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 84 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
Great answer, keep it coming :)


tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

For a complete list of videos, visit our video library