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 70 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
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%. What is your total interest expense in the first year of the loan?
◦ $1,380.00
◦ $1,089.13
◦ $764.81
◦ $403.20
◦ $2,529.29
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 RODY.ELKHALIL on Apr 25, 2021

meganlapinski

  • Sr. Member
  • ****
  • Posts: 333
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


RODY.ELKHALIL

  • Member
  • Posts: 591
Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Tubal ligation. To minimize the size of the incisions necessary, laparoscopic surgery may be used to Tubal ligation. To minimize the size of the incisions necessary, laparoscopic surgery may be used to
Small Town USA: Struggling to Survive Small Town USA: Struggling to Survive
Using small, circular strokes, exfoliate the client’s neck and back. Using small, circular strokes, exfoliate the client’s neck and back.
Endocytosis: Absorption Methods in the Small Intestine Endocytosis: Absorption Methods in the Small Intestine
Research that has examined babies' ability to recognize themselves develops in the 2 year Research that has examined babies' ability to recognize themselves develops in the 2 year
Video: Red alga life cycle Animation

For a complete list of videos, visit our video library