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Author Question: Jia borrows 50,000 at 10 percent annually compounded interest to be repaid in four equal annual ... (Read 500 times)

cherise1989

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on: Jul 10, 2018
Jia borrows 50,000 at 10 percent annually compounded interest to be repaid in four equal annual installments. The actual end-of-year loan payment is ________.
 
  A) 10,774
  B) 12,500
  C) 14,340
  D) 15,773

Question 2

A treasurer is commonly responsible for handling ________.
 
  A) tax management
  B) corporate accounting
  C) investing surplus funds
  D) cost accounting


Melissahxx

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Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

C


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cherise1989

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Reply #2 on: Jul 10, 2018
Thank you :)


Melissahxx

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Reply #3 on: Jul 10, 2018
Happy to help you


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