Q1.

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.

Q2.

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.

Q3

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.

Q4

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

Q5.

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.

Q6.

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.

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