What is the interest amount on the loan

Assignment Help Finance Basics
Reference no: EM132630507

If you take out a loan for $1,500 and expect to repay $1,700 over 12 months, what is the Interest amount on the loan?

Reference no: EM132630507

Questions Cloud

Calculate the depreciate rate of the ethan car : Ethan bought new car worth $60, 000. After 5 years, the car was worth $35,429.40. Calculate the depreciate rate of the Ethan's car.
Federalist representative democracy : Federalist representative democracy requires both personal responsibility-social responsibility of citizens through personal involvement in democratic process
How effectively one organization engages employees : How effectively one organization engages employees comparing and contrasting its efforts to the two best practices; support your description
Journalize the july transactions : July 1 Purchased used truck for $9,100, paying $4,200 cash and the balance on account. Journalize the July transactions
What is the interest amount on the loan : If you take out a loan for $1,500 and expect to repay $1,700 over 12 months, what is the Interest amount on the loan?
Find the price-yield and duration of 3 year : Find the price, yield and duration of 3 year bonds with face value $ 100,000 and 5% coupon paid annually.
Should states continue to allow ballot initiatives : Determine whether people turn out to vote in U.S. elections? Should states continue to allow ballot initiatives and other forms of direct democracy?
Who is the author trying to reach : Name of the article and its author Is the article made by a public or private entity? Who is the author trying to reach (audience)?
Exchange rates in the spot and forward exchange markets : Consider the following exchange rates in the spot and forward exchange markets.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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