Jill Kramer borrowed $25,000 to pay for a startup business. Jill must repay the loan at the
Question:
a. What is the total amount that Jill must repay in five months?
b. How much interest does Jill repay?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (18 reviews)
a Pay back 2500...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Finance questions
-
How much should you be willing to pay for a lump sum of $10,000 five years from now if you can earn 3% every 6 months on other similar investments?
-
How much would you have to pay for a U.S. government bond ($1,000 maturity value) scheduled to mature in November 2015 and quoted at 147:27 "asked"? The coupon rate on the bond is 9 percent.
-
What would you be willing to pay for a $1,000 bond paying $70 interest at the end of each year and maturing in 25 years if you wanted the bond to yield the following rates of return? a. 5 percent b....
-
Explain why a production quota is inefficient.
-
Find the quantile function for the distribution in Example 3.3.1.
-
Assume that an 80 percent investor of Sub Company acquires an additional 10 percent interest in Sub halfway through the current fiscal period. Explain the effect of the 10 percent acquisition by the...
-
The following extracts have been taken from the subsidiary books of the business owned by D Jenkinson for the month of April 19X0. It should be noted that the balances in the accounts of D Jenkinsons...
-
Flowers Associates is evaluating the performance of three divisions: Daisies, Pansies, and Tulips. Using the data that follow, compute the return on investment and residual income for each division,...
-
An incomplete cost of goods manufactured schedule is presented below. RAMOS MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2014 Work in process (1/1)...
-
Harvey Caseman died on July 15, 20X1. At the time of his death, he owned the assets listed in the table below. Over the years Caseman has claimed capital cost allowance on the building. Its...
-
Distinguish between bank discount and simple interest.
-
A financial institution quotes a rate of 6.45 percent compounded monthly. What is the effective rate for the year?
-
The Wall Street Journals website, www.wsj.com, reported the number of cars and light duty trucks sold by the eight largest automakers in the first 2 months of 2013. Compare the 2013 data to the first...
-
Q 20.28. In an efficient market, when should the stock price react to the value consequences of a dividend change? Discuss the effect both on the total return and on the capital gain. Which should be...
-
A tennis ball is thrown straight up in the air. It bounces to a maximum height of 8 feet on the first bounce. The maximum height of subsequent bounces is 80% of the maximum height of the previous...
-
a.how to calculate the break-even point in units b.how to calculate the variable cost per unit c.how to calculate the variable product cost per unit d.how to calculate the contribution margin per...
-
Tangent Inc. purchased the following two intangible assets during the year. 1. A patent was purchased on March 31 for $30,000 when the remaining legal life (also its useful life) was 15 years. 2. On...
-
Located in the Arctic Ocean between Russia and the United States, bones of the extinct woolly mammoth were found on Wrangel Island and the nearby St. Paul Island. It is estimated that mammoths were...
-
In AHDL, how are tristate outputs implemented?
-
A summary of changes in Pen Corporation's Investment in Sam account from January 1, 2011, to December 31, 2013, follows (in thousands): ADDITIONAL INFORMATION 1. Pen acquired its 80 percent interest...
-
Consider again the viscometric flow of Example 5.7. Evaluate the average rate of rotation of a pair of perpendicular line segments oriented at \(\pm 45^{\circ}\) from the \(x\) axis. Show that this...
-
Describe the basic venture capital (VC) method for estimating a ventures value.
-
How does a present value venture valuation pie differ from a future value venture valuation pie?
-
What is meant by pre-money valuation? What is post-money valuation?
-
The plan assets set aside by the employer are a key element in Multiple choice question. a defined benefit pension plan. a defined contribution pension plan
-
P&P Skateboards had net sales of $2,600,000, its cost of goods sold was $1,700,000, and its net income was $800,000. Its gross margin ratio equals: OOOOO 20 47%. 35%. 31%. 65%. 153%.
-
Federal grantees that accept funds are restricted from using those funds for lobbying and legislative liaison activity. Group of answer choices True False
Study smarter with the SolutionInn App