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Payday advance types of loans usually require the entire amount to be repaid on the next pay period. No credit or faxing needed for loans under $1000. Bad credit OK! Instant Decision; you can start today and have the cash you need quickly
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We can loan up to $500 to Galena Park 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.
Question from a practice exam: Chicago Co. is interested in purchasing a machine that would improve its operational efficiency. The cost is $200,000 with an estimated residual value of $20,000 and a useful life of eight years. Cash inflows are expected to increase by $40,000 a year. The company's minimum rate of return is 10 percent. The present value of $1 for eight years at 10 percent is 0.467, and the present value of an annuity of $1 at 10 percent and eight years is 5.335. You are asked what the rate of return will be with this choices: A) Unable to determine from the data given B) less than 10% C) greater than 10% D) 10% Rate of return isn't covered in this aspect in my book. Any suggestions on what to do to figure this out?
You can find rate of return with Galena Park Excel rate formula, if you do not have access to Galena Park Excel then this online Galena Park Excel RATE calculator will do the same in the following data NPER (number of periods) = 8 PV (present value) = 200000 PMT (payment) = -40000 FV (future value) = 20000 It calculates the rate as RATE = 12.93% You can also attempt to find internal rate of return, the IRR is the rate at which NPV is zero. This online calculator helps you find IRR when you type in net cash flows as I have done below -200000 40000 40000 40000 40000 40000 40000 40000 60000 IRR = 12.93% Hope this helps
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Calc NPV of the investment, using the 10% required rate of return. If NPV is positive, the rate of return is in excess of 10%, if negative it's less than 10%, if $0 it's exactly 10%.