Question: i do need help with thes. please help .John borrowed $10000 for 2 years and 6 months at an annual interest rate of 8.5%. Calculate

i do need help with thes. please help .John borrowed $10000

i do need help with thes. please help

for 2 years and 6 months at an annual interest rate of

.John borrowed $10000 for 2 years and 6 months at an annual interest rate of 8.5%. Calculate the interest and the maturity value

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 Mathematics Questions!

Q:

i do need help with thes. please help .John borrowed $10000 for 2 years and 6 months at an annual interest rate of 8.5%. Calculate the interest and the maturity value

Q:

Old MathJax webview Alecia has $2,000 in savings. She has devised an investment strategy for the next 12 years. In the first 7 years she will invest in an asset paying 8% per year, which will...

Q:

Question 1 ( 11 marks) Alecia has $2,000 in savings. She has devised an investment strategy for the next 12 years. In the first 7 years she will invest in an asset paying 8% per year, which will...

Q:

Question 1( 11 marks) Alecia has $2,000 in savings. She has devised an investment strategy for the next 12 years. In the first 7 years she will invest in an asset paying 8% per year, which will...

Q:

Mike Derr Company expects to earn 8% per year on an investment that will pay $606,000 eight years from now. (PV of $1. FV of $1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables...

Q:

This is accounting course BUSI 453 advanced accounting. I need to make intercompany profit/gain and loss schedule for consolidated income anyone can help please? #7. useful life was 4 years. L The...

Q:

This is accounting course BUSI 453 advanced accounting. I need to make intercompany profit/gain and loss schedule for consolidated income anyone can help please? L The financial statements of Pa and...

Q:

Calculate the present value of $500,000 to be received in 7 years assuming an annual interest rate of 6%, compounded monthly. Calculate the future value of $13,500 invested for 10 years assuming an...

Q:

1. You plan to fund your individual retirement account (IRA) with the contribution of $6,000 at the beginning of each year for the next 30 years. If the annual interest rate is 5%, how much will he...

Q:

please and thank you Consolidations Problem (80 marks): Parent Ltd. purchased 75% of Sub Lid's voting stock on January 1, Year 4 for $150,000. The annual financial statements of Parent Ltd. and Sub...

Q:

If the solubility of iron(III) hydroxide is 1.49e-10 moles/litre,what is the ksp of iron(iii) hydroxide?

Q:

The recession of 20072009 and its slow recovery led to severe budget cuts in state governments across the United States. Public colleges and universities, which are highly subsidized by state...

Q:

Which ONE of the following statements is correct? Select one: A . All crimes in South Africa are created by statute. B . The very first question to be asked in determining a person's criminal...

Q:

Hogan Manufacturing Company has just adopted a standard cost system. You have been asked to analyze the materials purchases and usage for the month of August to determine the materials price variance...

Q:

To produce one unit of Product C requires eight hours of labor at a standard cost per hour of $25.00. During the month of September, 5,500 units were produced. Actual hours and costs for the month...

Q:

Scranton, Inc., is a company that sponsors seminars for executives. It has two profit centers, or divisions: a time-management group and a money-management group. Financial information for the two...

Q:

Mayhem Manufacturing provides the following standard cost data for one of its products: Direct materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 feet at...

Q:

Sports Manufacturing, Inc., produces and sells footballs. The standard cost for materials and labor for one regulation-size football is as follows: Direct materials. . . . . . . . . . . . . . . . . ....

Q:

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

Q:

List the four items that must be multiplied by each other to forecast total annual food sales revenue for the dinner period of a restaurant. LO1

Q:

Give an example of: a. A hotel departmental budget b. A capital budget for a restaurant LO1

Q:

What is derived demand? LO1