A $15,000 loan at 11.5% compounded semiannually is advanced today. Two payments of $4000 are to be
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
Let x represent the final loan payment L...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
Determine the amount that must be deposited now at compound interest to provide the desired sum for each of the following: 1. Amount to be invested for 10 years at 6% per annum, compounded...
-
The principal plus interest at 10% compounded quarterly on a $15,000 loan made 2 years ago is due in two years. The debtor is proposing to settle the debt by a payment of $5000 today and a second...
-
Outline the following problems. 1- You of each of the next 5 years in a savings account paying 6% compounded annually, how much will you accumulate after 5 years? 2- James Smith has a 4-year ordinary...
-
Stanley, Inc. issues 15-year $1,000 bonds that pay $85 annually. The market price for the bonds is $960. Your required rate of return is 9 percent.
-
Prost Company has filed a bankruptcy petition. Its account balances at December 31, 2012, are presented here: Cash................... $ 2,500 Notes Receivable................ 60,000 Accounts...
-
Maximize the objective function 2x + 4y for the following constraints. x 0 y 0 3x + 2y 12 5x + y 5
-
Two bonding agents, \(A\) and \(B\), are available for making a laminated beam. Of 50 beams made with Agent \(A, 11\) failed a stress test, whereas 19 of the 50 beams made with Agent \(B\) failed. At...
-
Youth Services Agency (YSA) is a VHWO that provides counseling and recreation programs for youthful offenders. YSAs programs are financed through a contract with the county in which the agency is...
-
Arvin, Inc., produces two products, ins and outs, in a single process. The joint costs of this process were $77,300, and 14,000 units of ins and 36,000 units of outs were produced. Separable...
-
The adjusted seasonal indexes presented in Table P-19 reflect the changing volume of business of the Mt. Spokane Resort Hotel, which caters to family tourists in the summer and skiing enthusiasts...
-
Teresita has three financial obligations to the same person: $2700 due in 1 year, $1900 due in 1 years, and $1100 due in 3 years. She wishes to settle the obligations 2 with a single payment in 2 ...
-
A $4000 loan at 10% compounded monthly is to be repaid by three equal payments due 5, 10, and 15 months from the date of the loan. What is the size of the payments?
-
Fill in each blank so that the resulting statement is true. If 4p = -28, then the length of the latus rectum is_________ . The endpoints of the latus rectum are________ and_________ .
-
Which statement is the most accurate? a) Because of the efforts of the Veterans Administration, only a handful of veterans are homeless. b) Most military families have to get by on food stamps and...
-
Which statement is the most accurate? a) Although there are poor children in the United States, our child poverty problem is not nearly as bad as that of most other rich countries. b) The reason so...
-
Which makes the most sense economically? (LO2) a) individual self-sufficiency b) national self-sufficiency c) national specialization d) none of the above
-
An American importer of Italian shoes would pay in ______. a) dollars b) gold c) euros d) lira
-
Our balance of trade ______. a) has always been positive b) turned negative in the mid-1970s c) turned negative in the mid-1980s d) has always been negative
-
A constant volume vessel of 100 liters holds 1 kg of water at an initial pressure of 30 bar. The container is then cooled to 305 K. Determine the initial temperature of the system as well as the...
-
An investor sells a European call on a share for $4. The stock price is $47 and the strike price is $50. Under what circumstances does the investor make a profit? Under what circumstances will the...
-
The construction time for a bridge depends on weather conditions. The project is expected to take 250 days if the weather is dry and the temperature is hot. If the weather is damp and cool, the...
-
You recently had an auto accident that was your fault. If you have another accident or receive another moving violation within the next 3 years, you will become part of the "assigned risk" pool, and...
-
Two instructors announced that they "grade on the curve," that is, give a fixed percentage of each of the various letter grades to each of their classes. Their curves are as follows: If a random...
-
A nursing team is having a routine meeting. One of the nurses, Stephen, is at the end of a 12-hour shift, and another nurse, Tanya, is just beginning hers. Tanya is a senior nurse in the unit with...
-
Assume that you are the leadership team of a convenience store chain that has more than 300 outlets. The company is facing an inventory shrinkage problem, and store managers report that the main...
-
1 . An employee at Amy's candles has noticed that some order quantities in the two reports presented are different although the order numbers are the same. We normally refer to such data as dirty....
An Easy Way Of Learning HTML CSS JavaScript PHP And MYSQL 1st Edition - ISBN: 6200085196 - Free Book
Study smarter with the SolutionInn App