User Account

All Pages

How much money do you give your friend today

Assignment Help Business Management
Reference no: EM132742380

You have agreed to loan some money to a friend at a simple interest rate of 195% per year. Your friend hasn't taken this class; all they know is that they can pay you back $500 in 6 weeks.

How much money do you give your friend today so that the repayment of $500 in 6 weeks is equivalent to a simple interest loan with a rate of 195% per year? Round your answer to the nearest dollar.

Reference no: EM132742380

Questions Cloud

What is the amount of owner equity at the end of the year : If total assets increased $137,000 during the year and total liabilities decreased $63,000, what is the amount of owner's equity at the end of the year?
Calculate budgeted cash disbursements for November : Calculate budgeted cash disbursements for November and December (budgeted total sales for January of the coming year equals $163,000)
What is the percentage increase in eps : What is the percentage increase in EPS if the economy booms rather than be normal?
What amount should waterway report as a liability : During 2019, Waterway Industries introduced a new line of machines that carry a three-year warranty against manufacturer's defects. Based on industry experience
How much money do you give your friend today : You have agreed to loan some money to a friend at a simple interest rate of 195% per year. Your friend hasn't taken this class; all they know is that they can
Company average balance in accounts payable : What is the company's average balance in accounts payable and accounts receivable?
Prepare the journal entry to record the derecognition : A machine was purchased during 2019 for $3,750,000. At the time of purchase it was estimated that the machine would have a useful life of ten years.
What does the liquidity preference expectations theory : What does the Liquidity Preference Expectations Theory imply about the relationship between Expected Future Spot Rates and Forward Rates?
What is the total amount that Mapa Company should report : What is the total amount that Mapa Company should report as "cash" in the current assets section of the statement of financial position on December 31, 2020

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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