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

Author Question: In order to purchase a truck Shandex Transport (ST) obtained a $50 000 loan for 5 years at 7.8% ... (Read 54 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jun 6, 2019

Question 1

Sam took a $5000 loan to build a deck in the backyard. The loan requires payments at the end of each quarter or 4 years. If the interest on the loan is 9% compounded monthly, what is the size of each payment Sam is required to make?
◦ $1321.64
◦ $376.08
◦ $353.98
◦ $332.80
◦ $447.83

Question 2

In order to purchase a truck Shandex Transport (ST) obtained a $50 000 loan for 5 years at 7.8% compounded semi-annually. The loan is structured to reduce the balance owing to $10 000 at the end of the 5 year period. How much are ST's payments at the end of each month?
◦ $868.84
◦ $834.79
◦ $1006.08
◦ $1070.11
◦ $804.87
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Lisaclaire on Jun 6, 2019

cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 6, 2019
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 56% of students answer this correctly


Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 6, 2019
TY


cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jun 6, 2019
You're welcome


« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Possible Earth 5 billion years from now Possible Earth 5 billion years from now
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Transport of HIV mRNAs from the nucleus to the cytoplasm Transport of HIV mRNAs from the nucleus to the cytoplasm
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs
Heart drawing by 6 years old Heart drawing by 6 years old
Video: Gastroesophageal Reflux Disease (GERD)

For a complete list of videos, visit our video library