How much will mark have to pay her at the end

Assignment Help Accounting Basics
Reference no: EM133130424

Question - Mark borrowed $8 to buy a bag of new marbles for the big tournament. Jeannette charges him 15% SIMPLE INTEREST (shark) for a 2-year loan. How much will Mark have to pay her at the end of the 2-year term, rounded to the nearest cent?

Reference no: EM133130424

Questions Cloud

What is the present value : What is the present value of $100 due in two years if the discount rate is 5%, 8%, 10%, 15%, 20%, and 25%? Please show steps not in excel.
What is her total cost of credit : Question - If Marjorie Wilcox borrows $200 for one year with an APR of 12% and an annual service fee of $10, what is her total cost of credit
Annual demand for an item : The annual demand for an item is 3,200 units. The unit cost is ` 6 and inventory carrying charges 25% p.a. If the cost of one procurement is ` 150, determine:
What is metadata : What is "metadata"? Why is it useful in implementing quantitative methods?
How much will mark have to pay her at the end : Mark borrowed $8 to buy a bag of new marbles for the big tournament. How much will Mark have to pay her at the end of the 2-year term
Why is eleminating unnecessary spending : why is eleminating unnecessary spending important in healthcare?
Elasticity of demand influences : 1. Indicate if the demand for your good or service is elastic or inelastic.
What is the future value at an interest rate : Wells, Inc., has identified an investment project with the following cash flows. What is the future value at an interest rate of 12 percent
Remediation and planning : Is there something that wasn't covered in these assignments that you're still unsure about or would like to learn more about?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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