This topic contains a solution. Click here to go to the answer

Author Question: Your company has received a 50,000 loan from an industrial finance company. The annual payments are ... (Read 111 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
Your company has received a 50,000 loan from an industrial finance company. The annual
  payments are 6,202.70. If the company is paying 9 percent interest per year, how many loan
  payments must the company make?
 
  A) 13 B) 19 C) 12 D) 15

Question 2

Charlie wants to retire in 15 years, and he wants to have an annuity of 50,000 a year for 20 years
  after retirement. Charlie wants to receive the first annuity payment the day he retires.
 
  Using an
  interest rate of 8, how much must Charlie invest today in order to have his retirement annuity
  (rounded to nearest 10)?
  A) 167,130 B) 256,890 C) 315,240 D) 200,450


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nanny

  • Sr. Member
  • ****
  • Posts: 313
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly




@Brianna17

  • Member
  • Posts: 550
Reply 2 on: Jul 11, 2018
:D TYSM


deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

For a complete list of videos, visit our video library