A $1000 credit card debt was to be repaid in 12 months. If $1500 was repaid, what
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
PV 100000 FV 150000 n 12 12 365 365 C Y 365 150000 10...View the full answer
Answered By
Muhammad Khurram
I have strong General Management skills to apply in your projects. Over last 3 years, I have acquired great knowledge of Accounting, Auditing, Microsoft Excel, Microsoft PowerPoint, Finance, Microsoft Project, Taxation, Strategic Management, Human Resource, Financial Planning, Business Planning, Microsoft Word, International Business, Entrepreneurship, General Management, Business Mathematics, Advertising, Marketing, Supply Chain, and E-commerce. I can guarantee professional services with accuracy.
4.80+
249+ Reviews
407+ 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 debt of $600 was to be repaid in 15 months. If $705.25 was repaid, what was the nominal rate compounded monthly that was charged?
-
If the effective rate is 18%, what is the nominal rate compounded annually, quarterly, monthly, and daily?
-
It is the end of December and Natalie has been in touch with her grandmother. Her grandmother is curious to know if Natalie has been profitable and if Natalie requires another loan to help finance...
-
1. Find the general indefinite integral (x +x)dx 2. Find the general indefinite integral (u +4)(2u +1)du 7/4 1+cos? 0 de cos 0 3. Evaluate the integral . 4. Evaluate the integral by making the given...
-
In a simple linear regression based on 25 observations, the following intermediate data are given: (yi - )2 = 1250 and (yi - )2 = 1500. a. Calculate se2 and se. b. Calculate R2.
-
There are two ways of combining candidates' assessment scores so that they can be compared with one another. Discuss the multiple hurdles approach and the compensatory approach. Which approach to...
-
On a surprise basis, an auditor may elect to distribute paychecks to employees personally. What is the primary purpose of this audit procedure? a. To assure that no extra payroll checks are prepared...
-
Using annual, semiannual, and quarterly compounding periods for each of the following, (1) calculate the future value if $5,000 is deposited initially, and (2) determine the effective annual rate...
-
Compute the maturity date and the maturity value associated with each of the following notes receivables. (Use 360 days for calculation.) 1. A $20,800, 6%, 3-month note dated April 20. 2. A...
-
The totals line from Nix Company's payroll register for the week ended March 31, 20--, is as follows: Payroll taxes are imposed as follows: Social Security tax, 6.2%; Medicare tax, 1.45%; FUTA tax,...
-
What is the nominal annual rate of interest compounded quarterly at which $420 will accumulate to $1000 in nine years and six months?
-
A principal of $2000 compounded monthly amounts to $2800 in 7.25 years. What is the nominal annual rate of interest?
-
Determine whether the series converges absolutely or conditionally, or diverges. 18 n=0 (-1)^ n + 4
-
4. [10 Pts] A harmonic excitation (above wo) at 102 Rad/s causes a beating at 1 Rad/s in undamped torsional oscillator with mass M = 1 kg, radius R = 0.5 m, and thickness h = 0.2 m. F(t) M 2R...
-
For the following 4 buoyancy problems, you are required to give the following information or no credit will be given for the problem: a.) Properly labeled FBDs b.) Your Forces drawn into a coordinate...
-
Determine the electric field at the location shown with the "X" in unit vector notation. The charge magnitudes are q1 = 4.3 nC and q3 = 6.7 nC, The distance is d = 0.190 m. Show a free body diagram...
-
Rank the following in terms of which hits the ground, from first to last: 100 g 10 m 100 g 10 m/s 10 m ) SEMEN 100 g 10 m THER ANDERE 20 m/s 200 g 4 10 m/s 10 m 100 g T 10 m/s 20 m PRIM
-
Three friends tie three ropes in a knot and pull on the ropes in different directions. Adrienne (rope 1) exerts a 100-N force FA on K that points 30 below the positive x-axis and Jim (rope 2) exerts...
-
The W-2 income of Sandra, a single taxpayer, was $77,243. Using the tax tables, determine Sandras tax liability.
-
After looking at the resources, explain what a spirit image is. Why might looking at a god and/or a human in terms of their spirit be helpful if you want to eliminate some of the divisions between...
-
You have carefully examined your budget and determined that you can manage to set aside $250 per year. So you set up an annuity due of $250 annually at 7% annual interest. How much will you have...
-
June Watson is contributing $3,000 each year to a Roth IRA. The IRA earns 3.2% per year. How much will she have at the end of 25 years? See Examples 9 and 15.
-
Marvin Murphy contributes $400 per month to a payroll deduction 401 (k) at work. His employer matches his contribution up to $200 per month. If the fund averages 5.4% per year, how much will be in...
-
American Blossom management is planning to make a $3.7 million loan to a French firm. Currently, LIBOR is at 0.55 percent. American management considers a default risk premium of 1.10 percent, a...
-
The following account balances are for Ping Chung, Certified Public Accountant, as of April 30, 20X1. Cash Accounts receivable $120,000 48,000 Maintenance expense 21,400 Advertising expense 17,060...
-
Abbott Equipment leased a protein analyzer to Werner Chemical, Inc., on September 30, 2021. Abbott purchased the machine from NutraLabs, Inc., at a cost of $5 million. The five-year lease agreement...
Study smarter with the SolutionInn App