Loading
Home › Business Help › This is meant to be work of a personal nature, I will hav...
Status: Completed
 View Work

This is meant to be work of a personal nature, I will have to present as well as submit the work. I have already made up a scenario. Excel file containing amortization schedule and graph must be included. Upon graduation I intend to go into business with my father who sells construction equipment. He is currently in debt for the amount of $20,000 to his suppliers, due to a theft a few months ago. The supplier is willing to open a credit line on my name, but needs an $8,000 payment towards the previous debt. Once payment is made he will open the credit line to $30,000 and wants a monthly payment of $500 until repayment is complete. I estimated that I will need $12,000 to cover the suppliers initial payment and other expenses. I shopped around for bank loans (3yrs)and the best option of borrowing $12,000 as capital to start from a local bank at a compound annual interest rate of 6.2%. My other option was to borrow from my uncle who is in the same type of business and offered to help. He would lend me the money of the condition that I pay him back within the next two years at an interest rate that he would have earned by committing his money in a savings account but he wants it back in 18 months. The savings account charges an interest rate of .95%. Which is the best option?

Date Posted: 22/04/2015
Category: Business
Due Date: 24/04/2015
Instruction
This is meant to be work of a personal nature, I will have to present as well as submit the work. I have already made up a scenario. Excel file containing amortization schedule and graph must be included. Upon graduation I intend to go into business with my father who sells construction equipment. He is currently in debt for the amount of $20,000 to his suppliers, due to a theft a few months ago. The supplier is willing to open a credit line on my name, but needs an $8,000 payment towards the previous debt. Once payment is made he will open the credit line to $30,000 and wants a monthly payment of $500 until repayment is complete. I estimated that I will need $12,000 to cover the suppliers initial payment and other expenses. I shopped around for bank loans (3yrs)and the best option of borrowing $12,000 as capital to start from a local bank at a compound annual interest rate of 6.2%. My other option was to borrow from my uncle who is in the same type of business and offered to help. He would lend me the money of the condition that I pay him back within the next two years at an interest rate that he would have earned by committing his money in a savings account but he wants it back in 18 months. The savings account charges an interest rate of .95%. Which is the best option?
Attached
No File uploaded yet.
Tutor Uploads
No File uploaded yet.
Bidders
harvardtutor 11 years, 5 months ago
Rated 8.93 earned 38096.91 around 1156 assignments.
hi
$100.00
  • dear client, I have read and understood the instructions and I am confident that I will deliver a paper that meets your expectation. Kindly give me a chance to serve you and I will deliver you a quality paper that will be 100% original and free from plagiarism. I am waiting you to assign me so that I can start working on it and deliver it before the deadline. Thanks in advance as you consider my bid
    harvardtutor | Apr 22, 2015, 01:04 AM
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[0] $}

{$ showNewChatSuccessMsg[0] $}
Unable to send Message: {$ showChatProcessErrorMsg[0] $}
 
 
millwriter 11 years, 5 months ago
Rated 9.34 earned 15979.76 around 556 assignments.
Hello there, l would love working on your task at a pocket friendly price. Though l have a PHD in managerial accounting, l will guarantee you grade A. Regards.
$88.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[1] $}

{$ showNewChatSuccessMsg[1] $}
Unable to send Message: {$ showChatProcessErrorMsg[1] $}
 
 
genious 11 years, 5 months ago
Rated 8.48 earned 4442.00 around 174 assignments.
Hello friend, i am an experienced writer who works for the best interests of my clients, i guarantee you high quality grade A task. Kindly select my bid. Thanks.
$100.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[2] $}

{$ showNewChatSuccessMsg[2] $}
Unable to send Message: {$ showChatProcessErrorMsg[2] $}
 
 
homeworktutor 11 years, 5 months ago
Rated 9.05 earned 2810.00 around 133 assignments.
hello kindly select my bid, i guarantee an A paper
$60.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[3] $}

{$ showNewChatSuccessMsg[3] $}
Unable to send Message: {$ showChatProcessErrorMsg[3] $}
 
 
bishoplampz 11 years, 5 months ago
Rated 9.2 earned 29248.80 around 749 assignments.
Hello. I am finance graduate.Kindly allow me to take the assignment and I promise to deliver according to the given instructions. You can rest assured have checked on the assignment requirements and am well versed and competent to deliver on the field subject. I guarantee, plagiarism free and of timely delivery. Thanks in advance for your faith in me
$100.00
  • . I am a diligent academic researcher and writer able to write complex and urgent orders. I have a positive track record of regularly delivery punctual and high quality assignments for my customers. I have an in-depth understanding of this topic. In my last assignment I received an award due to the high quality of work that I did for the client. I will be able to do a thorough research for your assignment. I will maintain regular communication so that you may view the progress of your work.
    User_4523 | Apr 22, 2015, 03:20 AM
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[4] $}

