Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. fuppose you borrowed $65.000 at a rate of 8.4% and

fuppose you borrowed $65.000 at a rate of 8.4% and must repay it in 5...

50.1K

Verified Solution

Question

Finance

image
fuppose you borrowed $65.000 at a rate of 8.4% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would von still owe at the end of the first year, after you have made the first payment? a. 548,54834 b. 552,000.00 c. 554,008:34 d. 555.283 .19 e. 549,821.19

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Casey Nelson is a divisional manager for Pigeon Company. Hisannual pay raises are largely...

Accounting
Q

Students attending a certain university can select from 130 major areas of study. A student's major...

Statistics
Q

How do we write regulations of any electronic health records for any industry in general and how...

Operations Management
Q

fagyalaya AY DAHEIGH OPTIONS MARK FOR REVIEW CLEAR SELECTION A The dimensions of dipole moment...

Physics
Q

Ned (40kg) and Ed(54kg) are twins. Ned runs up stairs (6m high) in 3 s...

Physics
Q

The surface area of the cone is 1057 square feet Find the slant height of...

Geometry
Q

25 36 25 36 Simplify your answer Type your answer in the form a biType...

Algebra
Q

What is the Gross Price of the following transaction? Target Net Price: 465,000...

Accounting
Q

How do I find the green highlighted squares in the table and is my working...

Accounting
Q

Ramon and Bridget Stamons are married. Ramon purchases a new residence for $280,000 (Bridget does...

Accounting
Q

do it asap 1. During the financial crisis and afterwards gold prices skyrocketed. Discuss...

Accounting
Q

Budgeted income statement and supporting budgets The budget director of Gold Medal Athletic Co., with...

Accounting