subject
Business, 06.09.2021 16:10 puppylove899

Lan loaned his friend $25,000 to start a new business. He considers this loan to be an investment, and therefore requires his friend to pay him an interest rate of 9% on the loan. He also expects his friend to pay back the loan over the next four years by making annual payments at the end of each year. Ian texted and asked that you help him calculate the annual payments that he should expect to receive so that he can recover his initial investment and earn the agreed-upon 9% on his investment. Calculate the annual payment and complete the following capital recovery schedule:Year Beginning Amount Payment Interest Paid Principal Paid Ending Balance1 $25,000.00 2 3 4 -$0.01

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:40
Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?
Answers: 1
question
Business, 22.06.2019 06:00
If you miss two payments on a credit card what is generally the penalty
Answers: 1
question
Business, 22.06.2019 11:00
What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.
Answers: 3
question
Business, 22.06.2019 20:00
If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability
Answers: 2
You know the right answer?
Lan loaned his friend $25,000 to start a new business. He considers this loan to be an investment, a...
Questions
question
Social Studies, 03.12.2020 02:40
question
Mathematics, 03.12.2020 02:40
question
Mathematics, 03.12.2020 02:40
question
Mathematics, 03.12.2020 02:40
Questions on the website: 13722367