Solution-Principal of the loan, A loan is repaid by making

Principal of the loan

Assignment Help Basic Computer Science

Reference no: EM131171699

A loan is repaid by making payments of $5000.00 at the end of every six months for fourteen years. If interest on the loan is 8% compounded quarterly, what was the principal of the loan? Note: Different periods of compounding and repayments.

Reference no: EM131171699

Questions Cloud

What are its basic differences with respect to eeprom : Briefly describe what fl ash memory is and when it is employed.

Deposited at the end of every six months : Suppose $693 is deposited at the end of every six months into an account earning 6.05% compounded semi-annually. If the balance in the account four years after the last deposit is to be $30 600.00, how many deposits are needed? Please show all wo..

Identify the point of view used in the narration : Identify the point of view used in narration. Discuss how this point of view affects your reading and interpretation of the story. How might a different type of narration (point of view) alter the meaning of the story?

Who be looking over the shoulder of the project manager : Who should be "looking over the shoulder" of the project manager to make sure that the work and requests are also in the best interest of the company?

Principal of the loan : A loan is repaid by making payments of $5000.00 at the end of every six months for fourteen years. If interest on the loan is 8% compounded quarterly, what was the principal of the loan? Note: Different periods of compounding and repayments.

Briefl y describe what an eprom is and when it is employed : What are its basic differences with respect to OTP-ROM and MP-ROM?

Project driven and non project driven organizations : Explain how career paths and career growth can differ between project-driven and non-project-driven organizations.

Revolutions per minute : Shirley is on a Ferris wheel which spins at the rate of 3.8 revolutions per minute. The wheel has a radius of 45 feet, and the center of the wheel is 57 feet above the ground. After the wheel starts moving, Shirley takes 13 seconds to reach the to..

Write an in-depth analytical essay using your own ideas : In a 4-page (1,200-word) literary analysis, write an in-depth analytical essay using your own ideas plus supporting evidence from the text, such as quotations, paraphrases, and summaries.

User Account

All Pages

Principal of the loan

Reference no: EM131171699

Reference no: EM131171699

Questions Cloud

Reviews

Write a Review

Basic Computer Science Questions & Answers

Identifies the cost of computer

Input devices

Cores on computer systems

Prepare an annual budget in an excel spreadsheet

Write a research paper in relation to a software design

Describe the forest, domain, ou, and trust configuration

Construct a truth table for the boolean expression

Evaluate the cost of materials

The marie simulator

What is the main advantage of using master pages

Describe the three fundamental models of distributed systems

Distinguish between caching and buffering

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT