Firm borrows $15,000 for three years. How much does it have to repay a lump sum at the end of the third year at an inter

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

Firm borrows $15,000 for three years. How much does it have to repay a lump sum at the end of the third year at an inter

Post by answerhappygod »

Firm Borrows 15 000 For Three Years How Much Does It Have To Repay A Lump Sum At The End Of The Third Year At An Inter 1
Firm Borrows 15 000 For Three Years How Much Does It Have To Repay A Lump Sum At The End Of The Third Year At An Inter 1 (86.59 KiB) Viewed 31 times
please help
Firm borrows $15,000 for three years. How much does it have to repay a lump sum at the end of the third year at an interest rate of 12% per year? Please select one: O a. $20,400.00 O b.$5,400.00 O c. $21,073.92 d. NONE e. $18,735.70 O f.$6,245.23
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”