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

Question

00
1 Approved Answer

A debts of $ 4 0 0 0 bears interest at 1 2 % compounded semi - annually. It is to be repaid by semi

A debts of $4000 bears interest at 12% compounded semi-annually. It is to be repaid by semi-annual repayments of $400. Find the number of full payments required, the value of the 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

=+ (c) Let A,(i) ,..., i;) consist of the numbers in the unit interval in whose base-r expansions the digits i1 ,..., i, nowhere appear consecutively in that order. Show that it is trifling. What...

Answered: 1 week ago

Question

★★★★★
a. Prepare the journal entry to record Tamasine Companys issuance of 5,000 shares of $100 par value 7% cumulative preferred stock for $ 102 cash per share. b. Assuming the facts in part 1, if...

Answered: 1 week ago

Question

★★★★★
Coronado Auto has developed the following production plan for its new auto put January February March April Budgeted production (units) 11,550 8,550 9,190 12.000 Each unit contains 3 pounds of raw...

Answered: 1 week ago

Question

★★★★★
Provide an article on consumer behavior in I/O Psychology. Please Cite What are three notable insights from the article you read about human factors or consumer behavior in the field of I/O...

Answered: 1 week ago

Question

★★★★★
The form of energy processed by vision is ______________. Question 20Answer a. Sound waves b. Light waves c. Chemical signals d. Electric impulses

Answered: 1 week ago

Question

★★★★★
This is based on the plastic straw articles below. Be sure to base your analysis on the snippets provided. Be specific in the analysis, especially for the industries and the stakeholders. Based on...

Answered: 1 week ago

Question

★★★★★
Supply chain manager proposes two altenatives 4 week lead time reduction by workign with alternative supplier or Reducing the number of DCs 10 reduction in number of DCs a. Which alternative do you...

Answered: 1 week ago

Question

★★★★★
A lab technician wants to measure the terminal voltage of a battery connected to a load resistor R-2 Q. The battery has r 0.50 internal resistance and emf e-5V. The lab technician being amateur...

Answered: 1 week ago

Question

★★★★★
Julia mark and Peter own a rental property as tenants in common. Julia owns a 40% share, mark owns a 35% share and Peter owns the remaining 25%. the property generates $2000 in rental income for the...

Answered: 1 week ago

Previous Question Next Question