The loan will be repaid in installments at end of year

Assignment Help Business Economics

Reference no: EM13885523

A company borrowed $200,000 at an interest rate of 10% compounded annually over five years. The loan will be repaid in installments at the end of each year in the amounts of:

Year 1 $25,000

Year 2 $20,000

Year 3 $15,000

Year 4 $25,000

What will be the size of the last payment in year 5 that will pay off the loan?

Reference no: EM13885523

Questions Cloud

Problem of maximizing the sum of household utilities : Consider three households (i = 1, 2, 3) each with preferences ui(xi , G) = xi × G where xi is the consumption level of private goods by household i and G is the level of public good. Private good costs 1 and public good costs 10. Individuals have inc..

How changes in medical technology affect health care costs : Research and discuss 1 piece of federal legislation that has affected the use of medical technology. Explain how changes in medical technology affect health care costs

Present the argument you developed in the position paper : They are individual, three to five (3-5) minute presentations in which you have to present the argument you developed in the position paper in regards to institutions and their importance to remembrance.

What is the value of the multiplier : If the final change in output for the economy as a whole is $119.6 billion, unemployment is 6.2% and there had previously been an initial increase in government spending of $46 billion, what is the value of the multiplier?

The loan will be repaid in installments at end of year : A company borrowed $200,000 at an interest rate of 10% compounded annually over five years. The loan will be repaid in installments at the end of each year in the amounts of: What will be the size of the last payment in year 5 that will pay off the l..

Constraining the behavior of the mnes themselves : Should there be multilateral agreements either constraining the behavior of gov- ernments toward MNEs or constraining the behavior of the MNEs themselves?

What happens in marketplace when the federal government : Explain what happens in the marketplace when the federal government, in response to lobbying by (small) farmers, places a floor price under a bushel of corn that is greater than the market equilibrium price;

Deposit now into account that pays interest compounded : If you want to withdraw $20,000 at the end of three years and $50,000 at the end of five years, how much should you deposit now into an account that pays 8% interest compounded annually?

Is this an important adjustment to make : How can the PPP adjustment to income per capita change the ranking of coun- tries' levels of economic development? Is this an important adjustment to make?

User Account

All Pages