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Caleb bought a car for 6900. He agreed on a five- year loan at a 5.4 interest rate. Calculate what Caleb and monthly payments will be.?
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Who discovered calculus?
Calculus was not discovered all at once like one might find a hidden treasure chest. However, it was first widely explored by Isaac Newton and a lesser known man by the name of Leibniz. They both had different views on the topic, but it's widely agreed that they are the two main "discoverers" of this field of math. Their work was also based off of centuries of exploration before their own birth, also. Newton's calculus was based more off of concrete mathematical fact, while Leibniz's ideas were more abstract and theoretical.
How does the put option values fall and rise while call options values rise and fall as the rerlevant stock prices rises?
The Payoff i.e. profit for a Call Option is St-X where St is the market price at time t and X is the exercise price. Assuming that it is an American Style option where it can be exercised at any time, If St is significantly greater than the exercise price,X, (the agreed price to buy an option at) then if the option holder exercises it immediately they will be 'in-the-money.' This means it has a high intrinsic value which causes a rise in value for the option. The Payoff for a Put Option is X-St where X=exercise price and St equals market price at time t. If the market price increases the gap between X and St (Payoff or Profit) reduces or if X<St then they will be making a loss. This will mean it will have a low intrinsic value (value if exercised immediately) therefore the value of the option will fall.
What is the difference between futures and forwards?
Forwards Contract:A forward contract is the simplest of the Derivative products. It is a mutual agreement between two parties, in which the buyer agrees to buy a quantity of an asset at a specific price from the seller at a future date. The Price of the contract does not change before delivery. These type of contracts are binding, which means both the buyer and seller must stay committed to the contract. This means they are bound to deliver or take delivery of the product on which the forward contract was agreed upon. Forwards contracts are very useful in hedging.Important Characteristics of Forwards Contracts:1. They are Over the counter (OTC) contracts2. Both the buyer and seller are bound by the contractual terms3. The Price remains fixedLimitations of Forwards contracts:1. Lack of centralized trading. Any two individuals can enter into a forwards contract2. Lack of Liquidity3. Counterparty risk - The case wherein either the buyer or seller does not honour his end of the contract.Futures Contract:A futures contract is an agreement to buy or sell an asset at a certain time in the future at a specific price. The Contractual terms of the futures contracts are very clear. The Futures market was designed to solve the shortcomings in the forwards contracts. Unlike forwards, futures are traded in organized exchanges. They also use a clearing house that provides the necessary protection to both the buyer and the seller. The price of the futures contract can change prior to delivery. Hence, both participants must settle daily price changes as per the contract values.An Example of a futures contract would be an agreement to 100 tonnes of Steel at Rs. 10000/- per tonne at some date say in December 2008. If no interim payments are made and if the price of Steel moves violently, a considerable credit risk could build up. To avoid this a margin system is used by the exchanges. As per the margin system, both parties must deposit a small sum with the exchange. This amount will be a small percentage of the total contract. This amount is called the initial margin. As the steel value changes, the contract value also changes. If the contract value changes, the margin must be topped up by an amount corresponding to the change in price of steel. The margin money is the property of the person who deposits it and would be returned to them if the contract gets cancelled/completed.Characteristics of Futures contract:1. They are traded in organized exchanges2. Credit risk is eliminated with the margin system. Both parties deposit a portion of the contract with the clearing house.3. Both the buyer and seller are bound by the contract terms and are expected to honour their end of the contract.
Explain the difference between forward contracts and futures contracts?
Forwards Contract: A forward contract is the simplest of the Derivative products. It is a mutual agreement between two parties, in which the buyer agrees to buy a quantity of an asset at a specific price from the seller at a future date. The Price of the contract does not change before delivery. These type of contracts are binding, which means both the buyer and seller must stay committed to the contract. This means they are bound to deliver or take delivery of the product on which the forward contract was agreed upon. Forwards contracts are very useful in hedging Futures Contract: A futures contract is an agreement to buy or sell an asset at a certain time in the future at a specific price. The Contractual terms of the futures contracts are very clear. The Futures market was designed to solve the shortcomings in the forwards contracts. Unlike forwards, futures are traded in organized exchanges. They also use a clearing house that provides the necessary protection to both the buyer and the seller. The price of the futures contract can change prior to delivery. Hence, both participants must settle daily price changes as per the contract values. Difference: Futures are traded in Organized Exchanges while Forwards are Over-The-Counter (OTC) traded
What are the similarities between a forward contract and afutures contract?
