Answer: $1942.89
Explanation:
Since the car will cost $120,000 and it will be financed with a 84 month contract having a nominal rate of 9.20%, then the monthly payment will be:
= PMT(9.2%/12, 84, -120000)
This will be slotted into the Excel calculator and the answer gotten will be $1942.89
Therefore, the monthly payment will be $1942.89.
Answer:
15.68%
Explanation:
Now to get the expected return of the portfolio, we need to find the return of the portfolio in each state of the economy. This portfolio is a special case since all three assets have the same weight. To find the expected return in an equally weighted portfolio, we can sum the returns of each asset and the we divide it by the number of assets, so the expected return of the portfolio in each state of the economy will be :
Boom: RP= (.13 + .21 + .39) / 3 = .2433, or 24.33%
Bust: RP= (.15 + .05 −.06) / 3 = .0467, or 4.67%
Now to get the expected return of the portfolio, we multiply the return in each state of the economy by the probability of that state occurring, and then sum. In so doing, we get
E(RP) = .56(.2433) + .44(.0467)
=.1568, or 15.68%
Answer:
Debt-to-equity ratio = 0.70
Explanation:
given data
liabilities totaling = $29,750
mortgage = $99,167
net worth = $42,500
solution
we get here debt-to-equity ratio that is express as
debt-to-equity ratio = Total Debt ÷ Total Equity ....................1
put here value and we will get
Debt-to-equity ratio = 
Debt-to-equity ratio = 
Debt-to-equity ratio = 0.70
