Suppose you borrowed a certain amount of money 512 weeks ago at an annual interest rate...
Suppose you borrowed a certain amount of money 512 weeks ago at an annual interest rate of 3% with semiannual compounding (2 times per year). If you returned $13812 today, how much did you borrow? Round your answer to the nearest dollar.
Homework Answers
Number of Months = 512/4
Number of Months = 128
Time Period = 21.33 semi-annual period,
Calculating Amount Borrowed,
Amount Borrowed = 13,812/(1 + 0.03/2)21.33
Amount Borrowed = $10,053.93
Add Answer to:
Suppose you borrowed a certain amount of money 512 weeks ago at
an annual interest rate...
Suppose you borrowed a certain amount of money 382 weeks ago at an annual interest rate...
Suppose you borrowed a certain amount of money 382 weeks ago at an annual interest rate of 3% with semiannual compounding (2 times per year). If you returned $10,456 today, how much did you borrow?
Suppose you borrowed a certain amount of money 5 years ago at an annual interest rate...
Suppose you borrowed a certain amount of money 5 years ago at an annual interest rate of 2.3% with 152 compounding intervals per year. If you returned $10,973 today, how much interest did you pay?
Suzanne borrowed a certain amount of money at an annual simple interest rate of 4.3%, if...
Suzanne borrowed a certain amount of money at an annual simple interest rate of 4.3%, if she returned $5891 after 245 weeks, how much interest did she pay? Round your answer to the nearest dollar.
An amount of $15,000 is borrowed from the bank at an annual interest rate 12% h...
An amount of $15,000 is borrowed from the bank at an annual interest rate 12% h Calculate the repavment amounts if the loan ($15 000) will be repaid in two equal installments of $7.500 each, paid at the end of second and fourth years respectively. Interest will be paid each year Click the icon to view the interest and annuity table for discrete compounding when i- 12%% per year . a. The equal end-of-year payments required to pay off the...
Suppose you wish to borrow $300 for two weeks and the amount of interest you must...
Suppose you wish to borrow $300 for two weeks and the amount of interest you must pay is $20 per $100 borrowed. What is the APR at which you are borrowing money?
Cullumber Productions borrowed some money from the California Finance Company at a rate of 13.90 percent...
Cullumber Productions borrowed some money from the California Finance Company at a rate of 13.90 percent for a seven-year period. The loan calls for a payment of $1,253,000 each year beginning today. How much did Cullumber borrow? (Round factor values to 4 decimal places, e.g. 1.5214 and final answer to nearest whole dollar, e.g. 5,275.) Cullumber borrowed
Crane Productions borrowed some money from the California Finance Company at a rate of 17.20 percent...
Crane Productions borrowed some money from the California Finance Company at a rate of 17.20 percent for a seven-year period. The loan calls for a payment of $1,200,000 each year beginning today. How much did Crane borrow? (Round factor values to 4 decimal places, e.g. 1.5214 and final answer to nearest whole dollar, e.g. 5,275.)
Sheridan Productions borrowed some money from the California Finance Company at a rate of 17.40 percent...
Sheridan Productions borrowed some money from the California Finance Company at a rate of 17.40 percent for a seven-year period. The loan calls for a payment of $1,236,000 each year beginning today. How much did Sheridan borrow? (Round factor values to 4 decimal places, e.g. 1.5214 and final answer to nearest whole dollar, e.g. 5,275.)
1. You invested $3,640 in a certain stock 24 years ago. You decided to sell your...
1. You invested $3,640 in a certain stock 24 years ago. You decided to sell your shares today, the rate of return would be 1.9%. How much money would you earn if you sell your shares today? Round your answer to the nearest dollar. 2.Suppose that during a 13 year period, a corporation's stock has a 3:1 split. By what percent would the price per share have to decrease in order for the rate of return during this period to...
Installment Loan Schedule Assume you are to borrow money, the loan amount, at an annual interest...
Installment Loan Schedule Assume you are to borrow money, the loan amount, at an annual interest rate to be paid in equal installments each period Loan Amount $ 25,000 9.90% Annual Interest Rate Periods per year 12 Years to payback See Table B.3 in book. 47.17454194 FACTOR = [1 -(1 / ((1R)An)]/ R Factor $ Equal Payments 529.95 let R = period interest rate number of periods to payback loan let n Number of periods: 60 Reduction in Principal Interest...
Suzanne borrowed a certain amount of money at an annual simple interest rate of 4.3%, if she returned $5891 after 245 weeks, how much interest did she pay? Round your answer to the nearest dollar.
An amount of $15,000 is borrowed from the bank at an annual interest rate 12% h Calculate the repavment amounts if the loan ($15 000) will be repaid in two equal installments of $7.500 each, paid at the end of second and fourth years respectively. Interest will be paid each year Click the icon to view the interest and annuity table for discrete compounding when i- 12%% per year . a. The equal end-of-year payments required to pay off the...
Installment Loan Schedule Assume you are to borrow money, the loan amount, at an annual interest rate to be paid in equal installments each period Loan Amount $ 25,000 9.90% Annual Interest Rate Periods per year 12 Years to payback See Table B.3 in book. 47.17454194 FACTOR = [1 -(1 / ((1R)An)]/ R Factor $ Equal Payments 529.95 let R = period interest rate number of periods to payback loan let n Number of periods: 60 Reduction in Principal Interest...
Most questions answered within 3 hours.
-
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 46 minutes ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 2 hours ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 3 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 4 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 4 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 6 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 6 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 7 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 7 hours ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 8 hours ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 8 hours ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 8 hours ago