Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 14, 2024

A loan of $12,190 was repaid at the end of 6 months. What size repayment check (principal and interest) was written, if an 11.3% annual

image text in transcribed

A loan of $12,190 was repaid at the end of 6 months. What size repayment check (principal and interest) was written, if an 11.3% annual rate of interest was charged? The amount of the repayment check was $1(Round to two decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Financial Management Theory And Practice

Authors: Eugene F. Brigham, Michael C. Ehrhardt

10th Edition

0030329922, 9780030329920

More Books

Students also viewed these Finance questions

Question

★★★★★

(a) Calculate the work done in expanding a 2-mm-thick spherical shell from a diameter of 100 mm to 140 mm, where the shell is made of a material for which = 200 + 50e0.5 MPa. (b) Does your answer...

Answered: 1 week ago

Question

★★★★★

What factors are important in determining the length of the imitation lag and the length of the demand lag? Explain.

Answered: 1 week ago

Question

★★★★★

3. Invite parents to school for an evening of strategy learning. Have the students teach their family members one of the strategies they have learned in school.

Answered: 1 week ago

Question

★★★★★

Purchasing Survey asked purchasing professionals what sales traits impressed them most in a sales representative. Seventy-eight percent selected "thoroughness." Forty percent responded "knowledge of...

Answered: 1 week ago

Question

★★★★★

HtDF Lab, Problem PROBLEM: Design a function called nth-char-equal? that consumes two strings than n and have the same character at position n. ;;and a natural and produces true if the strings both...

Answered: 1 week ago

Question

★★★★★

CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 2016 Assets Cash $ 91,100 $ 22,900 Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum....

Answered: 1 week ago

Question

★★★★★

QuestionIV (17 marks). (4) Determine the steady-state surface temperature of an electric cable, 25 cm in diameter, which is suspended horizontally in still air in which heat is dissipated by the...

Answered: 1 week ago

Question

★★★★★

1. How can you assess if you are engaging in ethical communication? 2. What experiences have you had with cross-cultural communications? Please share at least one experience when this has gone well...

Answered: 1 week ago

Question

★★★★★

Input values to the quiz 3.5 1.5 0.8 Solve the problem below and enter answers in first row above. Do NOT enter units or any other tex A simply supported beam carrying a triangular distributed load...

Answered: 1 week ago

Question

★★★★★

Consider a plate of 2.4 m x 3.0 m shown below. First, find the temperature distribution at the interior nodes using a square grid with a length of 0.1 m and a relative error of 1E-6 for the case in...

Answered: 1 week ago

Question

★★★★★

I. What is business analysis? and how it is helpful for organizations? II. What does enterprise content management involve? III. What is business process management? IV. Outline the key benefits of...

Answered: 1 week ago

Question

★★★★★

=+13 Check that your overall direction follows the creative brief so your concept, strategy, message, and tone are all on-strategy and in line with the key marketing objective.

Answered: 1 week ago

Question

★★★★★

=+f. Audience Engagement encourage consumer participation.

Answered: 1 week ago

Question

★★★★★

=+d. Emotional Approach appeal to consumers' emotions.

Answered: 1 week ago

Previous Question Next Question