subject
Business, 18.02.2021 21:30 tylerbrewton23

You borrow $10,000 at 15% per year and will pay off the loan in three equal annual payments with the fi rst occurring at the end of the fourth year after the loan is made. The three equal annual payments will be $6,661.08. Which of the following is true for your fi rst payment at the end of year 4?Interest = $2,975.63Principal = $5,712.74Interest = $985.45Principal = $6,569.65Interest = $2,436.52Principal = $7,555.10Interest = $3,421.97Principal = $6,569.65Interest = $0.00Principal = $9,991.62Interest = $2,118.71Principal = $6,569.65Interest = $1,303.26Principal = $8,688.37Interest = $2,587.50Principal = $4,967.60Interest = $2,250.00Principal = $7,741.62Interest = $9,991.62Principal = $0

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:50
Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?
Answers: 1
question
Business, 22.06.2019 07:30
Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.
Answers: 3
question
Business, 22.06.2019 08:50
Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.
Answers: 2
question
Business, 22.06.2019 09:50
Why should managers invest any excess cash
Answers: 1
You know the right answer?
You borrow $10,000 at 15% per year and will pay off the loan in three equal annual payments with the...
Questions
question
Mathematics, 12.12.2020 21:30
question
Business, 12.12.2020 21:30
question
Mathematics, 12.12.2020 21:30