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

Author Question: Jia borrows 50,000 at 10 percent annually compounded interest to be repaid in four equal annual ... (Read 559 times)

cherise1989

Hero Member
Posts: 555

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

Sr. Member
Posts: 304

Reply #1 on: Jul 10, 2018

Answer to Question 1

D

Answer to Question 2

C

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cherise1989

Hero Member
Posts: 555

Reply #2 on: Jul 10, 2018

Thank you

Melissahxx

Sr. Member
Posts: 304

Reply #3 on: Jul 10, 2018

Happy to help you

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