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

Author Question: You just took out a $12,000 loan for your small business. The loan has a four year term and ... (Read 52 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
on: Apr 25, 2021

Question 1

You have a 5-year amortized loan with a nominal rate of 11% and annual payments of $541.14. What is the original (time 0) principal of the loan?
◦ $2,000.00
◦ $2,705.70
◦ $2,289.31
◦ $1,678.86
◦ $2,051.35

Question 2

You just took out a $12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal end-of-year payments. The interest rate on the loan is 11.5%. What are your annual loan payments?
◦ $3,909.29
◦ $3,287.78
◦ $3,144.83
◦ $3,246.84
◦ $3,867.92
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by wrbasek0 on Apr 25, 2021

yasmina

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Apr 25, 2021
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


wrbasek0

  • Member
  • Posts: 560
Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Comparison of small subunit (SSU) rRNA gene sequences from three animals and a protist. Comparison of small subunit (SSU) rRNA gene sequences from three animals and a protist.
Small Town USA: Struggling to Survive Small Town USA: Struggling to Survive
The term “natural,” when used on the packaging of meat and poultry The term “natural,” when used on the packaging of meat and poultry
A small 355-g box hangs from one end of a thin light string that goes over a frictionless ... A small 355-g box hangs from one end of a thin light string that goes over a frictionless ...
Video: Alternative Energy Sources

For a complete list of videos, visit our video library