You are the Finance Manager for Andy & Co and have received the approval to borrow $200,000 with interest rate settled @5% p.a. The loan is for a period of 5 years. And to be repaid monthly. Calculate the repayment amount and total interest amount for the loan.
Andy & Co has also got a car loan of $25,000 for 3 years with interest rate settled @8% p.a. to be compounded quarterly. Calculate the accrued amount for the loan.
As on 31st May, 2016, Andy & Co’s loan account shows a balance of $5,100. The company made the minimum monthly payment of $100 for the month of June on 1st June. Calculate the interest amount accrued for June by considering the interest rate of 6% p.a.
Using the following information of Andy & Co, calculate the Annual Break Even Point (BEP).
- Capacity of manufacturing is 2000 units per month
- Fixed Cost per month is $50,000
- Selling price per unit is $100
- Variable cost per unit is $50
Using the information below calculate the depreciation amount per year for an equipment.
- Purchase price was $40,000.
- Salvage value is $10,000.
- Expected useful life is 5 years.
Using simple interest method, how much interest will you pay if you borrow $20,000 for 2 years at an interest rate of 5% p.a.
Click on Buy Solution and make payment. All prices shown above are in USD. Payment supported in all currencies. Price shown above includes the solution of all questions mentioned on this page. Please note that our prices are fixed (do not bargain).
After making payment, solution is available instantly.Solution is available either in Word or Excel format unless otherwise specified.
If your question is slightly different from the above question, please contact us at email@example.com with your version of question.