subject
Business, 06.12.2021 23:40 VICTURN3666

A loan of $1,000 is to be repaid by annual installments at the end of each year for 21 years using the following schedule: In years 1 through 10, the installment is $50. In years 11 through 20, the installment is $100. In year 21, the installment equals the balance amount required to liquidate the loan. Interest is at a 5% annual effective rate. Required:
What ranges does the amount of principal included in the 12th installment lie?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 12:00
Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?
Answers: 1
question
Business, 22.06.2019 15:00
Because gloria's immediate concern was the perceived gender discrimination, she would be more concerned about than intent, resultsresults, intentstatistics, trendsrace,gendergender,race
Answers: 2
question
Business, 22.06.2019 17:00
Zeta corporation is a manufacturer of sports caps, which require soft fabric. the standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. during the month of january, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. what is zeta corporation's materials price variance for the month of january?
Answers: 2
question
Business, 23.06.2019 01:50
You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?
Answers: 3
You know the right answer?
A loan of $1,000 is to be repaid by annual installments at the end of each year for 21 years using t...
Questions
question
Geography, 21.09.2019 05:30
question
Mathematics, 21.09.2019 05:30
question
Mathematics, 21.09.2019 05:30
Questions on the website: 13722362