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Question:
You have decided to borrow $20,000 so that you can consolidate the loans you currently have with other lenders. You have agreed to repay the loan in 8 equal semi-annual instalments over the next 4 years with the first payment beginning 6 months from now. The bank that is lending you the money is going to charge you a rate of 11% per annum paid semi- annually.
Based on this information answer the following questions:
a) What is the semi-annual payment you will need to make?
b) What is the total interest you will have paid on the loan?
c) Each payment you make to the bank consists partly of interest and partly principal. How much of each are you repaying when you make your 4th payment?
d) What is the total amount you will have paid to the bank?
Q. What is the use of balance sheet? Balance sheet -- a statement of the financial position of a company at a single specific time(often at the close of business on last day
Goods returned to Karl 2000
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Q. What is Variable cost? Variable cost -- a cost which changes as production or sales change. If a business is producingnothing and selling nothing, variable cost must be zero
i want to know the concepts of journal
Q. Example of current ratio? The current assets and current liabilities and current ratios of some other companies as of the third quarter of 2001 were As you are able to se
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