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

Question

1 Approved Answer

Simple interest rate if 9 % biannaully ( not p . a , so you dont divide by 2 right? ) for 1 5 years.

Simple interest rate if 9% biannaully (not p.a, so you dont divide by 2 right?) for 15 years. This is a car loan for $21490, calculate the interest ans the total repayment.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Governmental and Nonprofit Accounting

Governmental and Nonprofit Accounting

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

10th edition

132751267, 978-0132751261

Students also viewed these Finance questions

Question

How comparable are the groups in causal comparative studies?

Answered: 1 week ago

Question

★★★★★
1. Develop an implementation plan that would be useful to the Training group in changing to a computerized project tracking system. Use a paragraph to explain your approach. Be sure that what you are...

Answered: 1 week ago

Question

★★★★★
On December 31, 2023, Berclair Incorporated had 260 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. - On March 1, 2024,...

Answered: 1 week ago

Question

★★★★★
An analysis of the comparative balance sheet, the current year's income statement, and the general ledger accounts of Wellman Corp. uncovered the following items. Assume all items involve cash unless...

Answered: 1 week ago

Question

★★★★★
For the circuit shown in Fig. 12-47, (a) Obtain the voltage transfer function Hu(w) (b) Find the frequency at which the function is real. + V ww R R Fig. 12-47 F V

Answered: 1 week ago

Question

★★★★★
Write the phasor equation for the single-loop, coupled circuit shown in Fig. 14-38. j5 . | 1 k = 0.65 10 0 50/0 V j3 K -j8 .

Answered: 1 week ago

Question

★★★★★
From the following data for a particular period, compute sales and profit variances: Budgeted sales: Actual sales: X, 3,000 units @ Y, 2,000 units @ X, 4,000 units @ Y, 2,500 units @ 20 (standard...

Answered: 1 week ago

Question

★★★★★
Everly Healthcare has just borrowed $1,000,000 on a five-year, annual payment term loan at a 15 percent rate. The first payment is due one year from now. Construct the amortization schedule for this...

Answered: 1 week ago

Question

★★★★★
Develop a Gantt chart with the following information. What is the expected duration of the project? What is the critical path? Activity Expected Duration Predecessors A BL 12 8 None None C 5 None D...

Answered: 1 week ago

Previous Question Next Question