A loan of $50,000 is to be repaid in 8 equal end-of-year payments at 10% a. After 3 years, how much of the loan would be paid? b
. How much would it cost to buy down the interest to 9%?
1 answer:
Answer:
a) = 13550 paid by end yr 3 b) 36450 * 0. 01 = $364.5 buy down interest by 1%
Step-by-step explanation:
50000 * 0.10 = 5000 paid yr 1 = 5000 /8 = 625 per payment 45000 * 0.10 = 4500 paid yr2 40500 *0. 10 = 4050 paid 40500-4050= 36450 left to pay 50000-36450 = 13550 paid b) 36450 * 0. 01 = $364.5 buy down interest by 1%
You might be interested in
I think the answer is 3.5 cause when you divide it 7 go inside and 7 there's nothing you can multiply to get 7
Answer:
100 yards of fabric
Step-by-step explanation:
12 divided by 3 = 4 yards of fabric per costume
4 x 25 = 100 yards of fabric
Answer:
D
Step-by-step explanation:
a triangles angles have to add up to 180 degrees
p.s.I hope this helps
Answer:
The 6 numbers are: 16, 18, 20, 22, 24, and 26 so the answer would be 22.