subject
Business, 17.12.2019 22:31 smilequi9653

An amortized loan has 10 annual payments at the end of each year starting one year from now. the first 5 payments are $1,000 each and the final 5 payments are $500 each. interest is at an effective annual rate of 10%. find each of the following: (a) the initial loan amount; (b) the outstanding balance just after the 3rd payment; (c) the interest and principal in the 4th payment; (d) the outstanding balance just after the 8th payment

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 01:30
The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:
Answers: 3
question
Business, 22.06.2019 06:30
The larger the investment you make, the easier it will be to: get money from other sources. guarantee cash flow. buy insurance. streamline your products.
Answers: 3
question
Business, 22.06.2019 14:40
Increases in output and increases in the inflation rate have been linked to
Answers: 2
question
Business, 22.06.2019 20:00
Which motion below could be made so that the chair would be called on to enforce a violated rule?
Answers: 2
You know the right answer?
An amortized loan has 10 annual payments at the end of each year starting one year from now. the fir...
Questions
question
Mathematics, 21.11.2019 03:31
question
Mathematics, 21.11.2019 03:31
question
Mathematics, 21.11.2019 03:31
Questions on the website: 13722363