A demand loan of $3000 is repaid by payments of $1500 after two years, $1500 after four
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (6 reviews)
Balance after 1 year PV 300000 I Y 9 C Y 4 i 94 225 00225 n 1 4 4 FV 30...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
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
A loan of $35 000 is repaid by payments of $925 at the end of every month. Interest is 12% compounded monthly. (a) How many payments are required to repay the debt? (b) What is the size of the final...
-
A loan of $7200 is repaid by payments of $360 at the end of every three months. Interest is 11% compounded quarterly. (a) How many payments are required to repay the debt? (b) What is the size of the...
-
What is the current economic value of an annuity due consisting of 22 quarterly payments of $700, if money is worth 6% compounded quarterly for the first three years, and 7% compounded quarterly...
-
As you might imagine, the chart of accounts for a manufacturing firm would be different from that of a service firm. Not surprisingly, service firms differ so much that software now exists for almost...
-
Analyze the answers of the manager you interviewed in Exercise B.6, and evaluate whether you would consider the person a responsible manager.
-
Peanut Company acquired 8 0 percent of Snoopy Company s outstanding common stock for $ 2 6 9 , 6 0 0 on January 1 , 2 0 X 8 , when the book value of Snoopy s net assets was equal to $ 3 3 7 , 0 0 0 ....
-
Discuss how a collaboration diagram represents the organization of objects that must cooperate to reach an objective.
-
OpenSeas, Inc., is evaluating the purchase of a new cruise ship. The ship would cost $500 million, but would operate for 20 years. OpenSeas expects annual cash flows from operating the ship to be $70...
-
A new medical practice purchases computer equipment that cost $ 1 5 , 0 0 0 , to be used for medical billing. In addition, the practice purchases billing software that cost $ 5 , 0 0 0 . Both the...
-
Matthew and Jonathan have owned a manufacturing company, Mattjon Limited, for 20 years. Matthew, who is 55 years old, retired from the business on December 31, 20X0. He and his wife plan to travel...
-
Sheridan Service has a line of credit loan with the bank. The initial loan balance was $6000. Payments of $2000 and $3000 were made after four months and nine months, respectively. At the end of one...
-
A variable rate demand loan showed an initial balance of $12 000, payments of $5000 after 18 months, $4000 after 30 months, and a final payment after 5 years. Interest was 11% compounded...
-
Dollarama Inc. reported the following liabilities (in thousands) in its February 1, 2015, financial statements (in thousands): Instructions (a) Identify which of the above liabilities are likely...
-
Information: 2022 May 01 31 June 01 Balance Sales Balance b/d SJ5 A Alexender J Mbeki S Khumalo J Henry M Smith b/d Debtor's List as at May 2022 Debtor DEBTORS CONTROL ACCOUNT 114 642 63 000 177 642...
-
Start with what amount you had for savings in your budget (Putting in savings 200.00 a month, then putting 250.00 in a ROTH IRA. Determine how much of that amount you will set aside for retirement....
-
Given 2x - 2 f(x) x- 1 for x on the interval [-00, 0], find lim f(x), if it exists. X-1
-
Find the curvature of r(t) at the point (1, 1, 1). r(t) = (t. 4.436 k =
-
Solve the initial value problem. Differential Equation: =9t 2i-tj dr dt Initial Conditions: Selected Answer: dt r-0 = -4 i, r(0) = 3i - 3 k r(t) = -2-2-31-21-3K
-
Determine each of the following as being either true or false. If it is false, explain why. 0.237 = 2.37 10 1
-
Design a circuit which negative the content of any register and store it in the same register.
-
Find the deviations from the mean?
-
Find the sum of squares of the deviations from the mean.
-
In a set of 36 months of data for medical leave that has a mean of 12 days per month and a standard deviation of 4.24, how many months are expected to have fewer than 16.24 days per month reported...
-
How could you proceed to find out how many of the eligible people would actually join the new chapter? Be specific about your methods of gathering data.
-
Discuss the role of linear programming in capacity planning and how it can be used to determine optimal production levels.
-
Prices of Athletic Shoes Prices (in dollars) of mens, womens, and childrens athletic shoes are shown. At the 0.05 level of significance, can it be concluded that there is a difference in mean price?
Study smarter with the SolutionInn App