How much will he owe the bank at the end of three years

Assignment Help Business Economics
Reference no: EM13157113

A man went to his bank and borrowed $750. He agreed to repay the sum at the end of three years, together with the interest at 12% per year, compounded annually. How much will he owe the bank at the end of three years?

Reference no: EM13157113

Questions Cloud

Level of accounts receivable-support sales expansion : a. What is the level of accounts receivable needed to support this sales expansion? b. What would be Collins's incremental aftertax return on investment?
How much heat is evolved : How much heat is evolved when 239 g of ammonia gas condenses to a liquid at its boiling point?
How technology has changed learning environment : Explain how technology has changed the learning environment. What are some examples of how technology can assist with How might new technologies make it easier to learn? How do they facilitate transfer of training? Provide details.
Calculate the specific heat capacity of the metal : A 150.0-g sample of a metal at 75.0 °C is added to 150.0 g of H2O at 15.0 °C. The temperature of the water rises to 18.9 °C. Calculate the specific heat capacity of the metal, assuming that all the heat lost by the metal is gained by the water.
How much will he owe the bank at the end of three years : A man went to his bank and borrowed $750. He agreed to repay the sum at the end of three years, together with the interest at 12% per year, compounded annually. How much will he owe the bank at the end of three years?
What must happen to induce foreign residents to buy the bond : What must happen to induce foreign residents to buy the bonds? If foreign residents desire to purchase the bonds, what is the most important source of dollars to buy them?
Which of the following is targeted by scf : Which of the following is targeted by SCF?
Which of the following is a target of apc : Which of the following is a target of APC?
What is the magnitude of k : A particular first-order reaction has a rate constant of 1.35 × 10^2 s-1 at 25°C. What is the magnitude of k at 75°C if Ea = 85.6 kJ/mol?

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate point price elasticities of demand for customer

Calculate point price elasticities of demand for each customer product at activity levels identified in part A.

  It acceptable for one state or groups of states to interfere

When, if ever, is it acceptable for one state or groups of states to interfere in the domestic affairs of another state

  Loved one child more than the other

Gary has two children, Kevin and Dora. Each one consumes "yummiest" and nothing else. Gary loves both children equally.

  Find expected profit maximizing output

assume equilibrium price in a perfectly competitive market is $100 and within this market, a typical firms total cost curve is summarised. Find expected profit maximizing output.

  Nancy live in a new housing development

Bob as well as Nancy live in a new housing development as well as they would like to have fire hydrants installed to assist the fire department in case of a fire.

  Describe the equivalent uniform annual cost

Kal Tech Engineering is investigating the possibility of acquiring new automated packaging equipment at a cost. Describe the equivalent uniform annual cost (EUAC) if MARR for the company is 10%.

  Xpect for wealthier countries to have cleaner environments

If summer's supposition is correct, then we should expect for wealthier countries to have cleaner environments other things equal.

  Explain how does the government decide to use one form

Explain how does the government decide to use one form of remedy rather than the other.

  Explain why does a newspaper dispenser open

Explain why does a newspaper dispenser open to a stack of newspaper and essentially "trusts" a consumer to take just one copy.

  Marginal utility of x diminish

Does the marginal utility of x diminish, remain constant, or increase as the consumer buys more x?  Explain

  Explicates which influences the marginal benefits

Explicates which influences the marginal benefits also marginal costs associated with the decision to purchase a house.

  Wn internal auditors at this point also the dual system

Elucidate however, are not sure of their own internal auditors at this point also the dual system in place.

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