Ayla has borrowed $75,000 at 6.00% for six years. How much interest has accrued over the six
Question:
Ayla has borrowed $75,000 at 6.00% for six years. How much interest has accrued over the six years, and what is the total outstanding balance assuming no principal pay down and simple interest calculation?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
27000 i...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Foundations Of Real Estate Financial Modelling
ISBN: 9781138046184
2nd Edition
Authors: Roger Staiger
Question Posted:
Students also viewed these Business questions
-
This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
-
Developments in Technology Light is incident from air on the end face of a multimode optical fibre at angle of incidence as shown below. n n 1 2 The refractive indices of the core and cladding are...
-
Last Sale Net Bid Ask Open Int Puts Last Sale Net bid Ask Vol Open Int 16Aug 155.00(1619H155-E) 6.45 0.75 6.95 7.25 9 16Aug 155.00(1619T155-E) 1.18 (0.75) 1.17 1.25 61 4505 16Aug 166.00(1619H160-E)...
-
A triangular truss structure is shown below. If all truss members are 2.0 m long (a, b, & c in the sketch) and forces L and Rare both 8.0 kN, then what is the force in truss member a? Assume that the...
-
A 500 kg spacecraft first is placed into a circular orbit about the earth at an altitude of 4500 km and then is transferred to a circular orbit about the moon. Knowing that the mass of the moon is...
-
Margrethe and Charles Pyeatte, a married couple, agreed that she would work so that he could go to law school and that when he finished, she would go back to school for her masters degree. After...
-
Mind & Motion entered into a real estate purchase contract (REPC) with Celtic Bank to buy a large piece of the banks foreclosed property. Although the county had approved plans to construct...
-
The following T-accounts represent November activity. Additional Data Materials of $113,600 were purchased during the month, and the balance in the Materials Inventory account increased by $11,000. ...
-
Data manipulation language (DML) provides a number of capabilities that allow you to build custom queries of existing data. What are two capabilities you might use to limit the data you select or...
-
Chandler invests $25,000 for 10 years in a financial product with a guaranteed compounded annual return of 4.00%. What is Chandlers account balance at the end of 10 years?
-
Assuming there was no principal pay down during the five years, what is the ending balance for John (see problem #1) at the end of five years?
-
1. According to the writer, a change in our law a new duty to rescue might change the way people think, heightening their awareness of one another as members of a community, and leading them to be...
-
A2A SpA is an Italian utility firm. Its most recent dividend was 0.013 per share. In the past year, the company has experienced financial difficulties and the share price has dropped by more than 20...
-
An investment project has annual cash inflows of 20,000, 35,400, 48,000 and 54,500, and a discount rate of 14 per cent. What is the discounted payback period for these cash flows if the initial cost...
-
Consider four different equities, all of which have a required return of 15 per cent and a most recent dividend of 4.00 per share. Equities W, X and Y are expected to maintain constant growth rates...
-
What are the main elements of corporate finance? How might these elements relate to typical family life?
-
What is the profitability index, and how is it calculated? Discuss the main applications of the profitability index in capital budgeting. When is it most useful and what are its weaknesses? What is...
-
Two blocks connected by a cord passing over a small, frictionless pulley rest on frictionless planes (Fig. 5.70). (a) Which way will the system move when the blocks are released from rest? (b) What...
-
Show that every group G with identity e and such that x * x = e for all x G is abelian.
-
Equipment Accounts payable Cash Supplies Accounts receivable Year 3 $18,000 2,300 600 Year 2 Year 1 $16,000 $14,000 8,900 9,300 8,200 1,200 1,400 1,700 Notes payable 10,300 Inventory 800 -1,000 .400...
-
Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Use the minus sign to indicate a decrease in the "Increase/(Decrease)" columns....
-
Explain how and why the financial statements are linked together.
Study smarter with the SolutionInn App