User Account

All Pages

Calculate the size of payments

Assignment Help Business Management
Reference no: EM132681574

Anthony received a loan of $8,000 at 4.52% compounded semi-annually from a credit union to use as working capital for his business. He had to make semi-annual payments for a period of 5 years to settle the loan.

a. Calculate the size of his payments.

b. What was the total interest paid during the period?

c. What was the interest portion of payment number 3?

Reference no: EM132681574

Questions Cloud

Calculate the value of a put option : Use the Black-Scholes formula for the following stock:
What is the annual implied interest of a five?-year zero : What is the annual implied interest of a five?-year zero-coupon bond of 12?% and a par value of ?$1,000??
What amount should Vaughn report as its December inventory : Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Vaughn report as its December 31 inventory
After-tax cost to shareholders of remunerating : The firm's income tax rate is 36 percent. What was the after-tax cost to shareholders of remunerating this employee with options?
Calculate the size of payments : Anthony received a loan of $8,000 at 4.52% compounded semi-annually from a credit union to use as working capital for his business. He had to make semi-annual p
Explain size of the payments at the end of every quarter : A $65,000 loan was amortized over 12 years at 3.00% compounded monthly. Payments were made at the end of every quarter to clear the loan.
Compute the cost of the ending inventory : Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Bonita uses a periodic inventory system
Survive a downturn in the economy : Are there any current events in the financial market that will challenge the strength of the banks in 2020? How to estimate whether each bank will have enough
Compute the monthly loan constant : Compute the monthly loan constant. Express your answer as a %. For example, if your loan constant is .056 enter in the box below, 5.6%.

Reviews

Write a Review

Business Management Questions & Answers

  Analyzing added value of visionary leader

Analyze the added value of this visionary leader brings to the organization based upon your research.

  Explain what type of organization do you want

Explain What type of organization do you want to work for in the future and Do you believe that strong communication skills are necessary in every type of organization?

  Develop a level two map to detail the control points

Develop a Level 2 map to detail the control points of the selected control area, and then develop Level 3 maps to identify control elements (input, output, process, and failure modes) of key control points.

  New entrants because of the internet

What are some examples of industries where there have been a lot of new entrants because of the Internet? Have these new entrants been successful?

  How can you mitigate the negative impact of the trends

Analyze the trends, and thinking as a healthcare administrator, how do you capitalize on these trends to improve operation and bottom line performance? How can you mitigate the negative impact of the trends?

  Functional areas of project management framework

Describe main objectives of each functional area and project risk factors face by information technology.

  Full-scope evaluation and importance within the workplace

Explain full-scope evaluation and importance within the workplace. Expand upon your thoughts on what make full-scope evaluation different from simple evaluation

  How do you use statistics in your daily life

How do you use Statistics in your daily life? What statistics topics have you learned in previous classes?

  Organization legally hire employees based upon religion

When may an organization legally hire employees based upon religion, sex, or national origin? Provide an example of a job that would permit such a restriction (one example for each of the three qualifications).

  Discuss the processes for successfully implementing change

Drawing from this week's lecture and readings, discuss the processes for successfully implementing and sustaining change.

  Please explain flowchart of all activities

Please explain flowchart of all activities that should be completed when reviewing an applicant who wishes to be given medical staff

  Share a sample metaphor that captures

Share a sample metaphor that captures how you feel about conflict and reframe it into a more neutral or positive metaphor.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd