What is the fraction of the fixed payment represent

Assignment Help Financial Management

Reference no: EM131617780

Susana takes out a $1000 loan (constant payment loan) the loan carries a 10% annual interest rate and it will be amortized with fixed annual payments over a three-year period. what is the fraction of the fixed payment represent the repayment of principal in year one?

a) 24.87%

b) 68.20%

c) 75.13%

d) 82.64%

Reference no: EM131617780

Questions Cloud

Constant amortization loan-what is annual payment in year : Susana takes out a $1000 loan (constant amortization loan). What is the annual payment in year 3?

Contrast the positions of bandura and chomsky : Contrast the positions of Bandura and Chomsky on how children develop language

Based on the net present value should the project : Compute the net present value. Based on the net present value should the project be undertaken?

Define issue related to responsibilities principle of martin : Responsibilities Principle. Martin is considering submitting a proposal to conduct the audit examination of Phillip Inc. a manufacturer and distributor.

What is the fraction of the fixed payment represent : what is the fraction of the fixed payment represent the repayment of principal in year one?

Remedy the inefficiencies in markets caused by externalities : Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets.

Controversial philadelphia soda tax : Sunday, the city began imposing a 1.5 cent per ounce tax on the supply of sweetened beverages to retail dealers, which is supposed to go towards quality preK

Conglomeration of several types of codes : Medicine codes the 90,000s; this area is a conglomeration of several types of codes, such as E/M, radiology, and special procedures.

Suitable financial method to value and compare projects : Use any suitable financial method to value and compare projects.

User Account

All Pages