This question from Hull's Options Futures and Other Derivatives text is really messing with my head. It's Example 4.2 on Pg. 78 of the 7th Edition. Goes like this:
"Suppose that a lender quotes the interest rate on loans as 8% per annum with continuous compounding, and that interest is actually...
I'm looking at buying a car and need around $2000. My mom would co-sign the loan because I have no credit. I would probably make the loan out for 36 months. What can I expect in interest and could I pay the loan off early if i wanted to?
I'm looking at buying a car and need around $2000. My mom would co-sign the loan because I have no credit. I would probably make the loan out for 36 months. What can I expect in interest and could I pay the loan off early if i wanted to?
disadvantages of such loans is:? A. the loan must be repaid in a short period of time.
B. the assets used as collateral are tied up until the loan has been repaid.
C. the loan is difficult to obtain.
D. commercial banks do not make such loans.
E. you ruin your credit rating.
Principal $45,000 Interest rate 6.5%
•How much interest would you have to pay if the loan was over ten years?
•How much would you pay back to the bank in total after the ten years?
I have a car which doesn't use it. If I can I would like to sell this car, but if I still pay the loan for this car, I can't sell this car in Australia?? Am not Australian, so I don't know about selling car here.But my country, usually can sell the car if it has loan, if car is sold, just I have...
Credit score in low 400's. Just moved back home about to start getting caught up on my debts. Looking for a 15,000 car loan. Parents will cosign. Their score is 810-830. Will I get approved through dealership or bank?
Effective interest rate: The Colonial Window Treatments Company is borrowing $1.5 million. The loan requires a 10 percent compensating balance, and the effective interest rate on the loan is 9.75 percent. The stated APR on this loan is %.
...much am i paying back? Im really stuck on my Uni maths coursework, I have to work out what the result and show my workings, but iv gotten so far and completely confused myself
Its a loan for 14000, over 6 years with a intrest of 8.5%
Help anyone on how i can do this a easy way!? :(
Thanks...
which is under construction till Dec 2010? I do know that the interest component of HL on a 2nd house can provides tax rebates without any cap to the amount, provided tax on rent (actual or notional) for this house is paid. But in a situation where the house is not ready till Dec-2010, and my...
If I had a loan of $30,000 and an interest rate of 15%, would I apply the interest as a fixed cost or the entire loan plus the interest as the fixed cost? First right answer will get an easy 10points!=) Thanks!!
NPR reports on the high cost of medical school, focusing on one student, Sarah Rosen. The interest rate on her school loans "shot up to eight and a half percent, almost twice the rate [her parents] are paying after refinancing their mortgage." "Tuition and fees at public medical schools...
NPR reports on the high cost of medical school, focusing on one student, Sarah Rosen. The interest rate on her school loans "shot up to eight and a half percent, almost twice the rate [her parents] are paying after refinancing their mortgage." "Tuition and fees at public medical schools...
MY sister is looking at getting a car, she is 20 and has credit since she turned 18 and never had a late. No big loans under her name so her credit is weak I guess.
But would she be able to get a Car loan for about 10k? She would put a 2k down payment so her loan would be about 8k. If...
i want to buy a car when i turn 18 and as it stands right now, i've held a steady job for 2 years and havn't missed or been late on any of my les schwab payments, which i;ve had for about a year and always have something going through it. i would want to finance a car that cost around 8k and...
Can i use personal loan amount in trading?
as i dont want to repay it now just to make use of it by making some profit and then repay it
can i use it in trading stocks?