subject
Business, 03.08.2021 01:50 clemsongirl5392

If your uncle borrows $70,000 from the bank at 12 percent interest over the ten-year life of the loan. a. What equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest?
b. How much of his first payment will be applied to interest?
c. How much of his second payment will be applied to each?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 10:30
The advertisement demonstrates a popular way companies try to sell a product. what should consumers consider when it comes to the price of this product? it includes shipping and handling costs. it takes into account maintenance costs. it explains why this price is a good deal. it makes the full cost appears lower than it is.
Answers: 1
question
Business, 22.06.2019 12:40
Alarge tank is filled to capacity with 500 gallons of pure water. brine containing 2 pounds of salt per gallon is pumped into the tank at a rate of 5 gal/min. the well-mixed solution is pumped out at the same rate. find the number a(t) of pounds of salt in the tank at time t.
Answers: 3
question
Business, 22.06.2019 17:30
After the embarrassing sign incident at the restaurant you own, you decide to offer employees a six-week fundamental writing skills workshop. a local business communication instructor, who has experience teaching writing skills at treleaven community college, will facilitate the sessions. to encourage employees to attend these optional sessions, write an email that explains why you’re offering the workshop and why employees should participate.
Answers: 2
question
Business, 22.06.2019 20:00
A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?
Answers: 2
You know the right answer?
If your uncle borrows $70,000 from the bank at 12 percent interest over the ten-year life of the loa...
Questions
question
History, 01.01.2020 16:31
question
Mathematics, 01.01.2020 16:31
question
Mathematics, 01.01.2020 16:31
question
Mathematics, 01.01.2020 16:31