You have borrowed as follows: January 1, 2014 $72 000, July 1, 2015 $21 000, January 1, 2016 $17 000, The agreed-upon annual interest rate was 8.20 percent compounded semiannually. How much did you owe on July 1, 2016? You agreed to make the first of 15 monthly payments on October 1, 2016. Assume the interest rate was still 8.20 percent but was compounded monthly. How much was each of the 15 payments?
What will be an ideal response?
 ANSWER.png)
Trades & Technology
You might also like to view...
A business impact analysis (BIA) identifies threats, vulnerabilities, and potential attacks to determine what controls can protect the information.
Answer the following statement true (T) or false (F)
Trades & Technology
A concrete slab with double curvature is a _____.
a. barrel-shell roof b. Gothic arch c. simple arch d. dome roof
Trades & Technology
The larger Toyota and Lexus hybrids use an additional third electric motor on the ____________________ to provide extra acceleration, all-wheel drive, and traction control.
Fill in the blank(s) with the appropriate word(s).
Trades & Technology
Use the principle of superposition to determine the current i through R3 in Figure P3.47.
Trades & Technology