A bank has $ 4 7 million in full amortized consumer loans with an average maturity of

Fantastic news! We've Found the answer you've been seeking!

Question:

A bank has $

47

million in full amortized consumer loans with an average maturity of

50

months. The average at issue interest rate on the loans was

4.75 %,

but the current interest rate is

5.95 % .

What is the current market value of these loans to the nearest dollar?

Posted Date: May 19, 2024 01:01 AM

See More Questions

Suppose there are 50 companies in a commercial building. Initially there is no automatic fire sprinkler system in the public area of the building. Each company has identical individual demand curve...
Limonene, a major component of lemon oil, has the formula C10H16. (a) On reaction with excess H2 in the presence of Pt, limonene produces C10H20. What information does this provide about the...
The owner of Touring Inc., Mei Chang, is concerned about the financial management of her company. When she started up Touring Inc., a company that provides bus tours in Banff, Alberta, she hired...
Amortization of Discount Ortega Company issued five-year, 5% bonds with a face value of $50,000 on January 1, 2008. Interest is paid annually on December 31. The market rate of interest on this date...
Kelsey is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for merchandise for the next three months follow: Sales are 20% cash and 80% on credit. All...
5 1 A research team has gathered data for its specific research needs. The team now has Multiple Choice 0 1 : 0 9 : 5 5 secondary data. data recovery. data modeling. data mining. primary data.
Decker Company has five products in its inventory. Information about the December 31 2011 inventory follows. The selling cost for each product consists of a 15 percent sales commission. The normal...
National Cranberry Case: New Scenario For the National Cranberry Case, now assume that RP#1 begins work at 11am instead of 7am. In this scenario, the trucks still arrive at 7am and are permitted to...
Data Master is a computer software consulting company. Its three major functional areas are computer programming, information systems consulting, and software training. Cynthia Moore, a pricing...
During the spring of 2018, the government of A state announced new property taxes on land owned by non-A companies, such as B company. The new rules will take effect at the start of 2019, so B...
How does communication, both internal and external, impact employees' sense of commitment to their organization, and what communication strategies are most effective in strengthening this commitment?
The Lorain Division produces and sells a product to external and internal customers. Per-unit information about its operations include: Selling price per unit to external customers: $245 Variable...
Provide intuitive discussion of beta and its importance for measuring risk.
on 8 For the following set of lengths 130, 170, 160, 160, 150, 190 Third quartile is: et red d out of Select one: O a. 160 a question O b. 145 O c. 175 O d. 180
Horizontal analysis (Learning Objective 1) Prepare a horizontal analysis of the following comparative income statement of Enchanted Designs. Round percentage changes to the nearest one-tenth percent...
Trend analysis of working capital (Learning Objective 1) Compute the dollar amount of change and the percentage of change in Media Enterprises working capital each year during 2008 and 2009. Is this...
Compute trend percentages (Learning Objective 1) Compute trend percentages for Thousand Oaks Realtys net revenue and net income for the following five-year period using 2004 as the base year. Round...

A bank has $ 4 7 million in full amortized consumer loans with an average maturity of

Question:

Expert Answer:

Students also viewed these finance questions