Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. gibran bought a boat valued at $110,194.00 on the

Gibran bought a boat valued at $110,194.00 on the installment plan. He made equal semi-annual...

90.2K

Verified Solution

Question

Accounting

  1. Gibran bought a boat valued at $110,194.00 on the installment plan. He made equal semi-annual payments for 6 years. If the first payment is due on the date of purchase and interest is 7.5% compounded semi-annually, what is the size of the semi-annual payments?

    $11153.47

    $11032.21

    $11458.82

    $10293.45

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. Graduated cylinders are not as precisely calibrated as are burets or volumetric pipets. Briefly explain...

Chemistry
Q

Chapter 3: Applying Excel 2 3 Enter a formula into each of the cells marked with a ? below 4 Review...

Accounting
Q

1 Show that the mass defect of the nuclear reaction 1BeB e is given as...

Physics
Q

HAME 19 In trapezoid JKLN JK ZN Find the endpoints of the midsegment N E...

Geometry
Q

Identify the explanatory variable and the response variable the number of hours a child spends...

Statistics
Q

1 10 Points Compute lim sin 4x 0 2x 2x

Calculus
Q

ev approximation rounded to four decimal places If there is no solution indicate No Solution...

Algebra
Q

The function f t 1 5t 16 9 can be used to estimate the yearly...

Algebra
Q

Shares of Pablo Rada, Inc. sell for $37.13 each. The company will pay a $3.10...

Accounting
Q

Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the...

Accounting
Q

10 10. 11 12 14 15 24 16 17 18 19 20 21 22 22...

Accounting
Q

At the beginning of the day, a company had a ledger balance and available balance...

Finance