1 a firm has decided to borrow 500000 on a 10 add-on basis, Ask an Expert

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1. A firm has decided to borrow $500,000 on a 10% add-on basis, payable in 6 end-of- month installments. What would the nominal annual rate on the loan be?

2. Annuity A offer quarterly payments of $2,500 for five years and pay 0.75 percent interest per month. (Payments starting at the beginning of each year) What is the Present Value of Annuity A?

3. A home recently sold in my neighborhood with the following data: current sale price $1,685,000-july 2015. Previous sale $60,500-july 1970. What is the annual return?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92758398

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