On which loan did thecompany pay more interest

Assignment Help Macroeconomics

Reference no: EM13192011

Companies frequently borrow money under anarrangement that requires them to make periodicpayments of "interest only"and then pay the prin-cipal all at once. If Cisco International borrowed$500,000 (identified as loan A) at 10% per yearsimple interest and another $500,000 (identified asloan B) at 10% per year compound interest andpaid.
only the interest at the end of each year for3years on both loans,

a) on which loan did thecompany pay more interest,and

b) what was thedifference in interest paid between the two loans

Reference no: EM13192011

Questions Cloud

Find the length of arc ac : Find the length of arc AC if the diameter, AB, of circle O is 24 cm. Write answer in terms of pi.

Define calorimeter of heat capacity : what would the final common temp be assuming no heat loss? Use Cp for ethanol = 60.0 J K -1 mol -1 and Cp for Copper = 0.380 J K -1 g -1.

Find the slope of an object : In this module's discussion, find the slope of an object either where you live, where you work, or outside somewhere. Examples might include a ladder positioned against a wall or against a house, a banister on a set of stairs, a slide in a park, e..

Configure the repository and define the repository : Configure the repository and define the repository usernames and passwords - Install the subversion package.

On which loan did thecompany pay more interest : Companies frequently borrow money under anarrangement that requires them to make periodicpayments of "interest only"and then pay the prin-cipal all at once. If Cisco International borrowed$500,000 (identified as loan A) at 10% per yearsimple inter..

How far is the ship from the base of the lighthouse : From the top of a 165 ft lighthouse, the angle of depression to a ship in the ocean is 23°. How far is the ship from the base of the lighthouse?

Explain sealed vessel contains an initial reaction mixture : At 850K the value of the equilibrium constant K(pressure) is 0.2970. If a sealed vessel contains an initial reaction mixture of [N2] = 0.0150M, [H2]= 0.0200M and N2H2= 0.000100M what will [N2H2] be when equilibrium in reached.

What is the probability the student earned an a : give probability in decimal form, in a class of 36, 3 earn's A,9 earn B's,23 earn C's and 1 D. if one student is selected at random, what is the probability the student earned an A?

Watching musicians and acrobats utilizes : The 18th-century Indian painting of Maharana Amar Singh and others watching musicians and acrobats utilizes the two most basic visual cues for implying depth on a flat surface.

User Account

All Pages