{$ showNewChatSuccessMsg[4] $}
Unable to send Message: {$ showChatProcessErrorMsg[4] $}
 
 
realwriter20 11 years, 5 months ago
earned 75.00 around 1 assignments.
Hello kindly contact me at homeworkschool1993 at gmail dot com i will deliver quality work for you working with you directly with be my happiness thanks
$50.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[5] $}

{$ showNewChatSuccessMsg[5] $}
Unable to send Message: {$ showChatProcessErrorMsg[5] $}
 
 
TopnotchApluswriter 11 years, 5 months ago
Hello! Kindly accept my bid. I have over 10 years experience in academic writing. I will deliver a high quality paper which will be 100% original, long before deadline. Thank you!
$50.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[6] $}

{$ showNewChatSuccessMsg[6] $}
Unable to send Message: {$ showChatProcessErrorMsg[6] $}
 
 
Javawriter 11 years, 5 months ago
Rated 8.81 earned 69150.66 around 2092 assignments.
Hi,I am a versatile writer currently doing my PhD with over ten years experience in Academic work. I believe in helping the scholars to the best of my efforts with sincerity. I provide well researched, proper formatted work with NO PLAGIARISM I also have a great zeal in helping the students attain excellent grades. I keep a keen eye on instructions and adhere to the set time frame. kindly accept my offer for quality work and get best results A plus guaranteed .Thanks in advance
$100.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[7] $}

{$ showNewChatSuccessMsg[7] $}
Unable to send Message: {$ showChatProcessErrorMsg[7] $}
 
 
thebesttutor 11 years, 5 months ago
Rated 5.0 earned 316.00 around 15 assignments.
Hi! Kindly assign me this for a quality and on time work. A pass is guaranteed in this unit. Just give me the go ahead so that I can get down to business... yes just go ahead and assign me the work to begin working on it immediately. Trust me please and assign me this for a quality,well structured and plagiarism free work that shall earn you a top grade Just go ahead and assign me. Thank you
$98.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[8] $}

{$ showNewChatSuccessMsg[8] $}
Unable to send Message: {$ showChatProcessErrorMsg[8] $}
 
 
accountspro 11 years, 5 months ago
Rated 9.03 earned 41229.00 around 1104 assignments.
Hi, I can complete this project for you. I am competent with the subject. Thank you
$100.00
  • Did you read the assignment and feel you can deliver? FYI this will be part presentation and part paper to be submitted. So I will need the excel file (No hard coding unless necessary) that is used to make the amortization and graph. The numbers in the scenario can be changed if needed to make the scenario more realistic. Are you still able to deliver?
    User_6843 | Apr 22, 2015, 02:54 AM
  • Yes, I will deliver accordingly
    User_3964 | Apr 22, 2015, 03:05 AM
  • Hello accountspro! I am left holding the bag cause you have yet post the assignment which apparently you could deliver " you could deliver accordingly"
    User_6843 | Apr 25, 2015, 04:16 AM
  • I know and I'm sorry about that. The assignment is a bit trick but I'm uploading shortly.
    User_3964 | Apr 25, 2015, 11:09 AM
  • No need I had to wake up at 6am and put something together, which of course will reflect in my grade.
    User_6843 | Apr 25, 2015, 19:21 PM
  • Hey am almost done!!!!
    User_3964 | Apr 25, 2015, 19:33 PM
  • Sorry, I don't need it anymore. It's not like i can go back and retract what i submitted this morning.
    User_6843 | Apr 25, 2015, 20:36 PM
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[9] $}

{$ showNewChatSuccessMsg[9] $}
Unable to send Message: {$ showChatProcessErrorMsg[9] $}
 
 
GreatContentCreator 11 years, 5 months ago
Rated 9.34 earned 50723.58 around 1616 assignments.
I am an expert writer, with years of experience writing exemplary academic papers. Having read through the instructions I can assure you 100% plagiarism free and high quality work. As such I can assure that for exemplary work, I am the writer for you. Thank you
$100.00
  • {$ item.message_content $}
    {$ item.sender_username $} | {$ item.date_entered $}

{$ chatErrMsg[10] $}

{$ showNewChatSuccessMsg[10] $}
Unable to send Message: {$ showChatProcessErrorMsg[10] $}