How much does she need to borrow to purchase? yacht

Assignment Help Financial Management

Reference no: EM131973092

On December? 31, Beth Klemkosky bought a yacht for ?$80,000. She paid ?$16,000 down and agreed to pay the balance in 7 equal annual installments that include both the principal and 6 percent interest on the declining balance. How big will the annual payments? be?

a. On December? 31, Beth Klemkosky bought a yacht for ?$80,000 and paid ?$16 ,000 ?down, how much does she need to borrow to purchase the? yacht?

?$_______?(Round to the nearest? dollar.)

Reference no: EM131973092

Questions Cloud

Demonstrate engagement with social work concepts : Explain social functioning as a basic concept of social work. Apply the concept of social functioning in a given situation or case to demonstrate

How will the results be communicated : How will the results be used? How will the results be communicated? Who will need to receive the results? What evidence will you be able to provide to support.

Jbk increased its total common equity and long-term debt : JBK increased its total common equity in 2013. JBK did not issue any long-term debt in 2013. JBK had negative net income in 2013.

Complete a research paper regarding a human resources : HR development is critical on the grounds that associations perceive that any esteem added to a representative is esteem added to the association.

How much does she need to borrow to purchase? yacht : On December? 31, Beth Klemkosky bought a yacht for ?$80,000 and paid ?$16 ,000 ?down, how much does she need to borrow to purchase the? yacht?

Calculate the accumulated value of the fund : Calculate the accumulated value of the fund on January 1, 1988.

Calculating and comparing pv using effective annual rates : What amount must be paid back for each alternative? Which alternative should be selected to provide the lowest terminal expenditure?

Analyze change strategies appropriate for the type of change : Analyze change strategies appropriate for this type of change. Determine the best way to influence employees in the right direction.

What average continuous return must be earned : What average continuous return must be earned over the subsequent 4 years in order to double the investment at the end of ten years?

User Account

All Pages