Question

BCD
Loans is a payday loan company that offers quick, short-term loans
using the borrower’s future paychecks as collateral. BCD Loans
charges $20 for each $100 loaned for a term of 14 days. Find the
APR charged by BCD Loans. Round your answer to the nearest
hundredth of a percent.

Answer #1

Sarcosuchus Corporation offers very short-term loans to
applicants with low credit ratings. They charge an interest rate of
0.03333 percent per hour. a. If you borrow $100 from Sarcosuchus,
how much will you owe in one week? b. If you borrow $100 from
Sarcosuchus, how much will you owe in one month (30 days)? c. What
annual rate is Sarcosuchus charging? Hint: Convert the simple
hourly rate of 0.03333 percent into simple annual rate.
Treasury bills are short-term government bonds,...

First American Bank is planning to make a $20 million short-term
loan to Midwest Mining Company. In the loan contract, Midwest
agrees to pay the principal and an interest of 12 percent (annual)
at the end of 180 days. Since First American sells more 90-day CDs
(Certificates of Deposits) than 180-day CDs, it is planning to
finance the loan by selling a 90-day CD now at the prevailing LIBOR
of 8.25 percent (compounded annually), then 90 days later
(mid-September) sell...

First American Bank is planning to make a $20 million short-term
loan to Midwest Mining Company. In the loan contract, Midwest
agrees to pay the principal and an interest of 12 percent (annual)
at the end of 180 days. Since First American sells more 90-day CDs
(Certificates of Deposits) than 180-day CDs, it is planning to
finance the loan by selling a 90-day CD now at the prevailing LIBOR
of 8.25 percent (compounded annually), then 90 days later
(mid-September) sell...

What role could the governance of ethics have played
if it had been in existence in the organization? Assess the
leadership of Enron from an ethical perspective.
THE FALL OF ENRON: A STAKEHOLDER FAILURE
Once upon a time, there was a gleaming headquarters
office tower in Houston, with a giant tilted "£"' in front, slowly
revolving in the Texas sun. The Enron Corporation, which once
ranked among the top Fortune 500 companies, collapsed in 2001 under
a mountain of debt...

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