Question: Suppose that when TMCC offered the security for 24 099 the
Suppose that when TMCC offered the security for $24,099, the U.S. Treasury had offered an essentially identical security. Do you think it would have had a higher or lower price? Why?
Relevant QuestionsThe TMCC security is bought and sold on the New York Stock Exchange. If you looked at the price today, do you think the price would exceed the $24,099 original price? Why? If you looked in the year 2019, do you think the ...At 6.5 percent interest, how long does it take to double your money? To quadruple it?You expect to receive $15,000 at graduation in two years. You plan on investing it at 11 percent until you have $85,000. How long will you wait from now?If you put up $45,000 today in exchange for a 6.25 percent, 15-year annuity, what will the annual cash flow be?Barcain Credit Corp. wants to earn an effective annual return on its consumer loans of 15 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential ...
Post your question