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Q: Calculate the nominal annual cost of trade credit under each of the following terms. Assume a…
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Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…
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Q: 1. credit terms : 5, 1/15, n/45 what is the rate of the trade discount?
A: Hi student Since there are multiple questions, we will answer only first question.
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A: Therefore, the finance charge is $12,334.
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Q: SOLVE FOR THE FOLLOWING: Finance Charge = $ Finance Charge per $100 = APR =________________ %
A: in this we have to calculate financial charges after deductions of principal amount payment.
Q: Cost of Trade Credit What are the nominal and effective costs of trade credit under the credit…
A: Formula for Nominal cost of credit = % of discount/(100- % of discount) × [365/(Full payment…
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Q: Calculate the nominal annual cost of no free trade credit under each of the following terms. Assume…
A: Note: As per our guidelines, we can only solve up to 3 subparts. Please post other parts separately.
Q: Cost of Trade Credit Calculate the nominal annual cost of trade credit under each of the following…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
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- The cost of discounts on credit terms of 3/10, n/45 is a. 31.78% b. 31.48% c. 20.99% d. 30%If the Loan-to-value Ratio is 75%, what is the Leverage Ratio? O a. 2.55 O b. 4.00 c. 3.50 Od 5.00 Oe 0.75What is the annual percentage rate on a loan with a stated rate of 2 percent per quarter? A. 2.00 percent B. 2.71 percent C. 4.04 percent D. 8.00 percent E. 8.24 percent
- Find the effective rate of annual interest 9% that paid quaterly. a. 9.5% b. 9.3% c. 9.10% d. 9.0%Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume that payment is made either on the discount date or on the due date. a. 1/15, net 20 b. 2/10, net 60 c. 3/10, net 45 d. 2/10, net 45 e. 2/15, net 40Given the following information, what is expected loss of a $200,000 loan in percent? Probability of default 0.30% Loss given default 55.00% A .15% B .22% C .33% D .17%
- 6. Calculate the EIR, if the trade credit under each of the following: a) 2/10,n/60 b) 2/10, 1/60 show formula and solutionsPayment # Payment Interest Debt Payment Balance 1 1,167.34 540.54 626.80 259,873.20 2 1,167.34 539.24 628.10 259,245.10 3 1,167.34 With the exception of column one, all amounts are in dollars. Calculate the annual interest rate on this loan.The approximate effective cost (EC) of financing the discount price of trade credit under terms 2/10, net/30 using a 360 day year is?
- CENGAGE MINDTAP Ch 07: Assignment - Using Consumer Loans 12. Buy on time or pay cash? You are going to make a substantial purchase. You have enough money to pay cash, but don't know if that's the way to make best use of your assets. Maybe you should take out an installment loan to make the purchase and invest the cash you would otherwise have used to pay for it. Use the information provided to complete the following worksheet and analyze how the numbers work out most favorably for you. For simplicity, compounding is ignored in calculating both the cost of interest and interest earnings. [Note: Enter your dollar answers rounded to the nearest two cents and precede numbers that are less than zero (0) with a minus sign (-).] Q Search this course ? Khloe ✓ A-ZWhat is the equivalent rate of the following series of discount 19.5/7.5/6.07 O a. 28.2663% O b. 26.8375% O c. 27.6280% O d. 29.1358% O e. 30.0053%What is the EAR fir a loan with a quoted rate of 7%APR compounded monthly? A. 7% B. 7.12% C. 7.19% D. 7.23% E. 7.25%