This is true, If you put more budget on your payments for the credit card having the highest interest rate, you'll pay the whole balance more quickly. Then, do the same with the other remaining cards, pay the balance which has the highest interest rate.

8 0

3 years ago

USA Manufacturing issued 30-year, 7.5 percent semiannual bonds 6 years ago. The bonds currently sell at 101 percent of face valu

vekshin1

Answer:

4.82 percent

Explanation:

We use the Rate formula in this question that is shown in the attachment

The NPER is the period of time.

Provided that,

Present value = $1,000 × 101% = $1,010

Assuming figure - Future value or Face value = $1,000

PMT = 1,000 × 7.5% ÷ 2 = $37.5

NPER = 30 years - 6 years = 24 year × 2 = 48 years

The formula is presented below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this,

1. The pretax cost of debt is 7.41%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 7.41% × ( 1 - 0.35)

= 4.82%

6 0

3 years ago

What are the three main goals of monetary policy?

MakcuM [25]

The three objectives of monetary policy are :
-controlling inflation
-managing employment levels
-maintaining long term interest rates.

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6 0

2 years ago

Bruno Company had a $200,000 beginning balance in bonds payable and a $210,000 ending balance in bonds payable. During the year,

Ymorist [56]

Answer:

2009mmmmmmmmmmm...............

4 0

3 years ago