Question: Answer complete with full steps to get 100% feedback!! Must use compound interest table. One of your friend borrows $100000 from bank to start a

Answer complete with full steps to get 100% feedback!!

Must use compound interest table.

One of your friend borrows $100000 from bank to start a new company. He needs to make annual equal payments for the next 7years at an interest rate of 8% per year.

Find the annual equal payments using compound interest tables.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Answer complete with full steps to get 100% feedback!! Must use compound interest table. One of your friend borrows $100000 from bank to start a new company. He needs to make annual equal payments...

Answer complete with full steps to get 100% feedback!! Must use compound interest table from online. A company is planning to produce some goods. In order to start they need $25million 4 years from...

Answer all parts complete and correct with full steps to get 100% feedback!! A company felt that they are changing mobiles every 3 years for their employees. Hence the company set aside an amount 3...

UNIT 5 QZ, Q-20 UNIT 5 / UNIT 8 QUESTIONS KEEP ANSWERS SEPARATE BY UNITS UNIT II STUDY GUIDE Consumer Mathematics Reading Assignment See information below. Key Terms 1. Add-on interest method 2....

I need to create an executive level report on the internal management of Belk. Inc. My assignment is that I am looking to acquire Belk, What information and analysis do I need to have in this report?...

A regular language is a language that can be defined by a regular expression. 0 2 . 1 Complete the unshaded cells of Table 1 to show which of the statements about regular languages are true and which...

##################>### #################j###########l###########i### ## ###################H#####bjbj#################### ###.4##h##h##...

Please answer this as soon as possible. The present value of an annuity of $2,000 payable at the start of each month at J12 = 12% for 8 years is: Select one: O A. $290,271.42 O B. $124,285.96 O C....

Can someone help me create the journal entries for this?? Please use the correlating numbers for each transaction 100000 Bank Account 110100 Accounts Receivable (Direct Posting Account) 110150...

The following data pertain to Polar Company's commercial snow thrower: Required:For each of the following cost bases, determine the appropriate percentage markup that will result in a price of $980...

The friends have expanded the shop to include sales of tablets as well as consulting services activities. The new company name is FMoore Consulting and Sales Inc. All transactions for the company...

How can financial planners effectively reduce client stress and build rapport in the initial stages of the client - planner relationship? A ) By immediately discussing financial strategies to...

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

2. Assess the management, organization, and technology factors that have created this problem. In July 2010, reports surfaced about a Stuxnet worm that had been targeting Irans nuclear facilities. In...

8-5 Security isnt simply a technology issue, its a business issue. Discuss.

2. What is the possible business impact of this security breach for both MWEB and its customers? BMWEB, launched in 1997, became South Africas leading ISP in 1998. It has established itself as a...