This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In order to purchase a truck Shandex Transport (ST) obtained a $50 000 loan for 5 years at 7.8% ... (Read 35 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jun 6, 2019

Question 1

Sam took a $5000 loan to build a deck in the backyard. The loan requires payments at the end of each quarter or 4 years. If the interest on the loan is 9% compounded monthly, what is the size of each payment Sam is required to make?
◦ $1321.64
◦ $376.08
◦ $353.98
◦ $332.80
◦ $447.83

Question 2

In order to purchase a truck Shandex Transport (ST) obtained a $50 000 loan for 5 years at 7.8% compounded semi-annually. The loan is structured to reduce the balance owing to $10 000 at the end of the 5 year period. How much are ST's payments at the end of each month?
◦ $868.84
◦ $834.79
◦ $1006.08
◦ $1070.11
◦ $804.87
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Lisaclaire on Jun 6, 2019

cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 6, 2019
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 56% of students answer this correctly


Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 6, 2019
TY


cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jun 6, 2019
You're welcome


« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar
Checklist of Developmental Skills: Birth to 5 years Checklist of Developmental Skills: Birth to 5 years
Fast axonal transport of vesicles. Fast axonal transport of vesicles.
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
Pangaea 200 Million Years Ago Pangaea 200 Million Years Ago
Here, in alphabetical order, are 20 foods and 4 cultures. Here, in alphabetical order, are 20 foods and 4 cultures.
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library