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We can loan up to $500 to El Paso occupants, in view of qualifying elements. On the off chance that endorsed, your credit will be expected on your next payday that falls in the vicinity of 10 and 31 days after you get your advance. Nitty gritty data with respect to expenses and reimbursement is accessible on our Rates and Terms page. As you consider whether an advance is proper for your prompt needs, you ought to likewise investigate other subsidizing alternatives. A payday credit is a genuine budgetary duty, and not an answer for long haul issues. Getting from a companion of relative may be a superior alternative.
Usually, for the discount rate (Bond Equivalent Yield or BEY), you would divide the 0.08 by 2, discount the cash flows and arrive at a present value. Since the investor wants an equivalent of 8% quarterly (not semi-annually) you need to use a semi-annual discount rate of (1 + 0.04/2)^2 - 1, or 0.0404 (4.04%). The present value is the sum of all cash flows discounted by 1.0404^n...i.e. Cash flow#n/1.0404^n Here are your cash flows (CF): CFs #1 - 19: 5,000(0.045/2) = $112.50 <semi-annual coupon CF#20: (coupon + par): 5,112.50 You can use a Present Value ordinary annuity formula and calculate the PV of just the 20 coupons, then add the PV of the $1,000 par paid 20 periods out - i.e. 1000/1.0404^20 = 452.89, and add the two together. PVoa = PMT [(1 - (1 / (1 + i)^n)) / i] =112.50[(1 - (1/1.0404^20))/0.0404 =112.50(13.5423) =$1,523.51 <PV of the 20 coupons Total of the two [PV of coupons + PV of par paid at maturity]: 1523.51 + 452.89 = $1,976.40 El Paso you can use a financial calculator or spreadsheet to discount all the cash flows... w/ my HP12c... =$1,976.40
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