Consider a 4-year amortizing loan

Reference no: EM13301446

Consider a 4-year amortizing loan. You borrow 1,000 initially and repay it in 4 equal annual year-end payments. If the interest rate is 8%, show that the annual payment is 301.92.

Reference no: EM13301446

Questions Cloud

Calculate the thickness of the shell : Bowling balls can be made from a vaiety of substances and are required to have a circumference of roughly 27.6 inches. calculate the thickness of the shell

Determine the work done by the gravitational force : A person pushes a 16.0 kg shopping cart at a constant velocity for a distance of 30.0 m. She pushes in a direction 26.0° below the horizontal. Determine the work done by the gravitational force

Explain aluminum dissolves in hcl according to the equation : Aluminum dissolves in HCL according to the equation written below, whereas copper does not react with HCL: 2Al+6HCL ---> 2AlCl3 + 3H2 a 35 gram sample of copper-aluminum alloy is dropped into .750 L of 3M HCl, and the reaction above proceeds as fa..

What are the important elements of a project communication : What are the important elements of a Project Communication Plan? Please identify these elements, and briefly discuss their importance.

Consider a 4-year amortizing loan : Consider a 4-year amortizing loan. You borrow 1,000 initially and repay it in 4 equal annual year-end payments. If the interest rate is 8%, show that the annual payment is 301.92.

Prepare the journal entry to record the obligation cwml : Determine the cost CWML expects to incur in remediating the facility immediately after it closes inAugust 2032 and prepare the journal entry to record the obligation CWML faces as stipulated in the operatingpermit.

What is the work done by torque spinning the door : a 20kg door is spun for 27 s at an anglular speed of 1.2 rev/s by two seperate simultaneous forces. One pushes with force of 53 N, What is the work done by torque spinning the door

What if the bank pays compound interest : You deposit $1,000 in your bank account. If the bank pays 4% simple interest, how much will you accumulate in your account after 10 years? What if the bank pays compound interest? How much of your earnings will be interest on interest?

What obstacles does the company face in its sector : Leadership. Research and describe a time in which the company faced a major crisis that threatened its business. How did the company address and overcome this situation?

User Account

All Pages