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Genrish500 [490]
3 years ago
5

Total interest paid on a 30-year straight note was $230,000 during the term of the loan. The annual interest rate was 6.6%. What

was the loan amount?
Business
1 answer:
dsp733 years ago
3 0

Answer:

$116,161.616

Explanation:

Given that,

Total interest paid = $230,000

Time period = 30 year

Annual interest rate = 6.6%

Total interest on loan = Loan amount × Interest rate × Time period

$230,000 = Loan amount × 6.6% × 30 years

Loan amount:

=\frac{230,000}{0.066\times 30}

=\frac{230,000}{1.98}

      = $116,161.616

Therefore, the loan amount is $116,161.616.

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g Call options on IBM-listed stock options are Group of answer choices created by investors and traded on various exchanges. iss
Scorpion4ik [409]

Answer: Created by investors and traded on various exchanges

Explanation:

Call options are contracts that give the buyer the right to buy the underlying assets of the option on a particular date at a set price by exercising the option. American Call options can be exercised anytime before the date listed in the contract as well.

Call options are created by people who already own stock in the company i.e investors in IBM and traded on various exchanges such as the Chicago Board Options Exchange. It acts as a supplementary way to make income from stock if the investors do not believe that the stock price will go up thus enabling them to make income from the contract price.

8 0
3 years ago
Which of the following is one way the Federal Reserve Bank serves the government?
Andrews [41]

Answer:

making loans to the government

3 0
2 years ago
Ganado and Equity Risk Premiums. Maria​ Gonzalez, Ganado's Chief Financial​ Officer, estimates the​ risk-free rate to be 3.50 %​
Elza [17]

Answer:

WACC (CAPM) 5.2%

WACC (ICAPM) 5.03%

Explanation:

The weighted average cost of capital is

Ke * E/ E+D + Kd * (1 -t) D / E+D

Ke = Rf + (Rm - Rf) * \beta

Ke (CAPM) = 3.50% + (8% - 3.50%) * 1.12

Ke (CAPM) = 7.532%

Kd (CAPM) = Kd (1-t)

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Kd (CAPM) = 4.636%

WACC (ICAPM) : 7.532 * 20% + 4.636 * 80%

WACC (CAPM) = 5.2164%

Ke (ICAPM) = 3.50% + (8% - 3.50%) * 0.86

Ke (ICAPM) = 6.596%

Kd (ICAPM) = Kd (1-t)

Kd (ICAPM) = 7.60 (1-39%)

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7 0
3 years ago
As we go from home operation to international operations, we can potentially receive a _______, but we can also see our ______ i
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As we go from home operation to international operations, we can potentially receive a<u> </u><u>rise in our costs</u>, but we can also see our <u>profits </u>increase. This is about business expansion.

<h3>What is business expansion?</h3>

When a company reaches a certain point in its growth and starts looking for new ways to increase profits, that stage is known as business expansion.

Managing business growth or development is a challenge that successful firms and startups alike eventually encounter.

It is to be noted that while business expansion comes with possible potential increases in profit and net worth, incurring additional costs is a certainty.

Lean more about business expansion:
brainly.com/question/15115779
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8 0
2 years ago
A portfolio has 40% of its value in IBM shares and the rest in Microsoft (MSFT). The volatility of IBM and MSFT are 35% and 30%,
Bess [88]

Answer:

Our answer is D 26.86%

Explanation:

3 0
3 years ago
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