Calculate the total interest on the note

Assignment Help Financial Management

Reference no: EM131342762

A business borrows $1,000, giving a note that requires an interest rate of 12 percent per year and repayment of principal plus interest in a single payment at the end of one year.

Calculate the total interest on the note. What is the amount of the single payment?

Reference no: EM131342762

Questions Cloud

Why is it important for an organization to have a mission : Why is it important for an organization to have a mission? Why is it important for team members to know their roles on a team? Is competition within a team a good or bad thing? Explain your response

What is the focus of your interview : During this course you have developed knowledge of consumer behavior. In this assignment you will apply that knowledge to an analysis of the consumer buying decision process. Your focus should be on the specific behaviors consumers engage in and i..

Write an essay about many rivers to cross : Write an essay about Many Rivers to Cross. Discuss major developments in institution of slavery in 19th century and the impact of these changes for the US as a whole and the experiences of African Americans particularly.

What is the principal amount of the note : A business borrows $1,000, giving a note that requires repayment of the amount borrowed in two payments of $600 each, one at the end of each of the next two six-month periods.- Calculate the total interest on the note.

Calculate the total interest on the note : A business borrows $1,000, giving a note that requires an interest rate of 12 percent per year and repayment of principal plus interest in a single payment at the end of one year. - Calculate the total interest on the note. What is the amount of th..

Genetic relationship between millie and the baby : Will she be my twin? Will she be my sister, my stepsister, my cousin?" Can you answer the questions? What is the genetic relationship between Millie and the baby? What processes are involved in the formation of gametes, and how do they affect gene..

Causes for dolly deterioration : There are many hypothesis about causes for Dolly's deterioration. Propose one hypothesis about the role of telomeres in dividing cells as she aged.

Describe what happens when receivables are factored : Accepting major credit cards requires the seller to pay a service charge. What advantages does the seller obtain by accepting major credit cards?

Write a brief about macro environment : The assignment should be ncluding the cover page introduction and conclusion and references the topic of it is macro environment and the focus is on effect of technology on marketing.Write a brief about macro environment . Go in details about the ..

User Account

All Pages