In order to restructure some of its debt general motors, Ask an Expert

Economics

In order to restructure some of its debt, General Motors decided to pay off one of its short-term loans. If the company borrowed the money 1 year ago at an interest rate of 8% per year and the total cost of repaying the loan was $82 million, what was the amount of the original loan?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91705634

Have any Question?Write your Review or question?

Related Questions in Business Economics

A recent study showed that 76 of marketers complete

A recent study showed that 76% of marketers complete transactions online. Suppose a random sample of 600 marketers is taken. What is the probability that between 426 and 480 marketers in the sample complete transactions ...

What is the factors that determine wages which are largely

What is the factors that determine wages which are largely responsible for determining how the economy's total income is distributed among the various members of society?

A population has a mean72 and a standard deviation sigma28

A population has a mean=72 and a standard deviation σ=28. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=49.

Assuming interest and dividends are paid annually calculate

Assuming interest and dividends are paid annually, calculate the annual holding period return on each security. Round answer to 1 decimal place. Stock 1: beginning of year price 44.00, end of year price 48.25, interest/d ...

What is a survey and pros and cons of using this method to

What is a Survey and pros and cons of using this method to collect data are? Have you done a survey? How successful were your results?

A shipment of 15 televisions sets contains 3 defective sets

A shipment of 15 televisions sets contains 3 defective sets. A hotel purchases 9 of these televisions sets. What is the probability that the hotel receives at least one of the defective sets?

If the cost of vacation is 938444 what would be the annual

If the cost of vacation is $9,384.44, What would be the annual compound interest rate that would let their saving account accumulate to meet their vacation costs?

Give examples of how dominos has adapted its global

Give examples of how Domino's has adapted its global marketing mix to meet the needs of local consumers. Are you their customer? If so, why?

What happens if wages and prices adjust very slowly in

What happens if wages and prices adjust very slowly in response to various shocks to the economy? Does this make business cycle, i.e. expansions and contractions in the economy, shorter or longer?

When nespresso as a brand took over the world what do you

When Nespresso as a brand 'took over the world' What do you think that happened with coffee sales in HM and SM? Was Nespresso's model of own stores 'killing' the sales of coffee in Hyper and Supermarkets?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert