isalybeaudion2205
22.04.2020 •
Business
TropiKana Inc., a U.S firm, has just borrowed euro 1,000,000 to make improvements to an Italian fruit plantation and processing plant. If the interest rate is 5.50% per year and the Euro depreciates against the dollar from $1.40/euro at the time the loan was made to $1.35/euro at the end of the first year, how much interest and principle will TropiKana pay at the end of the first year if they repay the entire loan plus interest (rounded)?
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Ответ:
Total amount borrowed = Euro 1000000
At the time of loan repayment $1.35/Euro
So Principle = 1000000 * 1.35 = $1350000
Interest = 1350000 * 0.055 = $74250
Principle+Interest = 1350000+74250 = $1424250
Ответ:
$ 165,998.41
Explanation:
The amount lease receivable is the present value of annual lease rental which is $30,259 per for 7 years.
The present value can be determined using the present value formula in excel given below:
=-pv(rate,nper,pmt,fv,type)
rate is the 9% rate of return per year
nper is the number of years the payment would be made which is 7
pmt is the regular lease payment per year which is $30.259
fv is the total payments payable by the leasee which is unknown
type is 1 since payment is received at the beginning of the year,it would have been zero if payments are expected end of the year
=-pv(9%,7,30259,0,1)=$165,998.41