What is its annual loan payment

Assignment Help Finance Basics
Reference no: EM13257192

jackson electricals has borrowed 27,850 from its bank at an annual rate of 8.5%. It plans to repay the loan in eight equal installments, beginning in a year. what is its annual loan payment?

Reference no: EM13257192

Questions Cloud

What is the outstanding balance on the loan : What is the outstanding balance on the loan right after you have made your 30th payment?
Artificial turf or xeriscape landscaping : Because of chronic water shortage in Santa Fe, new athletic fields must use artificial turf or xeriscape landscaping. If the value of the water saved per month is $6,000, how much can a private developer afford to spend on artifical turf if he wa..
What are the basic elements of each model : What are the basic elements of each model or perspective of justice? Which best represents your own point of view?no wprds limits.
Determine the present value : What annual interest rate was used to determine the present value of the $1 billion prize?
What is its annual loan payment : jackson electricals has borrowed 27,850 from its bank at an annual rate of 8.5%. It plans to repay the loan in eight equal installments, beginning in a year. what is its annual loan payment?
According to galileo''s observations of venus : According to galileo's observations of Venus when Venus is at full phase its angular size
What is the maximum voltage across the circuit : For a particular RLC series circuit, the capacitive reactance is 9.75 ?, the inductive reactance is 42.7 ?, What is the maximum voltage across the circuit?
Which is the important factor : In determining the cost of bank financing, which is the important factor?
Design an appropriate filter using l and minimum bandwith : An engineer intends to study an input signal with frequency components of 5, 6, and 10 kHz. It is desired that all other frequencies be filtered out. A) What kind of filter does this require

Reviews

Write a Review

Finance Basics Questions & Answers

  Analyzing costs

How can a government be tempted to take a benefit cannot afford? What sounds better, $250,000 of increased services or $187,500 less in expenditures?

  Financial modeling and valuation

financial modeling and valuation

  Computing the average return for treasury bills

Computing the average return for treasury bills and calculate the average return for Treasury bills and the average annual inflation rate

  Computing the future value of annuity

An employee works at the local hamburger restaurant for 40 years and never earns more than minimum wage-What are your thoughts regarding this sum?

  Find the amount in financing activities

A corporation acquired a building, paying a portion of the purchase value in cash and issuing mortgage note payable to the seller for the balance.

  Computing wal-mart-s original strategy for creating value

Wal-Mart, discount merchandiser, started by putting large stores in small Sunbelt towns that its competitors had neglected. Compute Wal-Mart's original strategy for creating value?

  Question regarding currency derivatives

Explain why the floor broker's willingness to sell 300 pound futures contracts at the going market rate aroused such concern. What might this action signal to other brokers?

  Represent a diversifiable or undiversifiable risk

I have three scenarios and i must identify if they represent a diversifiable or an undiversifiable risk. I have to plan these scenarios in terms of the view point of investors and describe it.

  S net value if the portfolio is hedged with the index.

Show the effect on the portfolio in terms of its net value if the portfolio is hedged with the index.

  Export competitiveness by devaluing currency

What is the likely impact of this policy on Asian foreign exchange reserves? On Asian inflation? On Asian export competitiveness? On Asian living standards?

  Calculation of net present value with given cash flow

Calculation of net present value with given cash flow and probability and Should the company undertake the project

  Computation of weighted average cost of capital

Computation of weighted average cost of capital with given data and how does the company's debt to equity mix impact this cost of capital

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