(Answered) Lets say that you borrow 1200 at 8 annual interest rate

Economics

Lets say that you borrow 1200 at 8% annual interest rate, compounded quartly, and plan to pay back the loan and interest together at the end of the third year. The sum to be paid can be determined from:

a. F=1200(F/P,8%,3)

b. F=1200(F/P,2%,3)

c. F=1200(F/P,8%,12)

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91578580
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

You have an opportunity to buy a bond with a face value of

You have an opportunity to buy a bond with a face value of $10,000 and coupon rate of 14%, payable semi-annually. NOTE: Interest per 6-month period is 7% of Face Value (i.e. $10,000x0.07 = $700 per 6-month period). (i) I ...

Ross textiles wishes to measure its cost of common stock

Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $57.50. The firm expects to pay a $3.40 dividend at the end of 2013. The dividends for the past 5 years are shown ...

In 2018 aman gave his church 50000 in cash he also gave his

In 2018 Aman gave his church $50,000 in cash. He also gave his alma mater university another $70,000 of appreciated stock (basis of $18,000). Aman's AGI is $200,000. What is Aman's charitable deduction for 2018?

Whats your answer about the equilibrium change from an

What's your answer about the equilibrium change from an event which decreases both demand and supply? You don't need to provide graph here. Just describe the curve shifts and how the equilibrium price and equilibrium qua ...

The often made statement that inflation greases the wheels

The often made statement that inflation? "greases the wheels of the labor? market" means simply that A. high and unanticipated inflation allows for real wage adjustments when nominal wages are? sticky, thereby permitting ...

Some people eg hayek argue that decentralization of

Some people (e.g Hayek) argue that decentralization of economic decisions in the economy lead to an efficient resource allocation. What differences exist within the firm that make the link between decentralization and ef ...

Gregs hardware has determined the following demand and

Greg's Hardware has determined the following demand and supply equations for nails QD = 10,000-25P QS = -5,000 + 50P a. How many nails would be sold for $100? b. At what price would nail sales be zero? c. When P = $200, ...

Marketing firm specializes in assessments of local

Marketing firm specializes in assessments of local restaurants and have been asked to rate local restaurants. The restaurants are rated as good, fair, or poor. From the firm's rating system, 72% of the restaurants were r ...

Suppose a bond with no expiration date has a face value of

Suppose a bond with no expiration date has a face value of $10,000 and annually pays a fixed amount of interest of $900. a. In the table provided below, calculate and enter either the interest rate that the bond would yi ...

Staples has six special drafting pencils for sale two of

Staples has six special drafting pencils for sale, two of which are defective. A student buys two of these six drafting pencils, selected at random. Let the random variable X be the number of defective pencils. Construct ...

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