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Liula [17]
3 years ago
11

Apple Bank makes a loan to Harry at 12.5 percent per year to be repaid by level annual payments for t years. Exactly one year be

fore the loan is to be terminated, Harry notices that the decrease in outstanding loan balance since he took out the loan is 18,027.36. Harry's last payment contains 461.58 in interest paid. a. Find the principal paid in the second payment. b. Find the total interest paid in the first three years c. Exactly what was the term of Harry's loan? d. Find OLB
Business
1 answer:
Stels [109]3 years ago
7 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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<span>the elements of product, price, place, and promotion which sport marketers manipulate to achieve marketing goals and objectives and are mostly visible and flexible. the price is in many ways one of the most visible, and for many organizations price is also potentially the most controllable and flexible element of marketing mix. The most visible element is price, and also it is seen to be possibly the most flexible element of the marketing mix, it is probably the most difficult to manage and it has to reflect the state of what matters is to understand that price does not stand alone, it interacts with the whole organization. Overall, price is very visible.</span>
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3 years ago
Waxwania is producing $550 of real gdp, whereas the potential real gdp (or full-employment real gdp) is $650. how large is its b
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3 years ago
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When seeking financial backing from a venture capitalist, a small business owner should realize that the venture capitalist will
kipiarov [429]

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Small businesses do not have adequate capital and turn to venture capitalists for financial backing to expand and upscale their projects. Venture capitalists do not invest in budding businesses but choose businesses that have strong management and clear concepts and are ready to market their products. Due to uncertainty in the investment outcome, venture capitalists tend to have a high failure rate, but the investments that do pan out tend to be high yield.

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5 0
2 years ago
Last year, your company had sales of $3.6 million, cost of goods sold of $2.3 million and operating expenses amounting to $840,0
atroni [7]

Answer:

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Explanation:

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3 years ago
Who appoints the chairman of the board of governors of the federal reserve system ​
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The chair is nominated by the President of the United States from among the members of the Board of Governors, and serves a term of four years after being confirmed by the United States Senate.

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