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

Question

1 Approved Answer

Angela's bank gave her a 4 year add-on interest loan for 56.640 to pay for new equipment for her as restoration business. The annual interest

image text in transcribed
Angela's bank gave her a 4 year add-on interest loan for 56.640 to pay for new equipment for her as restoration business. The annual interest rate is 935% How much interest will she pay? What are her monthly payments She will pay sin interest on the loan (Round to the nearest cent) Her monthly payments are Rinnare

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

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

Recommended Textbook for

Finance And Sustainable Development

Finance And Sustainable Development

Authors: Magdalena Ziolo

1st Edition

0367819767, 978-0367819767

More Books

Students also viewed these Finance questions

Question

★★★★★
Will the Kindle revolutionize the book industry? Why or why not?

Answered: 1 week ago

Question

★★★★★
The average UK household has about 4,000 of garments hanging in the wardrobe. Approximately 30 per cent of this clothing has not been worn for over a year, mostly due to the fact that it no longer...

Answered: 1 week ago

Question

★★★★★
Aaron Woody recently opened his own accounting firm, which he operates as a corporation. The name of the new entity is Aaron Woody, CPA. Woody experienced the following events during the organizing...

Answered: 1 week ago

Question

★★★★★
A local entrepreneur asks you to invest $10,000 in a business venture. Based on your estimates, you would receive nothing for 3 years, at the end of year 4 you would receive $3,605, and at the end of...

Answered: 1 week ago

Question

★★★★★
point) Suppose that Fred and George plan to produce 1.7 million Skiving Snackboxes this year. Weasleys' Wizard Wheezes expects to sell 1.5 million. At the end of the year, they sold 1.3 million. What...

Answered: 1 week ago

Question

★★★★★
From the following data prepare a statement of cost of goods manufactured and cost of goods sold of Popular Stoves Manufacturing Co. for the year 2011: Rs. Stock of materials on 1-1-201135,000 Stock...

Answered: 1 week ago

Question

★★★★★
Reflect on your learning experience and course resources and answering the following. Note that this is not a research project and would expect either your personal thoughts or SYST 3 0 0 2...

Answered: 1 week ago

Question

★★★★★
1. What does your company produce? 2. Analyze the trends in sales, cost of goods sold, gross profit, and operating income for your manufacturing company. Prepare a trend analysis for percentage...

Answered: 1 week ago

Question

★★★★★
1. Find and describe a real-world example of a method for enhancing the bond strength between different phases of a composite. Include the materials system, the details of the technique being used...

Answered: 1 week ago

Question

★★★★★
Ria Company manufactures quality wooden furniture sets. A job order from Ebie Randall Company of Ohio, USA, for 5 sets of furniture was received. The cost information related to this order as at year...

Answered: 1 week ago

Question

★★★★★
3. A good source for seeing the subtle differences between legal and illegal job interview questions is at the following job Web site: www.jobweb.com/Interview...

Answered: 1 week ago

Question

★★★★★
6. Conduct an in-depth information-gathering interview, and write a four-to fivepage report in which you summarize the information you received. Then comment on what you learned about the interview...

Answered: 1 week ago

Question

★★★★★
4. Assess your goals for employment, and then design (or revise) a rsum for the job that interests you the most. Use the guidelines in this chapter to make it clear and action-oriented. Prepare...

Answered: 1 week ago

Previous Question Next Question