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shakeel asked:


The employee credit union at state university is planning the aoolcation of funds of the coming years,. the credit union makes four types of loans to its members. in addition, the credit union invests in risk free securities to stabilize income. the various revenue producing investments together with annual rates of return are:

Type of loan / investment Annual rate of return
1. Automobile loans 8%
2. Furniture loan 10%
3. Other secured loan 11%
4. Signature loans 12%
5. Risk free security 9%
\
The credit union will hav4e 2,000,000$ available for investment during coming year

Follwoing are the restrictions
- Risk free securities many not exceed 30% of the total funds available
- Signature loans may not exceed 10% of the funds invested in all loans
- Furniture loans plus other secured loans may not exceed the automobile loan
- other secured loans plus signature loans may not exceed the funds invested in risk free securities

How should the 2,000,000$ be allocated to each of the loan/investment alternatives to maximize total annual return?

rastafari_ganja_mon asked:


1. WERT Inc. needs short-term financing for the next 3 months. WERT has $600,000 average inventory level. ASDF Bank offers an inventory loan at 80 percent of the pledged inventory at 9 percent interest. There will be a $6,500 processing fee. In addition, there will be a 1.5% of inventory handling fee.
a. Find the loan amount
b. Find the compensating balance
c. Find the interest amount
d. Find the effective annual rate

Me asked:


You take out a short-term loan to furnish your
office. The interest rate is 4.25% compounded
once during the term of the loan, and you spend
$12,000. If the furniture vendor allows you to pay
in one lump sum at the end of two years, for how
much will you write the pay-off check?