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Question:
You have decided to borrow $20,000 so that you can consolidate the loans you currently have with other lenders. You have agreed to repay the loan in 8 equal semi-annual instalments over the next 4 years with the first payment beginning 6 months from now. The bank that is lending you the money is going to charge you a rate of 11% per annum paid semi- annually.
Based on this information answer the following questions:
a) What is the semi-annual payment you will need to make?
b) What is the total interest you will have paid on the loan?
c) Each payment you make to the bank consists partly of interest and partly principal. How much of each are you repaying when you make your 4th payment?
d) What is the total amount you will have paid to the bank?
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the guinegog is a trader in portable cd-man. His budgeted output is 5000 units per quarter. The following data was available for the year 1998: Direct labour @ $6 Direct material @
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i have to make a journal and ledger and retained earning all of those thing can i get help
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