How much must be paid back

Reference no: EM13195958

An amount of $48,000 is borrowed for 14 years at 6.25 interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

Reference no: EM13195958

Questions Cloud

Define why an object whose color is purple actually absorbs : Explain why an object whose color is purple actually absorbs visible light in the green wavelength region.

Assess the difference between an intranet and extranet : Assess the difference between an Intranet and Extranet. Construct example of how the four business functions could use each one.

What is a stock split : What is a cash, special, or stock dividend, what is a stock split and why is a liquidating dividend noteworthy?

Epistemology-metaphysics-moral-political-social and eastern : Principal issue of (Epistemology, Metaphysics, moral , political , social, eastern , structuralism, deconstruction, post-colonial, feminism)philosophy.

How much must be paid back : An amount of $48,000 is borrowed for 14 years at 6.25 interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

Define ascorbic acid in fresh orange juice : How would the following experimental errors change the calculation of the number of mg of ascorbic acid in fresh orange juice, student neglected to filter the juice

How much will this ordinary annuity be worth at the end : How much will this ordinary annuity be worth at the end of the 12 years?

What is the capital structure decision : What is the capital structure decision, how is the market value of a company affected by its capital structure?

What is the area of the city park : A small city park is shaped like a right triangle with a height length of 211 feet and a base length of 327 feet. What is the area of the city park?

User Account

All Pages