1 into a bank account that pays 5.5% per year for three years: The amount you will receive after three years is $ _____(Round to five decimal places.) Part 2 a. An account that pays 2.8% every six months for 3 years? If you deposit $1 into a bank account that pays 2.8% every six months for three years: The amount you will receive after three years is $_____(Round to five decimal places.) Which bank account would you prefer? (2.8 % every six months for three years/5.5% per…

Your firm has an average receipt size of $135. A bank has approached you concerning a lockbox service that will decrease your total collection time by one day. You typically receive 7, 300 checks per day. The daily interest rate is .016 percent. The bank charges a lockbox fee of $125 per day, a. What is the NPV of accepting the lockbox agreement? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What would the net annual savings be if the service were adopted? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)