10:03 al Done PPIT_Exercises_261021 (... Q A A 2 of 2 3. Nakatomiloyota buys its cars from Toyota Motors-USA, and sels them to US. customers One of its customers Foam rental firm which years from Nakitomi Torpatata wholesale price. Final payment is due to Nakatumi Toyota in 6 months. EcoHire has bought $200,000 worth of cars from Nakatami, with a cash down payment of $40,000 and the hac balance de in F moths without any interest durged as a sales incentive. Nakalcemieyala will have the Ctolare receivable accepted by Alliance Acceptance for a 2% fee, and the sell it at 3% per annum iunta Wells Fargo Bank What is the annualized percentage all in cotto Nakatomi Toyota? 6. What are Nakatomi's net cash proceeds, including the cash dawa payment? Umaru o 4. Umaru Olof Nigeria has purchased $1,000,000 of oil draling equipment from Gunslinger Drilling of HoustonTexas Umer Oil must pay for this purchase over the next 5 years at a rate of $200,000 per year due on March 1st of each year Bank of Zurich a Swiss forfaiter, has agreed to buy the 5 notes of $200,000 each at a discount. The discount rate would be approximately 3% per annum based on the expected 3 year LIBOR rate plus 200 basis points, paid by Umaru Dil Bank of Zurich also would charge Umara olan additional commitment tee of 2% per annum from the date of its commitment to france until receipt of the actual discounted notes issued in accordance with the financing contract. The $200.000 promissory notes will come due on March 1st in SUCCESSIVE years. The promissory notes sued by Umaru Oil will be endorsed by their hank, Lagos City Bank, for 14 fee and delivered to Gunslinger Driling. At this point Gunslinger Drilling will endorse the notes without recourse and discount them with the forfaiter, Bank of Zurich, receiving the full $200,000 principal amount. Bank of Zurich will sell me notes by me discounting them to investors in the international money market without recourse. At matunty the nvestors holding the notes will present them for collection at Lagos City Bank If Lagos City Bank cesults on payment, the investors will collect on the notes from Bank of Lunch a. What is the annualized percentage all-in-cost to Limanu Oil of financing the first $200,000 nate due March 1, 20117 b. What might motivate Umaru Oli to use this relatively expensive alternative for financing? Ini 10:03 al Done PPIT_Exercises_261021 (... Q A A 2 of 2 3. Nakatomiloyota buys its cars from Toyota Motors-USA, and sels them to US. customers One of its customers Foam rental firm which years from Nakitomi Torpatata wholesale price. Final payment is due to Nakatumi Toyota in 6 months. EcoHire has bought $200,000 worth of cars from Nakatami, with a cash down payment of $40,000 and the hac balance de in F moths without any interest durged as a sales incentive. Nakalcemieyala will have the Ctolare receivable accepted by Alliance Acceptance for a 2% fee, and the sell it at 3% per annum iunta Wells Fargo Bank What is the annualized percentage all in cotto Nakatomi Toyota? 6. What are Nakatomi's net cash proceeds, including the cash dawa payment? Umaru o 4. Umaru Olof Nigeria has purchased $1,000,000 of oil draling equipment from Gunslinger Drilling of HoustonTexas Umer Oil must pay for this purchase over the next 5 years at a rate of $200,000 per year due on March 1st of each year Bank of Zurich a Swiss forfaiter, has agreed to buy the 5 notes of $200,000 each at a discount. The discount rate would be approximately 3% per annum based on the expected 3 year LIBOR rate plus 200 basis points, paid by Umaru Dil Bank of Zurich also would charge Umara olan additional commitment tee of 2% per annum from the date of its commitment to france until receipt of the actual discounted notes issued in accordance with the financing contract. The $200.000 promissory notes will come due on March 1st in SUCCESSIVE years. The promissory notes sued by Umaru Oil will be endorsed by their hank, Lagos City Bank, for 14 fee and delivered to Gunslinger Driling. At this point Gunslinger Drilling will endorse the notes without recourse and discount them with the forfaiter, Bank of Zurich, receiving the full $200,000 principal amount. Bank of Zurich will sell me notes by me discounting them to investors in the international money market without recourse. At matunty the nvestors holding the notes will present them for collection at Lagos City Bank If Lagos City Bank cesults on payment, the investors will collect on the notes from Bank of Lunch a. What is the annualized percentage all-in-cost to Limanu Oil of financing the first $200,000 nate due March 1, 20117 b. What might motivate Umaru Oli to use this relatively expensive alternative for financing? Ini