Answer:
You question is missing some data.so i am adding a sample question matching the above conditions.i hope it will help.
You have just taken out a $15,000 car loan with a 8% APR compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go towards the interest? (Dont round intermediate steps to six decimal places)
Round answers to nearest cent
Explanation:
Please find attached file for complete answer solution and explanation of same question.
Answer:
No gain or loss.
Explanation:
Given:
Amount of spice mixture = 470 pound
Current price = $2.35 per pound
Future price = $2.73 per pound
Computation:
We know that, Future price of spice mixture is higher than current price of spices.
But contract price is fixed at $2.35.
Therefore, no gain or loss will be recognized.
Answer:
coupon interest rate that the company must set on the bonds in order to sell the bonds-with-warrants at par is 8.25%.
Explanation:
warrant per share = 2*75 = $150
price of the bond = 1000 - 150 - (1000/(1.05^40))
= $707.9543177
coupon*(1 -(1/(1.05^40)))/0.05 = 707.9543177
coupon*17.15908635 = 707.9543177
coupon = 41.25827583
coupon rate = 8.25%
Therefore, coupon interest rate that the company must set on the bonds in order to sell the bonds-with-warrants at par is 8.25%.
The answer would be true. The reason for that is because excel automatically saves what you added on the sheet.
Interesting...............
