3. An amount of 100,000 was borrowed and was to be repaid in 10 instalments at the end of every quarter thereafter with

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

3. An amount of 100,000 was borrowed and was to be repaid in 10 instalments at the end of every quarter thereafter with

Post by answerhappygod »

3 An Amount Of 100 000 Was Borrowed And Was To Be Repaid In 10 Instalments At The End Of Every Quarter Thereafter With 1
3 An Amount Of 100 000 Was Borrowed And Was To Be Repaid In 10 Instalments At The End Of Every Quarter Thereafter With 1 (50.93 KiB) Viewed 35 times
3. An amount of 100,000 was borrowed and was to be repaid in 10 instalments at the end of every quarter thereafter with each payment more than $1,000 more than the preceding, if interest is 12% compounded semi-annually, (a) determine the amount of the first payment and (b) the total amount paid by the borrower. DRAW THE CASH FLOW DIAGRAM
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”