In which payment are the principal and interest most nearly

Reference no: EM13298988

A loan is being repaid by the amortization method with an installment at the end of each 80 quarters at 6% annual effective interest, the first payment one quarter after the loan is made. In which payment are the principal and the interest most nearly equal to each other?

Reference no: EM13298988

Questions Cloud

Calculate the amount of principal repaid in seventh payment : The annual effective interest rate for the loan is 6%. Calculate the amount of principal repaid in the seventh payment.

Find the total angular displacement of the propeller : The drive propeller of a ship starts from rest and accelerates at 2.60 multiply.gif 10-3 rad/s2 for 2.15 multiply.gif 103 s. Find the total angular displacement of the propeller

Political and legal systems affect international business : How political and legal systems affect international business

Compute the angular displacement of each wheel : A motorcyclist is traveling along a road and accelerates for 4.20 s to pass another cyclist. The angular acceleration of each wheel is +6.95 rad/s2, What is the angular displacement of each wheel

In which payment are the principal and interest most nearly : In which payment are the principal and the interest most nearly equal to each other?

Effect on the companys total net operating income : Prepare a report that shows the effect on the company's total net operating income of buying part A55 from the supplier rather than continuing to make it inside the company.

Determine an appropriate plywood thickness and span rating : For a total floor load of 75 psf on 2x floor framing at 24 o.c., determine an appropriate plywood thickness and span rating assuming panels with edge support and panels oriented perpendicular to the framing. Specify the minimum fasterners and spac..

Explain how many grams of naclo must be added to 1.0 l : Construct a buffer to have a pH of 7.70 using HClO and NaClO (Ka = 3 x 10-8). How many grams of NaClO must be added to 1.0 L of a 0.40 M HClO solution (assume no volume change)

Produce the profit maximizing level of output and therefore : Produce the profit maximizing level of output and therefore there will be no deadweight loss associated with this production.

User Account

All Pages