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

Question

1 Approved Answer

After the July unrest that took place in 2021 , African Bank granted Brown Bread Spaza a loan to resume its operations. African Bank expected

image text in transcribed

After the July unrest that took place in 2021 , African Bank granted Brown Bread Spaza a loan to resume its operations. African Bank expected a pay out of R20 000 for the next eight years at an annual interest rate of 14%, compounded semi-annually. Calculate how much the borrower should invest today to be able to pay back the funder

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Campaign Finance

Campaign Finance

Authors: Robert E. Mutch

1st Edition

0190274697, 9780190274696

More Books

Students also viewed these Finance questions

Question

★★★★★
Describe some of the legal challenges faced in protecting Intellectual property and promoting innovation with emerging technology.

Answered: 1 week ago

Question

★★★★★
Element[2] is wrong answer. What is the Element[2]? Please answer to use the correct spacing. Please give answer to use the correct spacing. Please give answer to use the correct spacing. Please give...

Answered: 1 week ago

Question

★★★★★
Why is an operational definition necessary when reporting research findings? a. An operational definition allows others to replicate the procedure. b. An operational definition provides more context...

Answered: 1 week ago

Question

★★★★★
The unadjusted trial balance of Anniston Air Purification System at December 31, 2018, and the data needed for the adjustments follow. Adjustment data at December 31 follow: a. On December 15,...

Answered: 1 week ago

Question

★★★★★
After the July unrest that took place in 2021 , African Bank granted Brown Bread Spaza a loan to resume its operations. African Bank expected a pay out of R20 000 for the next eight years at an...

Answered: 1 week ago

Question

★★★★★
A partial listing of costs incurred during December at Rooks Corporation appears below: Factory supplies $ 12,000 Administrative wages and salaries $ 109,000 Direct materials $ 157,000 Sales staff...

Answered: 1 week ago

Question

★★★★★
On January 1, Jarel acquired 80 percent of the outstanding voting stock of Suarez for $260,000 cash consideration. The remaining 20 percent of Suarez had an acquisition-date fair value of $65,000. On...

Answered: 1 week ago

Question

★★★★★
You purchase a house that costs $625,000 with a 8%, 30-year mortgage. In order to avoid PMI insurance, you decide to follow a conforming mortgage by making a down payment of 20%. A.) What is your...

Answered: 1 week ago

Question

★★★★★
The computer lab at UC Riverside has a help desk to assist students working on computer spreadsheet assignments. The students patiently form a single line in front of the desk to wait for help....

Answered: 1 week ago

Question

★★★★★
Solve for x: 2(3x 1)2(x + 5) = 12

Answered: 1 week ago

Question

★★★★★
Based on the US system of units, match the formula to the correct units and/or dimensions Mass m lb-ft^2/s^2 Force F ft-lbf/s Energy E = F.x lb-ft/s13 Power P = E/t lb or slugs

Answered: 1 week ago

Question

★★★★★
6. Discuss the technologies that can be used to support transfer of training.

Answered: 1 week ago

Question

★★★★★
4. Create chief information officer and chief learning officer positions for cataloging and facilitating the exchange of information in the company.

Answered: 1 week ago

Question

★★★★★
4. Go to www.nwlink.com/~donclark/hrd/sat.html, Big Dogs ISD (Instructional System Design) page. This Web site is an excellent resource that describes all aspects of the Instructional System Design...

Answered: 1 week ago

Previous Question Next Question