COCO Inc. has a credit agreement which is revolving fund with its bank under which it can borrow up to Php10 million at an annual interest rate of 12 percent. The firm is required to maintain a 10 percent compensating balance on any funds borrowed under this agreement and to pay a 0.5 percent commitment fee on the unused portion of the credit line. Determine the annual financing cost to COCO Inc. of borrowing Php4 million. a. 13.3% b. 14.7% c. 14.2%

A company plans to make four annual deposits of $2,250 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $2,250 annual deposit are made at the end of each of the four years and interest is compounded annually. 2. The $2,250 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $2,250 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $2,250 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. Complete this question by entering…

Weathers Catering​ Supply, Inc., needs to borrow $145,000 for 6months. State Bank has offered to lend the funds at an annual rate of 8.6% subject to a 10.4% compensating balance. (​Note: Weathers currently maintains $0 on deposit in State​ Bank.) Frost Finance Co. has offered to lend the funds at an annual rate of 8.6% with​ discount-loan terms. The principal of both loans would be payable at maturity as a single sum.   a. State​ Bank's semi-annual rate is ? ​(Round to two decimal​ places.)   State​ Bank's effective annual rate is ? ​(Round to two decimal​ places.)   Frost​ Finance's semi-annual rate is ? (Round to two decimal​ places.)   Frost​ Finance's effective annual rate is ? ​(Round to two decimal​ places.)

Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2022. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. Reba and her daughter Heather (20 years old at the end of the year) moved to Georgia in January of this year. Reba provides more than one-half of Heather's support. They had been living in Colorado for the past 15 years, but ever since her divorce, Reba has been wanting to move back to Georgia to be closer to her family. Luckily, last December, a teaching position opened up and Reba and Heather decided to make the move. Reba paid a moving company $2,250 to move their personal belongings, and she and Heather spent two days driving the 1,600 miles to Georgia. Reba rented a home in…