A major shippingcompany is planning to purchase new cargo ships. It wants to borrow $1100 million by issuing bonds. The bonds are for a 15-year period with at a rate of 9 percent per yearcompounded quarterly. Interest is to be paid each quarter to bondholders. How much will the company have to pay in quarterly interest? How much interest will it pay over the 12-year period?

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A: For the calculation of total amount,

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A: Given, a land developer declared a dividend of 10,000,000 for its common stock. Suppose there are…

Q: If Pat pays $15,334.65 for a $25,000 face-value, zero-coupon bond that matures in 8 years, what is…

A: Given-              F.V=$15,334.65              P.V=$25,000               n      = 1 year Where-…

Q: If you buy a computer directly from the manufacturer for $2,838 and agree to repay it in 36 equal…

A: Please refer to the image below

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Q: d. A reservation costs $25 and passengers who cannot be accommodated will receive $25 refund. How…

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A: Given query is to find the interest paid

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Q: In terms of paying less in​ interest, which is more economical for a ​$60,000 mortgage: a​ 30-year…

A: We need to identify which loan is more economical. Use the formula  PMT=Prn1-1+rn-nt    ...1

Q: John wants to retire with $10,000 per month, how much principal is necessary to generate this amount…

A: Use the formula I=Prt100, where P is principal, and r is the rate of interest, t is the time.,…

Q: If you can afford to make payments of $350 per month for four years. What is the largest amount of a…

A: Given Monthly payment(P)=$350Annual Percentage Rate(APR)=5%n=4 years=48  monthsNow use the…

Q: You inherit $28,000 from a very wealthy grandparent, with the stipulation that for the first year,…

A: Let x=amount invested at 4%       y=amount invested at 10%

Q: Ellen has maxed out her credit card at $11,500 and vows not to make any other credit card purchases.…

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Q: The major Airline is planning to purchase new airplanes. It wants to borrow $800 million by issuing…

A: Given Airline wants to borrow $800 million by issuing bonds. The bonds are for a 10-years period…

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A: Given that the following table lists several corporate bonds issued during a particular quarter:…

Q: A bank loaned out $600,000, a part of it at the rate of 12% per year and the rest at a rate of 6%…

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Q: The SUTA rate for Worldwide Industries is 5.4% and its FUTA rate is 6.2% less the 5.4% SUTA credit.…

A: the SUTA taxes for the payroll is=5.4%×$52,174=$2817.396the FUTA taxes for the payroll is…

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A:

Q: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

A: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

Q: Danny creates up an investment arrangement for friend that will return $5000 the first year,$6125…

A: See the attachment

Q: Find the current yield (as a %) of a bond whose coupon rate is listed as 6.875 and currently selling…

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Q: A loan of 28,900 is obtained for 5 months at 8 3/5 %. How much is the simple interest?

A: Given that : a loan of 28,900 is obtained for 5 months at 8 3/5 %. We find the simple interest.

Q: 2.Consider a student loan of $18,000 with an APR of 6% for 8 years. Find: a) the monthly payment;…

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Q: If $600 is borrowed and the interest after 24 months is $120, what is the annual interest rate for a…

A: Solution

Q: A loan officer at a bank has PhP1,000,000.00 to lend and is required to obtain an average return of…

A: Here we will find the required amount to lend by 16% rate,

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A: Given, Monthly rent = $ 5500  They spend $ 49,920 to upgrade the facility.  Here, cost of upgrade…

Q: Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average return…

A: Given, Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average…

Q: 4. A different car loan is advertised with a 3.25% APR for $23,000 a car. What is the monthly rate?

A: given that  there is a 3.25% APR for $23000 a car. total amount for a year will be…

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A:

Q: Consider a 30-year fixed-rate home loan of $525,500 with an interest rate of 3.75%. What is the…

A: We have to find the interest of given amount. The solution is following.

Q: The cost of a particular private school inclues a one-time initiation fee of $2,000, plus annual…

A: It is given that one-time initiation fee is $2,000 and annual tuition fee is $10,000.The initiation…

Q: Use the ordinary interest method to find the rate of interest that Valley Mountain Vineyards pays on…

A: Given information Principal amount P=$5,600 Time t=235 days ⇒t=235360 years Amount of interest…

Q: Janice paid the bank $1,200.00 interest for a 9-month loan at 3.35%, so how much did she borrow…

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Q: A bank in London, Ontario has a buying rate of CHF 1 = C$1.2973. If the exchange rate is CHF 1 =…

A:

Q: (a) Compared to the 10-year loan, each payment of the 5-year loan will be $ greater. (Round the…

A: We are given that $ 50,000 is borrowed at an annual interest of 6%  and that there are 4 interest…

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Q: A student loan of $50,000 at a fixed APR of 6% for 20 years has a monthly loan payment of $4,359.23,…

A: Given, A student loan of $50,000 at a fixed APR of 6% for 20 years has a monthly loan payment of…

Q: With a certain medical insurance​ policy, the customer must first pay an annual ​$100…

A: Do not forget to add $100 of policy.

Q: A $2000 Treasury bond with a coupon rate of 6.0% that has a market value of $1875

A:

Q: If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to…

A: Topic:- simple interest

Q: Sammy wants to buy a new stereo priced at $403. He enters into an agreement to pay $21 a month for…

A: Sammy wants to buy a new stereo priced at $403. He enters into an agreement to pay $21 a month for…

Q: 2. Sammy borrowed $10,000 to purchase a new car at an annual interest rate of 11%. She is to pay it…

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Q: Scott is taking out a mortgage for $258,000 to buy a new house and is deciding between the offers…

A: Given that, Scott is taking out a mortgage for $258,000 to buy a new house and is deciding between…

Q: If Arnold earns a salary of $18,564 a year and is paid biweekly, how much is his gross pay per…

A: Here is the solution

Q: Find the amount of interest paid on a loan of $2000 if it is repaid over three years at a simple…

A:

Q: 3.4.1 If you buy a computer directly from the manufacturer for $2500 and agree to repay it in 48…

A: Please see the attachment

Q: If you buy a computer directly from the manufacturer for $2,612 and agree to repay it in 48 equal…

A: