Explain the equal annual payments

Assignment Help Business Economics
Reference no: EM133134142

You borrow $5,000 at 14% per year and will pay off the loan in three equal annual payments with the first occurring at the end of the fourth year after the loan is made. The three equal annual payments will be $3,190.74. Which of the following is true for your first payment at the end of year 4?

Reference no: EM133134142

Questions Cloud

Do you agree or disagree with the commissioner argument : A member of the city commission insists that the city's internal service fund complete. Do you agree or disagree with the commissioner argument
Key differences between stakeholders and stockholders : What are two key differences between stakeholders and stockholders? What is the difference between effectiveness, efficiency, and productivity?
How much is the gross profit : Liberty Company has sales of P3 million, accounts receivable of P2 million, cost of goods sold of P1 million, how much is the gross profit
What is the cost of common equity : Summerdahl Resort's common stock is currently trading at $32 a share. What is the cost of common equity
Explain the equal annual payments : You borrow $5,000 at 14% per year and will pay off the loan in three equal annual payments with the first occurring at the end of the fourth year after the loan
What would total cost be to lease the cars for four years : A four year lease would require $1750 per car at signing, then monthly payments of $400 per car per month. What would total cost be to lease the cars
Which leadership responsibility of the president : 1. Which leadership responsibility of the President do you consider most important? Why?
Difference between demand and quantity demanded : Describe a real or hypothetical example of a change in demand? In your post be sure to address the following 1-4
Would the sides want to ban lawyers : Every year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator who chooses the best proposal (effectively gi

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

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