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Three payments are scheduled as follows: $2,150 is due today, $1,850 is due in five months, and $3,400 is due in eight months. The three

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Three payments are scheduled as follows: $2,150 is due today, $1,850 is due in five months, and $3,400 is due in eight months. The three payments are to be replaced by a single equivalent payment due ten months from now. What should the payment be if money is worth 6.0%? Use ten months from now as the focal date. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Payment $ A loan of $3,200 at 71/5% simple interest was made on March 16. On what date was it repaid if the interest cost was $162.23? (Use 365 days a year. Do not round intermediate calculations. Round your answer to the nearest day.) (Click to select) A $100,000, 89-day commercial paper certificate issued by Bell Canada Enterprises was sold on its issue date for $98,950. What annual rate of return (to the nearest 0.001%) will it yield to the buyer? (Do not round your intermediate calculations. Round your final answer to 3 decimal places.) Rate of return 7% A $8,700 loan is to be repaid in three equal payments occurring 62, 180, and 300 days, respectively, after the date of the loan. Calculate the size of these payments if the interest rate on the loan is (7 1/4)%. Use the loan date as the focal date. (Do not round your intermediate calculations and round the final answer to 2 decimal places.) Payment A $26,300, 91-day Province of Newfoundland Treasury bill was originally purchased at a price that would yield the investor a 5.438% rate of return if the T-bill is held until maturity. Thirty-four days later, the investor sold the T-bill through his broker for $26,175. a. What price did the original investor pay for the T-bill? (Do not round the intermediate calculations. Round your answer to the nearest cent.) Price $ b. What rate of return did the first investor realize during his holding period? (Do not round the intermediate calculations. Round your answer to three decimal places.) Rate of return 1% c. If the broker sells the t-bill to a second investor for $26,175, what rate of return will the second investor realize if he or she holds the t-bill until maturity? (Do not round the intermediate calculations. Round your answer to three decimal places.) Rate of return % Three payments are scheduled as follows: $2,150 is due today, $1,850 is due in five months, and $3,400 is due in eight months. The three payments are to be replaced by a single equivalent payment due ten months from now. What should the payment be if money is worth 6.0%? Use ten months from now as the focal date. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Payment $ A loan of $3,200 at 71/5% simple interest was made on March 16. On what date was it repaid if the interest cost was $162.23? (Use 365 days a year. Do not round intermediate calculations. Round your answer to the nearest day.) (Click to select) A $100,000, 89-day commercial paper certificate issued by Bell Canada Enterprises was sold on its issue date for $98,950. What annual rate of return (to the nearest 0.001%) will it yield to the buyer? (Do not round your intermediate calculations. Round your final answer to 3 decimal places.) Rate of return 7% A $8,700 loan is to be repaid in three equal payments occurring 62, 180, and 300 days, respectively, after the date of the loan. Calculate the size of these payments if the interest rate on the loan is (7 1/4)%. Use the loan date as the focal date. (Do not round your intermediate calculations and round the final answer to 2 decimal places.) Payment A $26,300, 91-day Province of Newfoundland Treasury bill was originally purchased at a price that would yield the investor a 5.438% rate of return if the T-bill is held until maturity. Thirty-four days later, the investor sold the T-bill through his broker for $26,175. a. What price did the original investor pay for the T-bill? (Do not round the intermediate calculations. Round your answer to the nearest cent.) Price $ b. What rate of return did the first investor realize during his holding period? (Do not round the intermediate calculations. Round your answer to three decimal places.) Rate of return 1% c. If the broker sells the t-bill to a second investor for $26,175, what rate of return will the second investor realize if he or she holds the t-bill until maturity? (Do not round the intermediate calculations. Round your answer to three decimal places.) Rate of return %

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