FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3 ) a loan of 1 3 9 , 0 0 0 is repaid of $ 1 9 0 0 at the beginning of month.

3) a loan of 139,000 is repaid of $1900 at the beginning of month. Interest is 5.64% compounded monthly. How many payment are required to repay the debt? What is size of final payment?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

=+5.19. 2.181 For integers m and primes p, let @ (m) be the exact power of p in the prime factorization of m: m = II ,pap(m). Let 8 (m) be 1 or 0 as p divides m or not. Under each P ,, (see (2.34))...

Answered: 1 week ago

Question

★★★★★
Joe Truman, a retired army officer, opened Truman?s Catering Service. As his accountant, analyze the transactions listed next and present them in proper form. 1. The analysis of the transactions by...

Answered: 1 week ago

Question

★★★★★
You are considering making a movie. The movie is expected to cost $ 1 0 . 1 million up front and take a year to produce. After that, it is expected to make $ 4 . 7 million in the year it is released...

Answered: 1 week ago

Question

★★★★★
The following selected account balances were taken from Tyson Company's balance sheets for 2028: January 1 Inventory $14,000 Salaries payable $22,000 Accounts receivable $36,000 Retained earnings...

Answered: 1 week ago

Question

★★★★★
ENTS 2015 99. The probability that a senior HS student in NJ is enrolled in an AP class is 0.32. Sarah randomly selects 6 seniors from NJ. Let X = number of seniors that are enrolled in AP classes....

Answered: 1 week ago

Question

★★★★★
Noguchi Company manufactures cooling systems. Noguchi produces all the parts necessary for its product except for one electronic component, which is purchased from two local suppliers: Manzer Inc....

Answered: 1 week ago

Question

★★★★★
Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing losses on its bilge pump product line for several years. The most recent quarterly contribution...

Answered: 1 week ago

Question

★★★★★
Kelly Corporation had these transactions during 2017 (2pts.). Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity....

Answered: 1 week ago

Question

★★★★★
Is technology indeed making processes such as damage assessment more comprehensive and safer for responders? Discuss.

Answered: 1 week ago

Previous Question Next Question