Author Question: Jia borrows 50,000 at 10 percent annually compounded interest to be repaid in four equal annual ... (Read 519 times)

cherise1989 · **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 · **Reply #1 on:** Jul 10, 2018

Answer to Question 1

D

Answer to Question 2

C

cherise1989 · **Reply #2 on:** Jul 10, 2018

Thank you

Melissahxx · **Reply #3 on:** Jul 10, 2018

Happy to help you

Author Question: Jia borrows 50,000 at 10 percent annually compounded interest to be repaid in four equal annual ... (Read 519 times)

cherise1989

Jia borrows 50,000 at 10 percent annually compounded interest to be repaid in four equal annual ...

Melissahxx

Jia borrows 50,000 at 10 percent annually compounded interest to be repaid in four equal annual ...

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cherise1989

Jia borrows 50,000 at 10 percent annually compounded interest to be repaid in four equal annual ...

Melissahxx

Jia borrows 50,000 at 10 percent annually compounded interest to be repaid in four equal annual ...