subject
Business, 30.07.2020 01:01 marisolrojo2002

A $10,000 loan is being paid off by annual payments of $2,000 plus a smaller final payment. If the effective annual rate of interest is 15%, and the first payment is made one year after the time of the loan, find the amount of interest, $X, contained in the fifth payment.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:00
Intronix uses copy editors, computer graphics specialists, and java programmers to produce ads for magazines and the internet. the average new ad for magazines typically requires 180 hours of a copy editor's time and 135 hours of a computer graphics specialist's time, whereas ads produced for the internet require 35 hours of copy editor time, 195 hours of computer graphics time, and 60 hours of a java programmer's time. lassie food, a dog food manufacturer, has hired intronix to produce ads in the next four week. although currently it considers magazine ads 3 times more valuable than internet ads, it still wishes to have at least 2 of each produced within the next four weeks. intronix has assigned up to 3 copy editors, 4 computer graphics specialists, and 1 java programmer, each committed to work up to 70 hours per week on the project. how many of each type of ad should be produced to maximize the overall value to lassie foods
Answers: 3
question
Business, 23.06.2019 12:30
Zowns a disability income policy with a 30-day elimination period. z contracts pneumonia that leaves him unable to work from january 1 until january 15. z then becomes disabled from an accident on february 1 and the disability lasts until july 1 the same year. z will become eligible to receive benefits starting on
Answers: 2
question
Business, 23.06.2019 18:50
To determine customer opinion of their safety features, daimler minus chrysler randomly selects 120 service centers during a certain week and surveys all customers visiting the service centers.
Answers: 1
question
Business, 24.06.2019 02:30
Acompany enters into a short futures contract to sell 5,000 bushels of wheat for 250 cents per bushel. the initial margin is $3,000 and the maintenance margin is $2,000. what price change would lead to a margin call? under what circumstances could $1,500 be withdrawn from the margin account?
Answers: 2
You know the right answer?
A $10,000 loan is being paid off by annual payments of $2,000 plus a smaller final payment. If the e...
Questions
question
Computers and Technology, 29.10.2020 23:10
question
History, 29.10.2020 23:10
question
Mathematics, 29.10.2020 23:10
question
Health, 29.10.2020 23:10
question
Mathematics, 29.10.2020 23:10
Questions on the website: 13722361