Question
ANSWER QUESTIONS FROM ATTACHED. I NEED IT IN 4 HOURS Suppose an investment offers to double your money in 18 months (don't believe it). What
ANSWER QUESTIONS FROM ATTACHED. I NEED IT IN 4 HOURS
Suppose an investment offers to double your money in 18 months (don't believe it). What rate of return per quarter are you being offered?(Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Rate of return%
You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage for 80 percent of the $3,200,000 purchase price. The monthly payment on this loan will be $17,300.
What is the APR on this loan?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Annual percentage rate%
What is the EAR on this loan?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Effective annual rate%
You are looking at a one-year loan of $18,500. The interest rate is quoted as 7.3 percent plus four points. Apointon a loan is simply 1 percent (one percentage point) of the loan amount. Quotes similar to this one are very common with home mortgages. The interest rate quotation in this example requires the borrower to pay four points to the lender up front and repay the loan later with 7.3 percent interest.
What rate would you actually be paying here?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Interest rate%
What is the EAR for a one-year loan with a quoted interest rate of 10.3 percent plus two points?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
EAR%
Is your answer affected by the loan amount?NoYes
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