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

Author Question: The Saskatchewan Junior Achievers need to borrow to finance a project. Repayment of the loan ... (Read 164 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 6, 2019

Question 1

Mike acquired his sister's share of their business by agreeing to make payments of $4711.00 at the end of each year for 8 years. If the payments are deferred for three years and money is worth 5.96% compounded quarterly, what is the cash value of the sister's share of the business?

Question 2

The Saskatchewan Junior Achievers need to borrow to finance a project. Repayment of the loan involves payments of $8711.00 at the end of every three months for six years. No payments are to be made during the development period of three years. Interest is 9.24% compounded quarterly.
a) How much did the Achievers borrow?
b) What amount will be repaid?
c) How much of that amount will be interest?
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 fnuegbu on Jun 6, 2019

welcom1000

  • Sr. Member
  • ****
  • Posts: 298
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 29% of students answer this correctly


fnuegbu

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Jun 6, 2019
Thanks


welcom1000

  • Sr. Member
  • ****
  • Posts: 298
Reply #3 on: Jun 6, 2019
Welcome :)


« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

In a project on job discrimination, Pager prepared identical résumés for the teams, but with one ... In a project on job discrimination, Pager prepared identical résumés for the teams, but with one ...
Karen McCoy, Considering Mother's Mantle, project for Stone Quarry Hill Art Park, Cazenovia, ... Karen McCoy, Considering Mother's Mantle, project for Stone Quarry Hill Art Park, Cazenovia, ...
Christo, Over the River, Project for the Arkansas River, State of Colorado. Christo, Over the River, Project for the Arkansas River, State of Colorado.
Group Project Meme Group Project Meme
Jane was due to make loan payments of S1872 nine months ago, S3074 five month ago, and S498 in ... Jane was due to make loan payments of S1872 nine months ago, S3074 five month ago, and S498 in ...
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. ...
Video: Autonomic Nervous System Animation

For a complete list of videos, visit our video library