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sergey [27]
3 years ago
11

Hugh curtin borrowed $35,000 on july 1, 2017. this amount plus accrued interest at 8% compounded annually is to be repaid on jul

y 1, 2022. how much will hugh have to repay on july 1, 2022?
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
4 0

Answer: $49,000

Explanation: In order to calculate how much he will need to repay we first need to calculate the amount of interest that he will pay. The formula for interest is Interest = Principal x rate x time.

Using the formula, Interest = $35,000 x .08 x 5, Interest = $14,000

On July 1, 2022 Hugh will need to repay the principal that he borrowed, which was $35,000 plus the interest of $14,000, which is a total of $49,000.

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Answer: The correct answer is "an intermarket spread".

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Which one of the following statements is true? a. A manufacturing company will normally have raw materials, work in process, and
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Answer:

d. A manufacturing company will normally have raw materials, work in process, and merchandise inventory as inventory account classifications.

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Assume that there are two nations, alpha and beta. each nation produces two products, wheat and steel. alpha has a comparative a
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8 0
4 years ago
Jason and Paula are married. They file a joint return for 2020 on which they report taxable income before the QBI deduction of $
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Explanation:

Their QBI deduction for the year goes thus:

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