How many payments will it take to settle the loan

Assignment Help Accounting Basics
Reference no: EM133043538

Question - Longcore Technologies has to settle a business loan of $60,000, which has an interest rate of 13% compounded semi-annually. The settlement will consist of semi-annual payments of $12,000 (with the first payment being made six months from now). How many payments will it take to settle the loan?

Reference no: EM133043538

Questions Cloud

Association rule in data mining : What is the association rule in data mining? How does the association rule allow for more advanced data interpretation?
What dollar sales volume is currently required : Assuming an income tax rate of 20%, what dollar sales volume is currently required to obtain an after-tax profit of $1,000,000
Defined contribution pension plan : Assume that you are an employee, age 30, and you are given your choice of participating either in the Defined Benefit Pension plan
Highly functional cybersecurity division : China is considered to have a highly functional cybersecurity division within its government, consisting of several organizations.
How many payments will it take to settle the loan : The settlement will consist of semi-annual payments of $12,000 (with the first payment being made six months from now). How many payments will it take
Which pay system would work best in organization : Distinguish between the various pay models that companies use in compensating employees.
Functionality of basic linux systems : Understanding the functionality of basic Linux systems and the ease in which network attacks can be performed
Evaluating an investment evaluating capital growth : Identify and discuss at least two programs, equipment, or projects that a department or company you work for is considering purchasing or developing. Describe w
Why do we still keep the fork : What is fork and Why do we still keep the fork, i.e., the good part of the file before it is infected AND execute the fork at the very end of the program

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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