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 41 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
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 interest do you pay in the final payment?
◦ $1,380.00
◦ $1,089.13
◦ $764.81
◦ $403.20
◦ $350.61
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 Mr. Wonderful on Apr 25, 2021

okolip

  • Sr. Member
  • ****
  • Posts: 362
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


Mr. Wonderful

  • Member
  • Posts: 866
Reply 2 on: Apr 25, 2021
Gracias!

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

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.

Bayliss and Starling discovered the mechanism by which the small intestine and pancreas work togethe Bayliss and Starling discovered the mechanism by which the small intestine and pancreas work togethe
Snout and mouth of sand tiger shark, showing protruding teeth and small eyes Snout and mouth of sand tiger shark, showing protruding teeth and small eyes
Fine motor skills involve coordinating the many small muscles of the wrists, hands, and fingers. Fine motor skills involve coordinating the many small muscles of the wrists, hands, and fingers.
The small arrows indicate the air bypassing the throttle plate in the closed throttle position. ... The small arrows indicate the air bypassing the throttle plate in the closed throttle position. ...
Three-dimensional models of the small and large subunits of ribosomes. Three-dimensional models of the small and large subunits of ribosomes.
Business Math Business Math
Video: Carbon fixing adaptations Animation

For a complete list of videos, visit our video library