Suppose you take out a margin loan for $75,000. You pay a 6.4 percent effective rate. If
Question:
Suppose you take out a margin loan for $75,000. You pay a 6.4 percent effective rate. If you repay the loan in two months, how much interest will you pay?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
75000...View the full answer
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ Question Solved
Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Question Posted:
Students also viewed these Business questions
-
Suppose you take out a 30-year mortgage of $100,000 with a fixed interest rate of 5 percent. You must make 360 equal monthly payments. Write an equation that defines what the payment is.
-
Suppose you take out a $100,000, 20-year mortgage loan to buy a condo. The interest rate on the loan is 6%, and to keep things simple, we will assume you make payments on the loan annually at the end...
-
Banks sometimes quote interest rates in the form of "add-on interest." In this case, if a 1-year loan is quoted with a 20% interest rate and you borrow $1,000, then you pay back $1,200. But you make...
-
Design a suitable angle section to carry a factored tensile force 210 kN assuming a single row of M20 bolts. The yield strength and ultimate strength of the material is 250 MPa and 410 MPa,...
-
Heat a small amount of water to boiling in an aluminum soda-pop can and invert it quickly into a dish of cooler water. Surprisingly dramatic!
-
help The current sections of Buffalo Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Buffalo Corp.'s net income for 2022 was $190,500. Depreciation expense was $31,500....
-
M09_MCCL3396_14_GE_C09.indd 546 29/09/2021 14:35 SECTION
-
Grant Computer Services, Inc., has been in business for six months. The following are basic operating data for that period Required a. What is the average service revenue per hour in each month and...
-
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and...
-
Calculate the enthalpies of steam at the inlet and at exit of steam turbine. Also, determine dryness fraction at the exit of steam turbine for Faisalabad Steam Turbine power plant, Having the...
-
For the classical normal regression model y = X + with no constant term and K regressors, assuming that the true value of is zero, what is the exact expected value of F[K, n K] = (R 2 /K)/[(1 R 2...
-
Suppose you hold a particular investment for seven months. You calculate that your holding period return is 14 percent. What is your annualized return?
-
What is the length of the hypotenuse of a right triangle with leg lengths of 8 inches and 15 inches? A 13 inches B 17 inches C 21 inches D 25 inches
-
Are investors too impatient in wanting returns from these investments? "Would Nordstrom be better off if it were owned by private investors, rather than as a publicly traded firm since this would...
-
how AI is used to discover new material, will it change the whole science environment?
-
QUESTION 1 Which one of the following statements is not part of the "bundle of rights" enjoyed by a fee simple owner of property? a. The right to possess the property b. The right to control what...
-
In order to pay his rent, Tom, a college student, has taken a job in the computer department of a local department store. His only responsibility is to answer telephone calls to the department, most...
-
How does database normalization impact data integrity and query performance in complex relational schemas ? Explain
-
Graph the equation. y = -2x - 1
-
What services are provided by the provincial and territorial governments?
-
In the example given by Ms. Plain, what was the spread for the GHT stock just prior to execution? a. $0.06 b. $0.02 c. $0.04 George White, CFA, and Elizabeth Plain, CFA, manage an account for Briggs...
-
Assume that when Mr. White and Ms. Plain entered their buy order for GHT, the price of the stock increased to $25.45. This is the price at which the trade was executed. Given this impact, the...
-
Suppose Microsoft is currently trading at $50. You want to sell it if it reaches $55. What type of order should you submit?
-
[ The following information applies to the questions displayed below ] Nauticat has two classes of stock authorized: $ 1 0 par preferred, and $ 1 par value common. As of the beginning of 2 0 2 1 , 1...
-
Selling is not the most important part of marketing. Explain why not
-
When direct materials are issued from the storeroom, are any entries made in the subsidiary records? Question 2 options: Increase raw material item record Decrease raw material item record No entry...
Study smarter with the SolutionInn App