(Answered) You borrow 20000 today at an annual interest rate of 8 you

Management Studies

You borrow $20,000 today at an annual interest rate of 8%. You will repay the loan through three annual payments of $7,760.67, with the first payment to be made one year from today. When you make the SECOND payment, two years from today, what amount of the $7,760.67 payment will represent interest?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92538779
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Tell me something about employment law issues about

Tell me something about Employment law issues about Microsoft Corporation and its references.

Discuss the importance of interdisciplinary team

Discuss the importance of Interdisciplinary team collaboration and communication in HC related managerial situations. Offer minimum 1 advantage of the established communication and one disadvantage of the failed communic ...

Summarymark lawrence has been pursuing a vision for more

Summary: Mark Lawrence has been pursuing a vision for more than two years. This pursuit began when he became frustrated in his role as director of Human Resources at Cutting Edge, a large company manufacturing computers ...

Assessment task 12 assessment descriptionyou will analyse a

Assessment Task 1: 2. Assessment description You will analyse a case study and develop a set of recruitment and selection policies and procedures. You will present your policies and procedures to senior management for ap ...

Instructor instructorname instructoremail biography

INSTRUCTOR ( InstructorName , InstructorEmail, Biography, Specialty) TIMETABLE ( SessionID , DayAndTime, NumberOfPlaces, ClassName , VenueName, InstructorName) Give the SQL to record the fact that all the sessions of t ...

What kind of issues to managers of virtual teams face in a

What kind of issues to managers of virtual teams face in a business environment?

Aaninformationretrievalsystemhasacertainpairofaverageprecisi

(a) An information retrieval system has a certain pair of average precision and recall values when the system returns 10 documents in response queries. Would the precision and recall rate remain unchanged if the system w ...

Explaining how professional etiquette can impact

Explaining how professional etiquette can impact professional relationships. Consistently displaying proper etiquette is a reflection of one's organization and can build or destroy business relationships. explain the imp ...

What are the similarities and differences between emotions

What are the similarities and differences between emotions and moods? What are the basic emotions and the basic mood dimensions?

Miriam is a senior manager for an international chain of

Miriam is a senior manager for an international chain of fitness centers. Two suppliers provide exercise machines for her company. Which of the following is the wisest advice on how Miriam should manage her suppliers? 1. ...

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 Management Expert