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

Author Question: You just took out a $12,000 loan for your small business. The loan has a four year term and ... (Read 55 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Apr 25, 2021
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%. Consider the final loan payment. How much principal do you pay in the final payment?
◦ $3,506.09
◦ $2,529.29
◦ $2,820.16
◦ $3,144.48
◦ $3,909.29
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd 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 Apr 25, 2021

Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
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.
Answer Preview
Only 55% of students answer this correctly


Lisaclaire

  • Member
  • Posts: 569
Reply 2 on: Apr 25, 2021
Gracias!

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

The Green Pygmy Goose (Nettapus pulchellus) is a small perching duck which breeds in southern New Gu The Green Pygmy Goose (Nettapus pulchellus) is a small perching duck which breeds in southern New Gu
The Xenopus frog tadpole is a small, simple vertebrate. The Xenopus frog tadpole is a small, simple vertebrate.
Villi in the small intestine Villi in the small intestine
Business Letter Format and Example. Business Letter Format and Example.
The Small Intestine: A Huge Surface for Digestion & Absorption The Small Intestine: A Huge Surface for Digestion & Absorption
Digestion & Absorption in the Small Intestine Digestion & Absorption in the Small Intestine
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library