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BigorU [14]
3 years ago
6

"Today you made a student loan of $10,000 with the 5.5% annual interest rate. You will be in school next four years and you do n

ot have any obligation to make payments until you graduate while the interest accumulates. How much will you owe in four years when you start making payments?"
Business
1 answer:
Artist 52 [7]3 years ago
8 0

Answer:

$12,388.25

Explanation:

The computation of the amount owed is shown below:

= Today value × (1 + annual rate of interest)^given number of years

where,

Today value = $10,000

Annual interest rate = 5.5%

Number of years = 4

Now placing the values

So, the amount owed equal to  

= $10,000 × (1 + 0.055)^4

= $10,000 × 1.2388246506

= $12,388.25

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The book All Aspects of the Business/Organization lists nine characteristics that apply to all businesses. The book All Aspects of the Business/Organization lists nine characteristics that apply to all businesses. For success, learners should practice and comprehend the related ideas and abilities.

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5 0
1 year ago
Jeff got a part-time job delivering groceries for $15/hour and grossed $8,200
solniwko [45]

Answer:

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4 0
3 years ago
Kay and Jenny's, a restaurant, implements a new system that identifies and gathers information about its regular customers. It r
Agata [3.3K]

Answer:

Customer relationship management.

Explanation:

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3 years ago
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Answer:

14.2%

Explanation:

6 0
3 years ago
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The earnings of an investor-owned corporation can be subject to double taxation.
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