the correct answer for the given solution is OPTION-SECOND.
SOLUTION-
assuming the interest is charged and compounded yearly then we can calculate the amount at the end of 15th year as follows-
A small business borrows $100,000 for 15 years. How much will the business owe at the...
You borrow $10,000 for 5 years at a 3.5% interest rate. How much will you owe at the end of 5 years? O $13,222.13 O $11,876.86 O $12,567.33 $8,419.73
A small business borrows $42,000 for expansion at 8% compounded monthly The loan is due in 6 years How much interest will the business pay? The business will pay Sin interest Round to the nearest cent)
A small business borrows $62,000 tor expansion at 10% compounded monthly. The loan is due in 9 years. How much interest will the business pay? The business will pay毛叮interest. (Round to the nearest cent )
If a business borrows $100,000 for one year at an interest rate of 12 percent, the interest expense of the business would be Arswer saved Marked out of 1.00 Select one oa. $15,000 b. $1,200 c. $10,000 o d. $12,000 Week 2-5 class topics 0 2 3
Please include how to input into finance calculator. 1) Derek borrows $267,226.00 to buy a house. He has a 30-year mortgage with a rate of 4.72%. (A) What is the monthly mortgage payment? (B) how much does he owe on the mortgage after making 89.00 payments? 2) If he borrows $35,341.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.52%. After a 15.00 months Derek decides to pay...
Juan borrows a total of $83,000 to pay for medical school. He borrows part of the money from the school whereby he will pay 4.5% simple interest. He borrows the rest of the money through a government grant that will charge him 6.5% interest. In both cases, he is not required to pay off the principal or interest during his 4 years of medical school. However, at the end of 4 years, he will owe a total of $16,860 for...
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,...
Without the use of excel: A borrows 20000 for 8 years and repays the loan with level annual payments at the end of each year. B also borrows 20000 for 8 years, but pays only interest as it is due each year and plans to repay the entire loan at the end of the 8 year period. Both loans carry an effective rate of 8.5%. How much more interest will B pay than A pays over the life of the...
QUESTION 7 What's the present value of $100,000 discounted back 10 years if the appropriate interest rate is 6.5%, compounded quarterly? QUESTION 13 Suppose you inherited $500,000 and invested it at 6.25% per year. How much could you withdraw at the end of each of the next 35 years? QUESTION 19 Suppose you borrowed $75,000 at a rate of 12% and must repay it in equal annual installments at the end of each of the next 5 years. 1. How...
Cory recently sold his qualified small business stock for $90,000 after holding it for 10 years. His basis in the stock is $40,000. Applying the rules as if the stock were acquired in 2019 and assuming his marginal tax rate is 32 percent, how much tax will he owe on the sale?