Answers: 3
Business, 22.06.2019 08:20
Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above
Answers: 2
Business, 22.06.2019 12:40
Alarge tank is filled to capacity with 500 gallons of pure water. brine containing 2 pounds of salt per gallon is pumped into the tank at a rate of 5 gal/min. the well-mixed solution is pumped out at the same rate. find the number a(t) of pounds of salt in the tank at time t.
Answers: 3
Business, 22.06.2019 19:30
Which of the following occupations relate to a skill category of words and literacy
Answers: 1
Business, 23.06.2019 02:00
How much more output does the $18 trillion u.s. economy produce when gdp increases by 3.0 percen?
Answers: 1
The common stock of RMW Inc. is selling at $88 a share. It just paid a dividend of $4. Investors exp...
Health, 08.07.2019 02:30
Mathematics, 08.07.2019 02:30
Biology, 08.07.2019 02:30
Chemistry, 08.07.2019 02:30
Mathematics, 08.07.2019 02:30
Mathematics, 08.07.2019 02:30
Biology, 08.07.2019 02:30
Mathematics, 08.07.2019 02:30
Mathematics, 08.07.2019 02:30
History, 08.07.2019 02:30
Mathematics, 08.07.2019 02:30
Biology, 08.07.2019 02:30
History, 08.07.2019 02:30
Mathematics, 08.07.2019 02:30
History, 08.07.2019 02:30
Mathematics, 08.07.2019 02:30