models. (Round your answers to the nearest cent as needed.) 1. A building contractor gives a $15,500 promissory note to a plumber who has loaned him $15.500. The note is due in nine months with interest at 9.5%. Three months after the note is signed, the plumber sells it to a bank. If the bank gets a 10% return on its investment, how much will the plumber receive? Will it be enough to pay a bill for $15,850?
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- Suppose you are getting a loan from a bank to purchase a feed business. The interest rate on the loan is 5 percent, the amount of the loan is $1,000,000. The loan Is for 10 years. The bank is charging you $40,000 for the loan in cash on the day of closing, what is the APR?Suppose you are a relationship manager at an international bank. A customer who recently got admission at a prestigious Business School approached you for an education loan of Rs. 36,00,000. Your bank offers the education loan at 9.6 percent to be repaid in 10 years in EMIs. You are assigned the task of preparing the amortization schedule for the customer and answer the following. Prepare the amortization schedule for the first 5 EMIs. What will be interest paid for 93th EMI? What will be the loan balance after 93th EMI? What is the total interest paid for the loan?A woman went to the Beneficial Loan Company and borrowed S10,000. She must pay S323.53 At the end of each month for the next 60 months. A. What is the Monthly Interest rate she is paying? What is the Nominal Interest rate? С. What is the Effective Interest rate? Make your cash flow diagram and solve. B.
- A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan at $3,100 per month for the next three years and then $2,100 per month for two years after that. If the bank is charging customers 10.00 percent APR, how much would it be willing to lend the business owner? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value2. Suppose you have a bank account into which you make $100 deposits each month. You find a bank account paying r 100% (r is a decimal rate) per month. You would like to save up for a $2,000 car down payment, which you would like to have in 15 months. What must the bank account pay in order for this to be accomplished?3. Subject : - Finanace assume you currently have a chase sapphire preferred card with a balance of 12,000 dollars. Behind the honest sort, suppose you resolve to pay off the credit card in five years and the stated APr charged by the credit card company the credit card is 19.00%. How much would your monthy payments have to be to reach your goal?
- An investor has accumulated $4,450 and is looking for the best rate of return that can be earned over the next year. A bank savings account will pay 9%. A one-year bank certificate of deposit will pay 11%, but the minimum investment is $7,450. Required: a. Calculate the amount of return the investor would earn if the $4,450 were invested for one year at 9%. b. Calculate the net amount of return the investor would earn if $3,000 were borrowed at a cost of 19%, and then $7,450 were invested for one year at 11%. c. Calculate the net rate of return on the investment of $4,450 if the investor accepts the strategy of part b. Note: Round your answer to 2 decimal places. a. Amount of return b. Net amount of return c. Net rate of return %PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASProblem 5:An account executive at Santander branch CETYS, receives a deposit from an important client-student, surnamed Cuevas Ronchas for $30,000.00; in an account that generates 6% interest, capitalizable monthly. After two years, he decides to make new deposits at the end of each year, so that after three years from this decision, he has $200,000.00 at the time of the last deposit. Find the amount of annual deposits he has to make for the last 3 years. The solution involves calculating a future value and then a present value. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASProblem 5:An account executive at Santander branch CETYS, receives a deposit from an important client-student, surnamed Cuevas Ronchas for $30,000.00; in an account that generates 6% interest, capitalizable monthly. After two years, he decides to make new deposits at the end of each year, so that after three years from this decision, he has $200,000.00 at the time of the last deposit. Find the amount of annual deposits he has to make for the last 3 years. The solution involves calculating a future value and then a present value. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel. Please, not in written form, please do it in excel Please, not in written form, please do it in excel Please, not in written…
- A sales engineer is due to resign in the next three years. His plan is to set uр a business that requires Ρhр 300,000.00 as initial caрital. How much deposit does he needs monthly to acquire that amount if the bank has an interest of 1.5 %.4) You secure a new job as a tutor at the 10 Minute School. At the end of the month, you receive a salary of 15,000 taka in cash. You open a new savings account in Dutch Bangla Bank Limited (DBBL) and deposit the 15,000 taka along with 10,000 taka, which you had saved up earlier. a) If the DBBL maintains a CRR of 20%, how will it respond to the new deposit and what changes will take place in DBBL’s balance sheet? b) Ifevery time the bank makes a loan, the loan results in a new savings account in a different bank equal to the amount of the loan, by how much could the total money supply increase due to your initial deposit?Which do you prefer: a bank account that pays 5% per year (EAR) for three years or a. An account that pays 2.5% every six months for three years? b. An account that pays 7.5% every 18 months for three years? c. An account that pays 0.5% per month for three years? a. An account that pays 2.5% every six months for three years? If you deposit $1 into a bank account that pays 5% per year for three years, you will have $nothing. (Round to five decimal places.) If you deposit $1 into a bank account that pays 2.5% every six months for three years, the amount you will receive after three years is $nothing. (Round to five decimal places.) Therefore, you will prefer: ▼ 2.5% every six months for three years 5% per year for three years . (Select from the drop-down menu.) b. An account that pays 7.5% every 18 months for three years? If the account pays 7.5% every 18 months for three years,…