What final payment will the bank require

Assignment Help Cost Accounting
Reference no: EM13553555

You have a loan outstanding. It requires making three annual payments of $1000 each at the end of the next three years. Your bank has offered to allow you to skip making the next two payments in lieu of making one large payment at the end of the loan's term in three years. If the interest rate on the loan is 5%, what final payment will the bank require you to make so that it is indifferent to the two forms of payment?

Reference no: EM13553555

Questions Cloud

Describe the three primary health care provider taxonomies : Describe the three primary health care provider taxonomies, including the classifications for each taxonomy.
Envision ways to lessen or remove these barriers : Envision ways to lessen or remove these barriers?
Determine total cost of merchandise sold : Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period and determine the ending inventory cost.
Reconstruct a multiple-step income statement : From the information given, reconstruct a multiple-step income statement for the year. Include earnings per share.
What final payment will the bank require : If the interest rate on the loan is 5%, what final payment will the bank require you to make so that it is indifferent to the two forms of payment?
Find how many kilograms of ethyl alcohol would freeze : Suppose that the amount of heat removed when 1.6 kg of water freezes at 0.0 oC were removed from ethyl alcohol at its freezing/melting point of -114.4 oC. How many kilograms of ethyl alcohol would freeze
Aensing or measuring device is malfunctioning : What are the methods used to determine if a sensing or measuring device is malfunctioning ?
Prepare a t account for the accounts payable : Prepare a T account for the accounts payable creditor accounts and post the transactions from the purchases journal to the creditor accounts, and determine their ending balances.
Determine what is the oscillators max speed : A 195g oscillator has a speed of 124cm/s when its displacement is 3.50cm and 55.0cm/s when its displacement is 6.90cm what is the oscillators max speed

Reviews

Write a Review

Cost Accounting Questions & Answers

  You are to prepare a five-page report on a

you are to prepare a five-page report on a philosopherthinker of your choice and show evidently how hisher body of

  The initial research proposal will consist of the following

the initial research proposal will consist of the following items1. identify a business research topic2. define the

  Prepare a sales budget for 2009 under each plan

Each unit produced will cost $1.80 in direct labor, $1.25 in direct materials, and $1.20 in variable overhead. The fixed overhead for 2009 should be $1,895,000 - How do I prepare a sales budget for 2009 under each plan?

  How much revenue will stelle recognize

The company spent an accumulated total of €6 million. How much revenue will Stelle recognize in Year 3 - How much revenue will Stelle recognize in Year 2?

  The general manager of qantas had two concerns the companys

the general manager of qantas had two concerns the companys worsening cash position 3000 cash and no bank loan at the

  How much cost would be charged to an in-house manufacturing

How much cost would be charged to an in-house manufacturing department that consumed 1,800 hours of market analysis time, was provided 280 designs relating to 10 products and requested 92 engineering tests? Show your work.

  Evaluate the cash budget for january and february

Complete the cash budget for January and February. (List amounts from largest to smallest eg 10, 5, 3, 2. If answer is zero, please enter 0. Do not leave any fields blank.)

  Make a job order cost sheet for the 100 widgets

The Talbott Company has received an order (#324) for 100 widgets - Make a job order cost sheet for the 100 widgets

  Entries for issuing and calling bonds

Journalize the entries to record the selected transactions - Entries for Issuing and Calling Bonds;

  Define the accounting concepts - accounting report

Justify your answer by describing what is meant by the term depreciation, the role and process of recognizing depreciation in accounting reports, and by identifying the accounting concepts that give the justification for recognizing depreciation.

  Net effect on the profits of the tuner division

What will be the net effect on the profits of the Tuner Division, the Assembly Division, and the company as a whole? Show relevant calculations.

  Equity of existing stockholders in the corporation

What information on this option plan could be shown in the financial statements of Recycling Corporation at December, 2010 describe.

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