Show the interst payment and principle payment

Assignment Help Finance Basics
Reference no: EM13303611

you are about to borrow $5000 from a bank at an interest rate at 9% compunded annually. you are required to make 5 equal annual repayment in the amount of $1285.46 per year, with the first repayment occuring at teh end of the year one. for each year, show the interst payment and principle payment.

Reference no: EM13303611

Questions Cloud

Find the root-mean-square speed of brownian motion : Smoke particles in the air typically have masses of the order of 10^-16 kg. Find the root-mean-square speed of Brownian motion for a particle with a mass of 3.00 x 10^-16kg in air at 300K
Determine the service rate for six vehicles per minute : Vehicles begin to arrive at a toll booth at eight vehicles per minute from 9 A.M. to 10 A.M. The booth opens at 9:10 A.M. and services at a rate of ten vehicles per minute until 9:40 A.M. From 9:40 A.M. until 10 A.M.
Compute the magnitude of the torque on the tre : Compute the magnitude of the torque on the tree due to the tension in the rope, with the base of the tree acting as the reference point
Find the free-flow speed nd jam density for the relationship : a) Find the free-flow speed and jam density for this relationship b) Derive equations depicting the relationship between flow and density, and speed and flow. Plot the resulting curves. Show the values of free-flow speed, jam density, and capactiy..
Show the interst payment and principle payment : you are required to make 5 equal annual repayment in the amount of $1285.46 per year, with the first repayment occuring at teh end of the year one. for each year, show the interst payment and principle payment.
Estimate the current in the coil : A 1200 turn coil in a dc motor has an area per turn of 1.1 * 10-2m-2. What is the current in the coil
What would be average length of queue and waiting time : At a parking lot, vehicles arrive according to a Poisson process and are processed (parking fee collected) at a uniform deterministic rate at a single station. The mean arrival rate is 4 veh/min and the processing rate is 5 veh/min.
At what rate is heat dissipated : An electrical resistor has a voltage drop of 5.00 V when 0.300 A of current flows. At what rate (W) is heat dissipated
Problem - volunteer income tax assistance : Estimated the refunds of those to be about $20,000 in total. Why do you think the IRS goes to the trouble to provide this free service when most lower income individuals receive a refund?

Reviews

Write a Review

 

Finance Basics Questions & Answers

  Equivalent annual cost method

An eight year old storage tank has to be replaced or repaired because of severe corrosion. You have been asked to investigate three options

  Exchange rate over time

In the year of 1985, a given Japanese imported automobile sold for 1,476,000 yen, or $8,200. If the car still sold for same amount of yen today but the current exchange rate is 144 yen per dollar

  What was the annual increase in the value of the certificate

In 2009, a $5 certificate from 1896 was sold for $10,500. What was the annual increase in the value of the certificate?

  Objectives and true false question based on finance

If a person is diabetic and is applying for a new health care insurance policy, they might not receive adequate coverage due to which of the following?

  What is the receivable turnover

Rise Above This, Inc., has an average collection period of 27 days. Its average daily investment in receivables is $43,300. Assume 365 days per year. What is the receivable turnover (4 decimal places) and annual credit sales?

  How much did christina pay

Christina policy covered the medically necessary service performed in a nursing home setting. her total bill was $125,765. how much of Christina expenses was paid by her insurance policy? how much did Christina pay?

  Cash flows statements and types of activities

Cash flows statements, types of activities, vertical analysis of statements, Price earnings ratio and Basic accounting equation - When equipment is sold for cash, the amount received is reflected as a cash

  What is the balance of receivables at the end of june

Ninety percent of Ellis' sales are on credit with 60 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale.

  Prepare in good form a balance sheet

Preparation of Balance Sheet - Prepare in good form a balance sheet as of February 28, 2001.

  What is the nominal ytc on kings bonds

king productions' bonds have 10 years remaining until maturity. They pay a 10.8% semiannual coupon and have a face value of $1000. The current nominal YTM on King's bonds is 10.24%.

  What does warren buffett seem to fear most about financial

In his 2002 letter to shareholders, what does Warren Buffett seem to fear most about financial derivatives?

  Computation of ebit

The factoring department of Inter American Bank is processing 100,000 invoices each year with an average invoice price of $1,500. IAB buys the account receivables at 3.5% off the invoice value.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd