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

Author Question: In the case of annuity cash inflows, the payback period can be found by dividing the initial ... (Read 41 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
In the case of annuity cash inflows, the payback period can be found by dividing the initial investment by the annual cash inflow.
 
  Indicate whether the statement is true or false

Question 2

Nico makes annual end-of-year payments of 5,043.71 on a four-year loan with an interest rate of 13 percent. The original principal amount was ________.
 
  A) 24,450
  B) 15,000
  C) 3,100
  D) 20,175



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juliaf

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

TRUE

Answer to Question 2

B




Arii_bell

  • Member
  • Posts: 596
Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)


sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

For a complete list of videos, visit our video library