{
    "key_pair_value_system": true,
    "answer_rating_count": "",
    "question_feedback_html": {
        "html_star": "",
        "html_star_feedback": ""
    },
    "answer_average_rating_value": "",
    "answer_date_js": "2024-06-07T07:23:32-04:00",
    "answer_date": "2024-06-07 07:23:32",
    "is_docs_available": "",
    "is_excel_available": "",
    "is_pdf_available": "",
    "count_file_available": 0,
    "main_page": "student_question_view",
    "question_id": "2410460",
    "url": "\/study-help\/questions\/loan-amortization-ending-balance-4-if-you-borrowed-7500-2410460",
    "question_creation_date_js": "2024-06-07T07:23:32-04:00",
    "question_creation_date": "Jun 07, 2024 07:23 AM",
    "meta_title": "[Solved] Loan amortization - ending balance 4. If | SolutionInn",
    "meta_description": "Answer of - Loan amortization - ending balance 4. If you borrowed $7,500 at a rate of 4% and must repay it in 3 equal installments | SolutionInn",
    "meta_keywords": "loan,amortization,-,ending,balance,4,borrowed,$7,500,rate,4%,repay,3",
    "question_title_h1": "Loan amortization - ending balance 4. If you borrowed $7,500 at a rate of 4% and must repay it in 3 equal installments at the",
    "question_title": "Loan amortization - ending balance 4. If you borrowed $7,500 at a",
    "question_title_for_js_snippet": "Loan amortization   ending balance 4  If you borrowed $7,500 at a rate of 4  and must repay it in 3 equal installments at the end of each of the next 3 years  How much would you still owe at the end of the second year, after you have made the second payment  a  $2,233 50 b  $2,598 67 c  $2,855 33 d  $3,000 00 e  $3,225 22",
    "question_description": "<p><strong>Loan amortization - ending balance<\/strong><\/p> <p>4. If you borrowed $7,500 at a rate of 4% and must repay it in 3 equal installments at the end of each of the next 3 years. How much would you still owe at the end of the second year, after you have made the second payment?<\/p> <p> <\/p> <p>a. $2,233.50<\/p> <p>b. $2,598.67<\/p> <p>c. $2,855.33<\/p> <p>d. $3,000.00<\/p> <p>e. $3,225.22<\/p>",
    "transcribed_text": "",
    "related_book": {
        "title": "Managerial Accounting",
        "isbn": "9780470546888, 9780470333341, 470546883, 470333340, 978-0470578797",
        "edition": "4th edition",
        "authors": "James Jiambalvo",
        "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/259.jpg",
        "uri": "\/textbooks\/managerial-accounting-4th-edition-259",
        "see_more_uri": ""
    },
    "free_related_book": {
        "isbn": "3945102529",
        "uri": "\/textbooks\/ionic-4-creating-awesome-apps-for-ios-android-desktop-and-web-1st-edition-978-3945102527-390939",
        "name": "Ionic 4 Plus Creating Awesome Apps For Ios Android Desktop And Web",
        "edition": "1st Edition"
    },
    "question_posted": "2024-06-07 07:23:32",
    "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08",
    "step_by_step_answer": "The Answer is in the image, click to view ...",
    "students_also_viewed": [
        {
            "url": "\/an-acceptance-sampling-plan-has-jots-of-500-pieces-and",
            "description": "An acceptance sampling plan has Jots of 500 pieces and a sample size of 60. The number of defects in the sample may not exceed 2. This plan, based on an OC curve, has a probability of .57 of...",
            "stars": 3
        },
        {
            "url": "\/study-help\/contemporary-marketing-case\/4-research-the-web-site-of-one-of-the-following-1798312",
            "description": "4. Research the Web site of one of the following retail firms to identify its target market. Then outline a strategy for expanding that target market. a. Quiznos b. Target c. Trader Joes d. Nordstrom...",
            "stars": 3
        },
        {
            "url": "\/study-help\/business-statistics-in-practice\/1-which-of-the-following-variables-are-ranks-for-those-1983488",
            "description": "=+1. Which of the following variables are ranks? For those that are not ranks, give the units.",
            "stars": 3
        },
        {
            "url": "\/multiple-choice-questions-indicate-the-best-answer-for-each-of",
            "description": "Multiple Choice Questions Indicate the best answer for each of the following: 1. For the spring semester of 20X4, Lane University assessed its students $3,400,000 (net of refunds) of tuition and fees...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/using-pert-adam-munson-was-able-to-determine-that-the-9761496",
