What is the size of the last payment

Assignment Help Financial Management

Reference no: EM13849781

Which each successive payment is to be 20% less than the previous payment.

Land is purchased for 75000. It is agreed for the land to be paid for over a 5 year period with compounding annual interest at 12%. Each payment is 3000 more than the previous. What is the size of the last payment?

Reference no: EM13849781

Questions Cloud

Quantity restrictions are equivalent to using corrective tax : Quantity restrictions are equivalent to using a corrective tax. Quantity restrictions with tradable permits are equivalent to using a corrective tax. Mandating equal pollution reductions from all firms is equivalent to using a corrective tax.

Complet the sales journal and purchases journal entries : Complet the following journal entries- SALES JOURNAL, PURCHASES JOURNAL, CASH RECEIPTS JOURNAL, CASH PAYMENTS JOURNAL, GENERAL JOURNAL. SUBSIDIARY LEDGERS and GENERAL LEDGER.

Limitations prevent the forecasts from being foolproof : Give examples of how ratios gleaned from the financial statements can be used as a tool in helping a firm plan for the future. What do these ratios tell an individual analyzing them? What limitations prevent the forecasts from being foolproof?

Presentation on reward is better than punish : Explanation Presentation- Topic: Reward is better than punish when training animals. Students will explain a complicated subject related to the course theme in 4 minutes to a classmate. The listener will be randomly assigned on the day of the prese..

What is the size of the last payment : Land is purchased for 75000. It is agreed for the land to be paid for over a 5 year period with compounding annual interest at 12%. Each payment is 3000 more than the previous. What is the size of the last payment?

What factors impact sourcing decisions : What factors impact sourcing decisions? The custom duties can be paid after the product has been acquired by the customer. True or False

Introduction to algorithms : All problem / exercise numbers are from the 3nd edition of Introduction to Algorithms (the 1st and 2nd editions are different!) Note the difference between problems and exercises!

Explain the various definitions of disability : Explain the various definitions of disability that are found in disability-income insurance. Explain the following disability insurance income provisions

What would you recommend smith do to help the situation : Evelyn Smith, the new president of Texas Wings Inc., had been recruited to the company in 2004 by a disgruntled investor who had lost faith in the business's management team and profitability prospects. What would you recommend Smith do to help the..

User Account

All Pages