Annie Hegg has been considering investing in the bonds of Atilier Industries. The bonds were issued 5 years ago at their P1000 par value and have exactly 25 years remaining until they mature. They have an 8% coupon interest rate‚ are convertible into 50 shares of common stock‚ and can be called any time at P1080. The bond is rated Aa by Moody’s. Atilier Industries‚ a manufacturer of sporting goods‚ recently acquired a small athletic-wear company that was in financial distress. As a result of the
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capital return back with interest‚ only when your business revenue is successful. Owner’s fund allows you and your business partners to take full control of money that you guys are contributing to your business. I would recommend Owner’s funds because it is internal source of long term finance which help the owners of Caveman Brewery to ensure smooth transition from their initial start-up. Advantages The advantage of owner’s funds that you don’t have to pay interest if you don’t get a bank loan
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Syllabus College of Humanities FP/120 Version 3 Essentials of Personal Finance Copyright © 2012‚ 2011‚ 2009 by University of Phoenix. All rights reserved. Course Description This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget‚ understanding and paying taxes‚ working with financial
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beginning of the prior year‚ and $10‚000 at the end of the prior year. The interest expense on the income statement for the year is $1‚560. Interest has to be paid on any loan. The gift shop could elect to use money in savings to pay the balance of the loan. This would eliminate the interest expense and contribute to the shop’s savings. Conversely‚ the shop could find another bank with a lower interest rate for this. Paying interest on a loan seems unlikely for a not-for-profit organization; however‚
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Overview: Sinclair Company is considering the purchase of new equipment to perform operations currently being performed on different‚ less efficient equipment. The purchase price is $250‚000‚ delivered installed. Sinclair production engineer estimates that the new equipment will produce savings of $72‚000 in labor and other direct costs annually‚ as compared with the present equipment. She estimates the proposed equipment’s economic life at five years‚ with zero salvage value. The present equipment
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MOST IMPORTANT TERMS AND CONDITIONS 1. Purpose for which the loan can be availed: The loan will be sanctioned for extending financial assistance to deserving / meritorious students for pursuing higher education in India and abroad. 2. Courses Eligible: a. Studies in India: Graduation‚ Post-graduation including regular technical and professional Degree/Diploma courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc Regular Degree/ Diploma Courses conducted by
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would have been the value of the fund in 1990? 2. Here is a series of cash flows with an interest rate of 8% per period: End of period 1-5 6-10 Project X $1000 2000 Project Y $2‚000 1‚000 a. Find the equivalent present values of the two projects. b. Find the equivalent values of the two projects at the end of 10 periods. c. Find the equivalent uniform series of the two projects. 3. Assuming an (effective) interest rate of 10% per annum: a. How much must be invested today in order to provide an annuity
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Assignment due date: 5/27/2012 Problem definition: Calculate the monthly payment on a loan given the loan amount‚ the annual interest rate‚ and the total number of monthly payments. A. Problem Analysis – Here are the input data‚ output data and processing step to convert input data into output data. 1. Input Data: a. Loan Amount (P) b. Annual percentage rate of interest (r) c. Number of monthly payments (N). 2. Output data: Monthly Payment (M) 3. Processing: The output M can be obtained from the
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guy barking out‚ "Bad credit‚ no credit‚ no problem!" Or‚ "Don’t worry about credit‚ I own the bank!" Anytime some guy is telling you he owns the bank‚ run. Even though these lenders have been around for a while‚ signing your car over for a high-interest loan has become a serious financial issue. For those of you who are unfamiliar with the concept of car title loans‚ allow us to explain. At times‚ the best of us get strapped for cash; we may have no credit or bad credit (just like they say in
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What is the interest rate from your local bank for a car loan for four years? What will your payment be to your local bank‚ assuming your 10% down payment? Be sure to use the formula provided in Chapter 4 and show your work. How much will that car have cost in four
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