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Author Question: You just took out a $12,000 loan for your small business. The loan has a four year term and ... (Read 68 times)

wrbasek0

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on: Apr 25, 2021

Question 1

You have a 5-year amortized loan with a nominal rate of 11% and annual payments of $541.14. What is the original (time 0) principal of the loan?
◦ $2,000.00
◦ $2,705.70
◦ $2,289.31
◦ $1,678.86
◦ $2,051.35

Question 2

You just took out a $12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal end-of-year payments. The interest rate on the loan is 11.5%. What are your annual loan payments?
◦ $3,909.29
◦ $3,287.78
◦ $3,144.83
◦ $3,246.84
◦ $3,867.92
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by wrbasek0 on Apr 25, 2021

yasmina

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Reply #1 on: Apr 25, 2021
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.
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wrbasek0

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Reply 2 on: Apr 25, 2021
Excellent

mjenn52

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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