Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 30, 2024

want answer urgently. A demand loan for ( $ 7446.59 ) with interest at ( 9.1 % ) compounded semi-annually is repaid after 5 years,

want answer urgently. A demand loan for $ \$ 7446.59 $ with interest at $ 9.1 \% $ compounded semi-annually is repaid after 5 years, 4 months. What is the amount of interest paid? The amount of interest is $ \$ $ (Ro 2 answers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Contemporary Business Mathematics with Canadian Applications

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

10th edition

133052311, 978-0133052312

More Books

Students also viewed these Accounting questions

Question

The equation -16t^(2)+144i gives the height, in feet, of a toy rocket t seconds after it was launched up into the air. How long will it take for the rocket to -16t^(2)+144i=0 by factoring to solve...

Answered: 1 week ago

Question

★★★★★

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...

Answered: 1 week ago

Question

★★★★★

Nucleons The term nucleon refers to the particles found in the nucleus of an atom, namely protons and neutrons. A single hydrogen atom (one proton plus one electron) has a mass of 1.007825 amu. A...

Answered: 1 week ago

Question

★★★★★

A manufacturer of diaphragm seals has identified the cash flows shown for manufacturing and sales functions. Determine the no-return payback period. First cost of equipment,....................$...

Answered: 1 week ago

Question

★★★★★

A car slows down uniformly from a speed of 28.0 m / s to rest in 8.00 s. How far did it travel in that time?

Answered: 1 week ago

Question

★★★★★

Where does this body of law or legal tool fit in the value chain?

Answered: 1 week ago

Question

★★★★★

A coin that comes up heads with probability 0.6 is continually flipped. Find the expected number of flips until either the sequence thht or the sequence ttt occurs, and find the probability that ttt...

Answered: 1 week ago

Question

★★★★★

Phoenix Industries has pulled off a miraculous recovery. Four years ago it was near bankruptcy. Today, it announced a $ 1 per share dividend to be paid a year from now, the first dividend since the...

Answered: 1 week ago

Question

★★★★★

Link to the MATLAB file here ----> https://drive.google.com/file/d/1KIQT2pOr69SrqmcqIt0TGqMF0W6yvJJx/view?usp=sharing Thank you. 1. Download the data file Class7Data.mat from eCampus, Usea histogram...

Answered: 1 week ago

Question

★★★★★

Lasky Manufacturing has two divisions: Carolinas and Northeast. Lasky has a cost of capital of 7.5 percent. Selected financial information (in thousands of dollars) for the first year of business...

Answered: 1 week ago

Question

★★★★★

Working off the budget you prepared for Netflix for 2021, you will evaluate the variance for the 'actual' activity that occurred each month. You will use the attached worksheet to provide the dollar...

Answered: 1 week ago

Question

★★★★★

Using these pressure and temperature points, plot the graph of refrigeration cycle using the pressure and enthalpy diagram for refrigerant 134a. P1 (evaporator inlet) 49 psi P2 (evaporator outlet) 47...

Answered: 1 week ago

Question

★★★★★

Find the reaction force at A. (A, B, and C are pins) CoursHeroTranscribedText A F 2 m 1 m 500 Nm 130 B

Answered: 1 week ago

Question

★★★★★

As much as you may have a preference for a type of network (e.g., broadband, wireless) each technology has both disadvantages and advantages. Discuss the advantages and disadvantages of different...

Answered: 1 week ago

Question

★★★★★

James, a newly recruited employee of an organization, received an email containing a fake appointment letter. The letter claims to have been sent by the real organization. James failed to identify...

Answered: 1 week ago

Question

★★★★★

East Pangea has computed the costs of its market baskets for three years in the table below. Using 2016 as your base year, compute the Consumer Price Index Number for all three years for East Pangea:...

Answered: 1 week ago

Question

★★★★★

Sussex Question 16 Mrs. Esme Luxembourg has just received a Ksh 100,000 bonus from his employer that she wishes to invest in long-term corporate bonds which will provide a yearly pretax rate of...

Answered: 1 week ago

Question

★★★★★

An Atomic Energy Commission nuclear facility was established in Hanford, Washington, in 1943. Over the years, a significant amount of strontium 90 and cesium 137 leaked into the Columbia River. In a...

Answered: 1 week ago

Question

★★★★★

How much must be deposited into an account to accumulate to $32 000 at 7% compounded semi-annually (a) At the beginning of each month for 20 years? (b) At the end of each year for 15 years?

Answered: 1 week ago

Question

★★★★★

The Berezins agreed to monthly payments rounded up to the nearest $100 on a mortgage of $36 000 amortized over 10 years. Interest for the first 5 years was 8.75% compounded semi-annually. After 30...

Answered: 1 week ago

Question

★★★★★

Four $5000 7% bonds with semi-annual coupons are bought seven years before maturity to yield 6% compounded semi-annually. Find the premium or discount and the purchase price if the bonds are...

Answered: 1 week ago

Question

★★★★★

8. Conflict. For all the reasons stated earlier, intercultural communication is also marked by a greater potential for conflict. During intercultural encounters, chances are great that peoples...

Answered: 1 week ago

Question

★★★★★

2. Say you wanted to find out about the gestures of a particular culture and their meaning. How would you go about doing that research? How would you know for sure thats what people actually do when...

Answered: 1 week ago

Question

★★★★★

3. Cultures develop norms for appropriate nonverbal behaviors, such as gesturing, interpersonal space, and touch. What happens when those norms are violated? Design a study to examine peoples...

Answered: 1 week ago

Previous Question Next Question