            "description": "Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is months , and the project variance is . Part 2 a ) The probability...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/find-fx-for-the-following-function-then-find-f9-f-3836701",
            "description": "Find f'(x) for the following function. Then find f'(9), f (0), and f'( - 6) f(x) = 3x + 11x f'(x) = Select the correct choice below and fill in the answer box within your choice, if needed O A. '(9)...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/you-flip-a-coin-two-times-and-then-roll-a-1001596",
            "description": "You flip a coin two times and then roll a 6-sided die. What is the probability you land on heads both times and then roll a number less than 5? Round to the nearest tenth of a percentage.",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/sin-x-3-show-step-by-step-how-you-use-1026015",
            "description": "sin x 3. Show step by step how you use tan x = - COS X and the compound formulas for sine and cosine to produce the addition formula for tangent, tan(A + B) = tan A + tan B 1-tan Atan B [4 marks]",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/solve-both-parts-showing-work-and-provide-an-explanation-hint-999782",
            "description": "Solve both parts showing work and provide an explanation (Hint: Rationalize twice) (ii) Use the result of part (i) to evaluate (Hint: It's a one line solution using part (i).) lim H 2 19-2x+5-4 x-2...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/differentiate-the-function-rz-28-212-rz-1000909",
            "description": "Differentiate the function. r(z) = 2-8 - 21\/2 r'(z) =",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/on-list-k-find-the-angle-between-v-and-w-1002065",
            "description": "on list K Find the angle between v and w. v=-3i+2j, w=3i+9j estion 14 The angle between v and w is . (Do not round until the final answer. Then round to the nearest tenth as needed.) uestion 15...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/mahmoud-manufacturing-buys-rugs-to-resell-to-customers-mahmouds-december-6981877",
            "description": "Mahmoud Manufacturing buys rugs to resell to customers. Mahmoud's December 31st T-Account balances, before recording Tax Expense and the closing journal entry, are halaw. Using the above information,...",
            "stars": 3
        },
        {
            "url": "\/study-help\/management-and-cost-accounting\/intermediate-calculation-of-overhead-absorption-rates-and-an-explanation-of-1551219",
            "description": "Intermediate: Calculation of overhead absorption rates and an explanation of the differences in profits A company manufactures a single product with the following variable costs per unit The selling...",
            "stars": 3
        },
        {
            "url": "\/study-help\/management-and-cost-accounting\/advanced-explanation-of-absorption-costing-changes-in-profits-and-preparation-1551217",
            "description": "Advanced: Explanation of absorption costing changes in profits and preparation of variable costing profit statements Mahler Products has two manufacturing depart ments each producing a single...",
            "stars": 3
        },
        {
            "url": "\/study-help\/management-and-cost-accounting\/advanced-preparation-and-comments-on-variable-and-absorption-costing-profit-1551216",
            "description": "Advanced: Preparation and comments on variable and absorption costing profit statements Synchrodot Ltd manufactures two standard products, product 1 selling at 15 and product 2 selling at 18. A...",
            "stars": 3
        }
    ],
    "next_back_navigation": {
        "previous": "\/study-help\/questions\/jen-and-mark-two-customers-at-an-appliance-retailer-are-2410459",
        "next": "\/study-help\/questions\/you-buy-100-shares-of-stock-at-500-per-share-2410461"
    },
    "breadcrumbs": [
        {
            "name": "Study help",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers"
        },
        {
            "name": "Business",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business"
        },
        {
            "name": "Finance",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-finance"
        },
        {
            "name": "Loan amortization - ending balance 4. If you borrowed $7,500 at a",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/loan-amortization-ending-balance-4-if-you-borrowed-7500-2410460"
        }
    ],
    "skill_details": {
        "skill_id": "13",
        "skill_name": "Finance",
        "parent_id": "1"
    }
}  }
}