Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 19, 2024

A small entrepreneur needs a loan of 40 000 for an investment. The loan period is 2 years and the payments are made semi-annually. The

A small entrepreneur needs a loan of 40 000 for an investment. The loan period is 2 years and the payments are made semi-annually. The loan has fixed principal payment and the interest rate is 10.6 % p.a. Calculate the last payment.

Round the figure so, that the answer has 2 decimals. Enter a plain number without -sign and use decimal point (.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

Verify and validate the functional model by ensuring the consistency of the behavioral model representations: activity diagrams, sequence diagrams, a CRUDE matrix, and behavioral state machines.

Answered: 1 week ago

Question

★★★★★

Mosaic Company applies overhead using machine hours and reports the following information. Compute the total variable overhead cost variance. Actual machine hours used . . . . . . . . . . . . . . . ....

Answered: 1 week ago

Question

★★★★★

How does the Discriminant Analysis Model help to mitigate credit risk as it relates to WaMu Bank?

Answered: 1 week ago

Question

★★★★★

What is the company's operating profit using variable costing and absorption costing? Operating profit is $271,000 using variable costing and $271,000 using absorption costing. Operating profit is...

Answered: 1 week ago

Question

★★★★★

27. Question 27 The newest recruits of Adventure Works sit eagerly in the training room. As the company's chief data analyst, you're tasked with introducing them to the company's data-driven culture....

Answered: 1 week ago

Question

★★★★★

1. Wembley Marketing Ltd. v. ITEX Corp. , 2008 CanLII 67425 (ON SC) Wembley claimed it did not receive goods and services from ITEX for which it had paid. ITEX argued that the action should not...

Answered: 1 week ago

Question

★★★★★

4.- In a print run of 2500 books, it is estimated that the probability of having a badly bound book is 0.01%. Calculate the probability that the print run has two books with bad bindings. What is the...

Answered: 1 week ago

Question

★★★★★

Why does Barcelona COO Scott require managerial candidates write an essay about their experiences on the stage two "shop?" to determine the candidate's experience working with others to determine the...

Answered: 1 week ago

Question

★★★★★

Number 1 and 2 show all work please ? 1) Based on the graph below estimate the instantaneous velocity at the following times: (a) 1.0 s; (b) 2.5 s; (c) 3.5 s; (d) 4.5 s; (e) 5.0 s; x (m) 15 10 5 0 t...

Answered: 1 week ago

Previous Question Next Question