How much interest does jill pay

Assignment Help Financial Management

Reference no: EM131959752

Jill Kramer borrowed $25,000 to pay for a start-up business. Jill must repay the loan at the end of 5 months in one payment with a 6 percent simple interest rate.

A. What is the total amount that Jill must repay in 5 months.

B. How much interest does Jill pay?

Reference no: EM131959752

Questions Cloud

What is its return on stockholders equity : What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

What is the present value of the bonds all coupon payments : If the bond has a maturity of 5 years, pays semi-annual coupons, and the current yield to maturity is 6%, what is the current market value of the bonds?

Explain the purpose and results of the models : Complete an internet or library search for an example of the application of Tornado or Bootstrap Analysis and share your findings.

Explain data collection methods strengths and limitations : Explain data collection method's strengths and limitations. Identify a potential ethical issue with this method and describe a strategy to address it.

How much interest does jill pay : Jill Kramer borrowed $25,000 to pay for a start-up business.Jill must repay the loan at the end of 5 months in one payment with a 6 percent simple interest rate

Should she purchase the new system : We estimate we can sell the working capital for $95,000 at that time. Jill estimates that the old could be sold for $1, 375,000 when the new is ready for use.

What is the length of the annuity time period : Using a financial calculator, What is the length of the annuity time period?

The future value of lump sum invested today will always : Given an imterst rate of 1%, the future value of a lump sum invested today will always:

What yield on the municipal bonds would make you indifferent : You are comparing a municipal bond and a U.S. Treasury bond as a possible investment for your corporation. Both bonds have the same maturity.

User Account

All Pages