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likoan [24]
3 years ago
5

New body, a gym, bought new exercise equipment on credit. the purchase price was $10,438.88. they secure the loan with a financi

ng company that charges 6.25% per year compounded quarterly for 6 years. how much are their quarterly payments?
Business
1 answer:
Hoochie [10]3 years ago
4 0

Using the payment formula,

rate = 6.25%/4 (since it is compounded quarterly)

PV = 10,438.88

n= 6*4= 24 (6 years * 4 quarters per year)

Payment amount would be $524.95

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Price Risk, Reinvestment Risk, Investment Horizon and Longer maturity Bond.

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Amber Devices Ltd. has total assets worth $900 million and total liabilities worth $475 million at the end of December 31. What
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Answer:

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