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- The company has the opportunity to purchase production equipment on lease terms. The value of the equipment is EUR 12000. The lease term is 3 years. The first installment makes up 15% of the value, the interest rate is 5.5% per annum. Calculate leasing one the amount of the payments if the lease payments are made: (a) at the end of each quarter; b) at the beginning of each month. Compile a leasing payment scheme with a quarterly payments.A car can be purchased by paying $27 000 now or can be leased by paying $725 per month for the next four years, with the first payment due on the day of signing lease. What nominal rate of interest is charged on the lease?McGee Leasing leased a car to a customer. McGee will receive $300 a month,at the end of each month, for 36 months. Use the PV function in Excel® to calculate the asnwers to the following questions1. What is the present value of the lease if the annual interest rate in the lease is 18%?2. What is the present value of the lease if the car can likely be sold for $6,000 at the end ofthree years?
- A 25-year, quarterly amortizing, fixed rate hotel mortgage loan for $. 300 mi has a contract rate of 5%. Closing costs worth $. 75000 and 2 discount points are applied. What is the periodic payment on the loan? What is the total friction cost at origination? What is the APR?a car can be purchased by paying $27000 now or can be leased by paying $725/month for the next four years with the first payment due on the day of signing the lease. What nominal rate of interest is charged on the leaseA borrower has an GH¢8000 loan with the Unicredit Finance Company. The loan is tobe repaid over 4 years at j12 = 18%. The contract stipulates a penalty in case of earlyrepayment, equal to 3 months’ payments. Just after the 20th payment, the borrowerdetermines that his local bank would lend him the money at j12 = 13.5%. Should he refinance?
- A leasing contract calls for an immediate payment of $100,000 and nine subsequent $100,000semiannual payments at six month intervals. What is the PV of these payments if the annual discount rateis 8 percent? do not use excelA credit union is offering a $425,000 30 year loan with an annual rate of 4.1% with 1.4 points or 3.8% with 1.75 points. If a borrower chooses the second loan, how many months will it take to recoup the additional cost in points? Round your answer to the nearest month. ? Months.A luxury car can be leased for $679 per month for 36 months. Terms are first month’s lease payment, a $625 refundable security deposit, a consumer down payment of $3500, and an acquisition fee of $725 due at lease signing. Tax, license, title fees, and insurance extra. Option to purchase at lease end for $37,775 plus a fee of $350.Mileage charge of $0.20 per mile over 30,000 miles. Determine the interest rate (nominal and effective) for the lease. The MSRP is $64,025. You could buy the car for $58,000, if you arranged other financing.
- A leasing contract calls for an immediate payment of $109,000 and nine subsequent $109,000 semiannual payments at six-month intervals. What is the PV of these payments if the annual discount rate is 14%? (Do not round intermediate calculations. Round your answer to 2 decimal places.).A payday loan provides short-term loans ranging from $250 to $2,000. Assume the cost of the loan is $1.00 per day per $100 borrowed until the loan is repaid.What is the cost of a $950 payday two-week loan?$A vehicle can be purchased by paying $18,000 now, or it can be leased by paying $515 per month for the next three years, with the first payment due on the day of signing the lease. What nominal annual rate of interest compounded monthly is charged on the lease?