subject
Business, 29.03.2021 15:50 highlander4215

Kendall borrows $100,000 on January 1, 1993 to be repaid in 12 annual installments at an effective annual rate of interest of 8%. The first payment is due on January 1, 1994. Instead of annual payments she decides to make monthly payments equal to one-twelfth the annual payment beginning on February 1, 1993. Determine how many months will be needed to pay off the loan.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 12:00
Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund
Answers: 1
question
Business, 22.06.2019 18:00
Acountry made education free in mandatory up to age 15. it is established 100 new schools to educate kids across the country. as a result, citizens acquired the _ required to work. the school's generated _ for teachers and other staff. in 20 years, to countryside rapid _ and its gdp.
Answers: 3
question
Business, 22.06.2019 19:50
What is the present value of the following cash flow stream at a rate of 12.0%? years: 0 1 2 3 4| | | | |cfs: $0 $1,500 $3,000 $4,500 $6,000a. $9,699b. $10,210c. $10,747d. $11,284e. $11,849
Answers: 3
question
Business, 23.06.2019 00:30
Suppose there is a 6 percent increase in the price of good x and a resulting 6 percent decrease in the quantity of x demanded. price elasticity of demand for x is a. 0 b. 6 c. 1 d. 36
Answers: 2
You know the right answer?
Kendall borrows $100,000 on January 1, 1993 to be repaid in 12 annual installments at an effective a...
Questions
question
Mathematics, 07.12.2020 04:50
question
Mathematics, 07.12.2020 04:50
Questions on the website: 13722361