a loan of $5,000 can be repaid by payments of $117.38 at the end of each month for n years (that is, 12n payments), starting one month after the loan is made. at the same rate of interest, 12n monthly payments of $113.40 each accumulate to $10,000 one month after the final payment. find the equivalent effective annual rate of interest.

Question

Bancroftrebekah4863idn Bancroftrebekah4863idn

02-11-2022
Business

Answered

Find expert answers and community-driven knowledge on IDNLearn.com. Get the information you need from our community of experts who provide accurate and thorough answers to all your questions.

a loan of $5,000 can be repaid by payments of $117.38 at the end of each month for n years (that is, 12n payments), starting one month after the loan is made. at the same rate of interest, 12n monthly payments of $113.40 each accumulate to $10,000 one month after the final payment. find the equivalent effective annual rate of interest.

Sagot :

Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Your questions deserve accurate answers. Thank you for visiting IDNLearn.com, and see you again for more solutions.

Why Were Dramas On Radio Called Soap Operas?

Answer This And Get 20 Points What’s The Main Purpose Of The Text You Just Read About The Debate Team? Write The Purpose And Your Reasons For Picking That Purpo

Developers Want To Debug The Application To Find A Bug Reported By The Testers. In Which Three Files Can The Developers Put Breakpoints?

Take A Pore Sinners Hand? YESSSSSSSS, ARE YOU READY But Foreal I Need Help

A Scatterplot Shows: A. The Average Value Of Groups Of Data. B. Scores On One Variable Plotted Against Scores On A Second Variable. C. The Frequency With Which

At The Oakdale Summer Festival, Elizabeth Is Selling Her Animal-shaped Cupcakes. Elizabeth Had To Buy The Ingredients And Pay A Food-vendor Fee, So She Hopes Sh

Which Of The Following Is The Best Example Of A Law? • A. You Should Not Make Promises You Can't Keep. B. You May Not Ask An Interviewee If He Or She Is Married

Ronny Is Taking A Jar With 50 Dimes And quarters To CoinMaster To Redeem For Dollar bills. The Total Value Of His Jar Is $8

PLS HELP IM TAKIN THE TEST RN its Not A Select The Correct Answer. While Jordan Was Playing With Her Favorite Doll, One Of Its Legs Fell Off. Now She Wants To

A Client Asks The Nurse If A Cervical Cap Is Better Than A Diaphragm For Contraception. What Should The Nurse Explain Is The Advantage Of A Cervical Cap?

Sagot :

Other Questions