How much will he owe the bank at the end of three years

Assignment Help Business Economics

Reference no: EM13157113

A man went to his bank and borrowed $750. He agreed to repay the sum at the end of three years, together with the interest at 12% per year, compounded annually. How much will he owe the bank at the end of three years?

Reference no: EM13157113

Questions Cloud

Level of accounts receivable-support sales expansion : a. What is the level of accounts receivable needed to support this sales expansion? b. What would be Collins's incremental aftertax return on investment?

How much heat is evolved : How much heat is evolved when 239 g of ammonia gas condenses to a liquid at its boiling point?

How technology has changed learning environment : Explain how technology has changed the learning environment. What are some examples of how technology can assist with How might new technologies make it easier to learn? How do they facilitate transfer of training? Provide details.

Calculate the specific heat capacity of the metal : A 150.0-g sample of a metal at 75.0 °C is added to 150.0 g of H2O at 15.0 °C. The temperature of the water rises to 18.9 °C. Calculate the specific heat capacity of the metal, assuming that all the heat lost by the metal is gained by the water.

How much will he owe the bank at the end of three years : A man went to his bank and borrowed $750. He agreed to repay the sum at the end of three years, together with the interest at 12% per year, compounded annually. How much will he owe the bank at the end of three years?

What must happen to induce foreign residents to buy the bond : What must happen to induce foreign residents to buy the bonds? If foreign residents desire to purchase the bonds, what is the most important source of dollars to buy them?

Which of the following is targeted by scf : Which of the following is targeted by SCF?

Which of the following is a target of apc : Which of the following is a target of APC?

What is the magnitude of k : A particular first-order reaction has a rate constant of 1.35 × 10^2 s-1 at 25°C. What is the magnitude of k at 75°C if Ea = 85.6 kJ/mol?

User Account

All Pages