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.)
Present value of annuity due=(1+interest rate)*Annuity [1-(1+interest rate)^-time period]/interest rate
=1.172*1,200,000[1-(1.172)^-7]/0.172
=1,200,000*4.5706
=$5,484,720.
Crane Productions borrowed some money from the California Finance Company at a rate of 17.20 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
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.)
Problem 6.25 (Solution Video) Crane Productions borrowed some money from the California Finance Company at a rate of 15.40 percent for a seven-year period. The loan calls for a payment of $1,340,000 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) Crane borrowed Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER
Problem 6.25 (Solution Video) Sunland Productions borrowed some money from the Californa Finance Company at a rate o 15.4 percent or seven-year per od The loan calls or ฮ payment o $1,541,000 each year beginning today. How much did Sunland borrow? (Round factor values to 4 decimal places, e.g. 1.5214 and final answer to nearest whole dollar, e.g. 5,275.) Sunland borroweds
Grace Period: 3 days left I RegisterN Problem 6.25 (Solution Video) Oriole Productions borrowed some money frem the Caltomia Fharce Company at a rata cf 16 40 percent for a loan calls for a payment of s1,240,000 eech year baginning today. How much did Oricia borrow? (Round factor values to 4 decimmal places, w.g. 1.5214 and inal answer to nearest whole e.9.5,27s) dollar, Oriole borrowed Question Attemptsi 0 of 2 used sAVE FOR LATER SUBHET ANSYWER
Please label and bold the answers. Thanks so much I will make sure to leave you a thumbs up and this is my last question I can post this month. This is due at 3 so please help me. I would really appreciate it thanks so much!!!!!!!! Problem 6.01 Sheridan, Inc., management expects the company to earn cash flows of $12,300, $16,400, $17,900, and $19,200 over the next four years. If the company uses an 7 percent discount rate, what...
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.
You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $ 210 (first payment made at t = 1), followed by five annual payments of $ 411 , followed by four annual payments of $ 811 . How much did you borrow? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).
Try Again (c): Your answer is incorrect. Ashley borrowed money from an online lending company to invest in antiques. She took out a personal, amortized loan for $24,500, at an interest rate of 7.2%, with monthly payments for a term of 1 year. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Ashley's monthly payment. 5 ? $2,122.16 (6) Ir...
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