Pay for start-up business

Assignment Help Financial Management

Reference no: EM131499608

Jill Kramer borrowed $25,000 to pay for a start-up business. Jill must repay the loan at the end of 5 months in one payment with a 6 percent simple interest rate.

A. What is the total amount that Jill must repay in 5 months.

B. How much interest does Jill pay?

Reference no: EM131499608

Questions Cloud

Calculate weighted average cost of capital and cost of debt : Calculate the weighted average cost of capital (WACC) and cost of debt given:

Standard deviation of returns for large company stocks : Calculate the standard deviation of the returns for large company stocks and t-bills over this time period.

Determine the state shortfall when a newborn enters college : determine the state's shortfall when a newborn enters college 18 years later.

Five-year annual-payment loan : you took out a five-year annual-payment loan with an interest rate of 5 7% per year the annual payment on the car is $ 4.600.

Pay for start-up business : Jill Kramer borrowed $25,000 to pay for a start-up business. Jill must repay the loan at the end of 5 months in one payment with 6 percent simple interest rate.

What is the future value of your windfall in three years : You have just received a windfall from an investment you made in a friend's business. What is the future value of your windfall in three years

Face value of simple interest note and bank discount note : The face value of a simple interest note and bank discount note is 8 percent each.

What is the value today of social security promise : what Is the value today of Social Security's promise?

The value of the british pound in canadian dollars is : Assume the Canadian dollar is equal to $.80 and the British Pound is equal to $1.50. The value of the British Pound in Canadian dollars is?

User Account

All Pages