I borrow $500 today, with an interest of 10% per year. How much should I pay...
I borrow $500 today, with an interest of 10% per year. How much should I pay back after one year?
Homework Answers
| Amount Borrowed = | $ 500 |
| Add: Interest @ 10% of $ 500 = 10% X $ 500 = | $ 50 |
| Total | $ 550 |
| Answer = amount paid after one year = $ 550 | |
Add Answer to:
I borrow $500 today, with an interest of 10% per year. How much
should I pay...
QUESTION 4 For 2a)2(c) using the following information You borrow $10.000 today with interest rate 7...
QUESTION 4 For 2a)2(c) using the following information You borrow $10.000 today with interest rate 7 and you plan to pay the bank back with equal annual payment. Let us assume the first payment happen at the end of each year. Principal beg. year Payment end year Interest Principal 2) how much is the annual payment? 1674.678 QUESTIONS You borrow $10,000 today with interest rate 7%, and you plan to pay the bank back with 8 equal annual payment 200)...
a. You are saving for retirement 10 years from now. How much should you invest today...
a. You are saving for retirement 10 years from now. How much should you invest today so you will have an annuity of $20,000 per year for 20 years starting from the 11" year? b. If you were to invest $10,000 today @6%, how much would you have at the end of 15 years? C. You are planning to save $100,000 for a yacht purchase 5 years from now. If you believe you can earn an 8% rate of return,...
How much would you be willing to pay today for an annuity that promises to pay...
How much would you be willing to pay today for an annuity that promises to pay $9,554 per year for 19 years, beginning exactly one year from today. Your relevant interest rate is 9 percent.
A friend asks to borrow $47 from you and in return will pay you $50 in...
A friend asks to borrow $47 from you and in return will pay you $50 in one year. If your bank is offering a 5.6% interest rate on deposits and loans: a. How much would you have in one year if you deposited the $47 instead? b. How much money could you borrow today if you pay the bank $50 in one year? c. Should you loan the money to your friend or deposit it in the bank? a. How...
How much should I invest today in a bank account that offers an annual interest rate...
How much should I invest today in a bank account that offers an annual interest rate of a 12% compounded monthly, in order to be able to afford infinite monthly payments, the first one of them to be of 200 €, and the amount of the further payments increasing in a 0.2% month after month?
estion 2 You borrow $500 from a family member and agree to pay it back in...
estion 2 You borrow $500 from a family member and agree to pay it back in s months Because you are part of the tamity you ane only being charged simple interest at the rate of 9% per morh How much (hmape sk months?
How much would you be willing to pay today for an annuity that promises to pay...
How much would you be willing to pay today for an annuity that promises to pay $3,882 per year for 12 years, beginning exactly one year from today. Your relevant interest rate is 6 percent. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR
How much should a new graduate pay in 10 equal annual payments starting order to repay...
How much should a new graduate pay in 10 equal annual payments starting order to repay a $30,000 lan he has 2 years from now, in received today? The interest rate is 6% per year
A friend asks to borrow $53 from you and in return will pay you $56 in...
A friend asks to borrow $53 from you and in return will pay you $56 in one year. If your bank is offering a 5.7% interest rate on deposits and loans a. How much would you have in one year if you deposited the $53 instead? b. How much money could you borrow today if you pay the bank $56 in one year? c. Should you loan the money to your friend or deposit it in the bank? a. How...
1.An investment will pay you $500 every year starting 1 year from today and goes on...
1.An investment will pay you $500 every year starting 1 year from today and goes on forever. If the interest rate is 5% p.a., what is the maximum price that you would pay for this investment? 2.You are given $200 each year starting next year and finishing in 15 years (t=15). If the interest rate is 6% p.a., what is the maximum price that you would pay for these cash flows? 3.You borrow $100,000 today, the annual interest rate is...
QUESTION 4 For 2a)2(c) using the following information You borrow $10.000 today with interest rate 7 and you plan to pay the bank back with equal annual payment. Let us assume the first payment happen at the end of each year. Principal beg. year Payment end year Interest Principal 2) how much is the annual payment? 1674.678 QUESTIONS You borrow $10,000 today with interest rate 7%, and you plan to pay the bank back with 8 equal annual payment 200)...
a. You are saving for retirement 10 years from now. How much should you invest today so you will have an annuity of $20,000 per year for 20 years starting from the 11" year? b. If you were to invest $10,000 today @6%, how much would you have at the end of 15 years? C. You are planning to save $100,000 for a yacht purchase 5 years from now. If you believe you can earn an 8% rate of return,...
A friend asks to borrow $47 from you and in return will pay you $50 in one year. If your bank is offering a 5.6% interest rate on deposits and loans: a. How much would you have in one year if you deposited the $47 instead? b. How much money could you borrow today if you pay the bank $50 in one year? c. Should you loan the money to your friend or deposit it in the bank? a. How...
estion 2 You borrow $500 from a family member and agree to pay it back in s months Because you are part of the tamity you ane only being charged simple interest at the rate of 9% per morh How much (hmape sk months?
How much would you be willing to pay today for an annuity that promises to pay $3,882 per year for 12 years, beginning exactly one year from today. Your relevant interest rate is 6 percent. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR
How much should a new graduate pay in 10 equal annual payments starting order to repay a $30,000 lan he has 2 years from now, in received today? The interest rate is 6% per year
A friend asks to borrow $53 from you and in return will pay you $56 in one year. If your bank is offering a 5.7% interest rate on deposits and loans a. How much would you have in one year if you deposited the $53 instead? b. How much money could you borrow today if you pay the bank $56 in one year? c. Should you loan the money to your friend or deposit it in the bank? a. How...
Most questions answered within 3 hours.
-
please don't use the p value method instead use the "5 steps of
hypothesis testing." Or...
asked 9 minutes ago -
It is said that Galileo discovered a basic principle of the
pendulum—that the period is independent...
asked 14 minutes ago -
The Cost of Equity and
Flotation Costs
Messman Manufacturing
will issue common stock to the public...
asked 21 minutes ago -
a) summarize the challenges facing New Britain today
b) identify some of its strengths
c) suggest...
asked 23 minutes ago -
**86 at 40 not 88. please show how got Tr in calculations thank
you
2) The...
asked 23 minutes ago -
McGlaun Company pays its employees every two weeks. The firm
last paid its employees on September...
asked 37 minutes ago -
You have been gifted a Mogwai as a pet and decide to do a little
online...
asked 42 minutes ago -
given the standard of 200 mg/dl and the absorbance of that
standard is 0.640. What is...
asked 44 minutes ago -
Exercise 8-51 Algo
An accounting professor is notorious for being stingy in giving
out good letter...
asked 53 minutes ago -
month
total distribution cost
level of activity (unit produced)
july
230.000
3500
august
250.000
3750
september...
asked 54 minutes ago -
A smoke detector system uses two devices, A and B. If smoke is
present, the probability...
asked 1 hour ago -
Your division head has assigned another important project to you
and your team. This project is...
asked 1 hour ago