Find the unpaid balance immediately after the 5th payment

Assignment Help Finance Basics

Reference no: EM13305830

A debt of $8800 is to be amortized with 8 equal semiannual payments of $1389.20. If the annual interest rate is 11% compounded semiannually, find the unpaid balance immediately after the 5th payment.

Reference no: EM13305830

Questions Cloud

What is the amplitude of the oscillating electric field : A betatron is a charged particle accelerator that works by generating an induced electric field to accelerate the charged particles. What is the amplitude of the oscillating electric field at a distance 0.62 m from the axis of the betatron

The chief human resource officer : You are the Chief Human Resource Officer (CHRO) at your organization

What is the firm diluted earnings per share : Kinston has 200,000 shares of common stock and 50,000 warrants outstanding. Each warrant entitles its owner to buy one share at a price of $20 before 2020. The firm's basic earnings per share is $2.50. What is the firm's diluted earnings per share..

Determine the mass in grams of the cup : A 12.69 g ice cube at -6.33 oC is place in an aluminum cup whose initial temperature is 135.39 oC. What is the mass in grams of the cup

Find the unpaid balance immediately after the 5th payment : A debt of $8800 is to be amortized with 8 equal semiannual payments of $1389.20. If the annual interest rate is 11% compounded semiannually, find the unpaid balance immediately after the 5th payment.

Factors that affect foreign policy : Please subject the factors that affect foreign policy making in middle east - The factors that affect the foreign policy making in the middle east

Compare prismoidal volume to the corrected end area volume : Calculate the prismoidal correction and compare the prismoidal volume to the corrected end area volume. Station Left Center Right Area (sq. ft.) 1+00 C7.0/ C8.2/ C8.5/ 256.90 31.3 0.0 24.5 1+50 C5.3/ C5.0/ C3.5/ 207.62 29.5 0.0 21.8 2+00

What is the amount per share that old shareholders will lose : Since the shares will be offered to the public at large, what is the amount per share that old shareholders will lose if they are excluded from purchasing new shares?

Estimate the activity of the sample : Consider a 1.0 g sample of carbon with 14C / 12C of 1.3 x 10-12. What is the activity of the sample

User Account

All Pages