What was the interest rate on the loan

Assignment Help Financial Management

Reference no: EM131606383

RKI Instruments borrowed $3, 500,000 from a private equity firm for expansion of its manufacturing facility for making carbon monoxide monitors/controllers. The company repaid the loan after 1 year with a single payment of $3, 885,000. What was the interest rate on the loan?

Reference no: EM131606383

Questions Cloud

Find the name of each publisher containing the word and : Find the name of each publisher containing the word and.

Discuss strengths and weaknesses as a writer : describe your writing experiences thus far in an informal but detailed letter to the instructor

What network administrators can do to prevent the attacks : Compose a 1-2 page paper giving an explanation on each type of network attack and what network administrators can do to prevent these types of attacks.

Prepare the journal entry that texaco makes to record : Assume that Texaco charges you $40 interest on an unpaid balance. Prepare the journal entry that Texaco makes to record this revenue

What was the interest rate on the loan : The company repaid the loan after 1 year with a single payment of $3, 885,000. What was the interest rate on the loan?

Explain to the owner the unique features of e-commerce : Explain to the owner the unique features of e-commerce that will allow Tom's T-shirts to expand to a nationwide market.

Educational differences between countries : Write about the country Pakistans Economic factors, trade and investment environment and Foreign exchange issues in Higher educational field.

About the use of debt financing : Which of the following statements about the use of debt financing (financial leverage) is incorrect?

Identify and explain three itemized deductions : Write a memo to the IRS suggesting two (2) new itemized deductions that should be available to taxpayers

User Account

All Pages