Question: Consider a 15 000 loan with interest at 12 percent
Consider a $ 15,000 loan with interest at 12 percent compounded monthly and 24 monthly payments. How much will the loan payment be? Set up an amortization schedule for the first four months, indicating the amount and timing of principal and interest payments.
Answer to relevant QuestionsWhat is the bond equivalent yield of a 180- day, $ 1 million face value Treasury bill with a discount rate of 4.5 percent? What is the effective interest rate of 10 percent compounded quarterly, versus 10 percent compounded monthly? List the basic steps in static GAP analysis. What is the objective of each? Suppose that your bank buys a T- bill yielding 4 percent that matures in six months and finances the purchase with a three month time deposit paying 3 percent. The purchase price of the T- bill is $ 3 million financed with a ...Discuss what impact each of the following will have, in general, on EVE sensitivity to a change in interest rates. Consider two cases where rates rise sharply and fall sharply. a. Bank owns a high percentage of assets in ...
Post your question