Repurchase agreements typically have a maturity of A) 1 - 14 days B) 7 - 21 days C) 30 - 60 days D) 90 - 120 days E) 90 - 270 days
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Repurchase agreements typically have a maturity of
A) 1 - 14 days
B) 7 - 21 days
C) 30 - 60 days
D) 90 - 120 days
E) 90 - 270 days
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- The loans which are to be repaid within a short period (a year or less) are referred to as: O a. Fixed liabilities O b. Long-term liabilities O c. Contingent liabilities O d. Current LiabilitiesObligations payable within one year or one operating cycle, whichever is longer, are; Select one: a. Long-term Liabilities b. Short-term investments c. Long-term Note Payable d. Current LiabilitiesPrepare a duration table under the following assumptions a. $100,000 fully amortizing loan b. Annual payments c. 20-year amortization d. 7% stated rate e. 7% yield
- A short-term note payable is a written promise to pay a specified amount on a definite future date within one year or the operating cycle, whichever is longer. O True O FalseA loan is to be amortized by n level annual payments of X where n > 5. You are given (1) The amount of interest in the first payment is 604.00 (2) The amount of interest in the third payment is 593.75 (3) The amount of interest in the fifth payment is 582.45 Calculate X.A lessee has developed the following information regarding a lease contract, with payments due at the beginning of the period. Use this information to determine the amount at which the lease obligation will initially be recorded. Description Amount Present value Present value of total of annuity due amount Annual lease $4,500 S16.528 S14,258 payment Discount rate 6% Number of periods 4 Purchase option $300 S238 Group of answer choices: 18,000 14,495 16,528 14,258 18,300 16,766
- Which of the following statement is true of amortization? The computation of loan amortization is wholly based on the computation of simple interest. Amortization solely refers to the total value to be paid by the borrower at the end of maturity. The amortization schedule represents only the interest portion of the loan. The amortization schedule provides principal, interest, and unpaid principal balance for each month. In a typical loan amortization schedule: The amount of money paid towards reducing the loan balance decreases over time. The amount of interest paid each period does not remain constant. The amount of each payment does not remain constant. The amount of interest paid each period increases over time.Consider a loan of $7700 at 6.8% compounded semiannually, with 18 semiannual payments. Find the following. (a) the payment necessary to amortize the loan (b) the total payments and the total amount of interest paid based on the calculated semiannual payments (c) the total payments and total amount of interest paid based upon an amortization table. (a) The semiannual payment needed to amortize this loan is $ (Round to the nearest cent as needed.) (b) The total amount of the payments is $ (Round to the nearest cent as needed.) The total amount of interest paid is $. (Round to the nearest cent as needed.) (c) The total payment for this loan from the amortization table is $ (Round to the nearest cent as needed.) The total interest from the amortization table is $ (Round to the nearest cent as needed.)An amortization of a debt is in a form of a gradient series of P10,000 on the first year, P9,500 on the second year, P9,000 on the third year, P8,500 on the fourth year. Determine the future amount of the amortization if interest is 0.12.
- A Forward Rate Agreement contains an agreed interest rate of 5.75% on a 6-month loan. If settled at the time of borrowing, what amount would the borrower pay or receive on an $850,000 loan if the prevailing 6-month interest rate is 4.25%? $11,500.76 receipt $12.056.74 receipt $12,056.74 payment $12.230.22 payment O$12.230.22 receipt $11.500.76 paymentPrepare a duration table under the following assumptions a. $100,000 balloon loan b. Annual payments c.5-year balloon d. 20-year amortization e. 7% stated rate f. 9% yieldPrepare a duration table under the following assumptions a. $100,000 balloon loan b. Annual payments c. 5-year balloon d. 20-year amortization e. 7% stated rate f. 9% yield