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Lemur [1.5K]
4 years ago
11

Maria is going to take out a loan with a principal of $19,700. She has narrowed down her options to two banks. Bank M charges an

interest rate of 7.1%, compounded monthly, and requires that the loan be paid off in five years. Bank N charges an interest rate of 7.8%, compounded monthly, and requires that the loan be paid off in four years. How would you recommend that Maria choose her loan?
Business
1 answer:
Vadim26 [7]4 years ago
3 0

Answer:

Loan principal amount = $19,700

Bank M:

Interest rate charges = 7.1% compounded monthly

Loan will be paid off in = Five years

Bank N:

Interest rate charges = 7.8% compounded monthly

Loan will be paid off in = Four years

From the above information, we would recommend that Maria choose her loan from Bank M if she wants a lower monthly payments and Maria choose her loan from Bank N if she wants a lower lifetime cost.

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The risk-free rate is 2.3 percent and the market expected return is 12 percent. What is the expected return of a stock that has
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Answer:

The expected return = 10.739.

Explanation:

Given risk-free rate of return = 2.3 per cent

Market expected return = 12 percent  

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Use the below formula to find the expected return.

The expected return = Risk free rate of return + Beta × (Market expected return - risk free rate of return)

The expected return = 2.3 + 0.87 (12 – 2.3)

The expected return = 10.739

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Suppose Mike wants to pay efficiency wages to help in the construction of his beach home. If the prevailing wage rate for electr
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Answer:

The answer to the question is c

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Jessica does not believe that the methods and processes for determining salary increases in her company are fair. As per this ex
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Answer:

Procedural justice

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Procedural justice is centered on the idea that there should be fairness in the process used in making decision or resolving disputes in a transparent way without being impartial, to ensure the process brings out the right outcomes.

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8 0
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Suppose we have a bond issue currently outstanding that has 20 years left to maturity. The coupon rate is 8% And coupons are pai
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Here i will use a Financial Calculator to enter and compute the YTM as follows :

N = 20× 2 = 40

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Thus the cost of the Bond is 10%

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3 years ago
Suppose you had information on the sales of similar homes just east and just west of the boundary between two school districts.
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I would us the data by

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