Forwards Contract: A forward contract is the simplest of the Derivative products. It is a mutual agreement between two parties, in which the buyer agrees to buy a quantity of an asset at a specific price from the seller at a future date. The Price of the contract does not change before delivery. These type of contracts are binding, which means both the buyer and seller must stay committed to the contract. This means they are bound to deliver or take delivery of the product on which the forward contract was agreed upon. Forwards contracts are very useful in hedging Futures Contract: A futures contract is an agreement to buy or sell an asset at a certain time in the future at a specific price. The Contractual terms of the futures contracts are very clear. The Futures market was designed to solve the shortcomings in the forwards contracts. Unlike forwards, futures are traded in organized exchanges. They also use a clearing house that provides the necessary protection to both the buyer and the seller. The price of the futures contract can change prior to delivery. Hence, both participants must settle daily price changes as per the contract values. Difference: Futures are traded in Organized Exchanges while Forwards are Over-The-Counter (OTC) traded
Caleb bought a car for $6,900. He agreed on a five- year loan at a 5.4% interest rate. Calculate what Caleb’s monthly payments will be?
$131.48
Can a creditor place a lien on your property if you and he have agreed to a monthly payment schedule and you are making the payments?
Yes, if you have agreed that the house will be used for collateral.
Interest Only ARM Calculator?
Interest Only ARM Calculator Interest only mortgages can provide you with very low monthly payments, however you are not paying off any principal during the interest only period. Use this calculator to examine an interest only mortgage.
Can a credit card company charge off an account when they are receiving monthly payments?
Yes, if the monthly payment is not the minimum amount agreed upon, a breach of contract has occurred on the part of the account holder and the creditor may take whatever action they decide is warranted.
If you are in default and the company has agreed to a monthly payment but won't submit it in writing can they still repossess the car?
If you do not make the payments agreed to in the contract, on time, the answer is yes. if they agree to accepting a payment get it in writing ,then you have them.otherwise your screwed they will lie and tell you anything to get the car If it ain't in writing it ain't no agreement.
Is there a way to keep your refund if a payment plan is in effect Went through bankruptcy and making agreed monthly payments Can they still take my refund Can I request it back?
The State can and will take your refund as long as there is a balance owed.
What is conventional interest?
interest rate agreed upon by both parties
How do credit card payments work?
When you use a credit card to purchase something, you are making yourself a loan through the credit card company. You have to pay the company back for this loan at the terms you have agreed to when you signed the application for the card. If you make a payment in full when you receive your monthly bill, there will be no additional amount due, no interest, and usually no handling fee. When you make a partial payment, whether it is the minimum due, or a larger amount, the company will charge interest, and perhaps a monthly fee, which will be added to the next monthly bill. As long as the amount you pay is less than the amount due, you will continue to be charged interest every month, based on the balance remaining. If you pay the entire amount due at the end of the month, there will be no new interest charges. There might be a small amount of interest on the previous balance. Often, if you call the company and point out that you paid the previous bill in full, they might waive the final interest due.
You sold a car in a private party sale in which the buyer agreed via written contract to make monthly payments and they now owe 380 and are 4 months behind-how do you repossess in Texas?
You locate the car and remove it from the possession of the default debtor.
How do interest-only loans work?
An interest only loan is one of the options for people looking for a mortgage to buy their own home. This type of loan means the borrower usually pays a lower monthly amount and it's useful for someone that might have a variable monthly income. The principal, or amount initially borrowed still has to be paid back at the end of the loan period however. Interest is paid as an agreed percentage of the principal (the amount borrowed).
Can you repossess a car from your ex if they are not making the agreed upon payments?
i think so:D
How do I get my car back that I sold to a friend and they have not paid the agreed monthly payment. they havent paid any payments in 3 months.?
Hopefully you did not sign the title over until it was to be paid for. If you did not sign over the title the car is legally yours. If you did, consult a lawyer.
