Business

16 December, 01:27

Billingsley, inc. is borrowing $60,000 for five years at an apr of 8 percent. the principal is to be repaid in equal annual payments over the life of the loan with interest paid annually. payments will be made at the end of each year. what is the total payment due for year 3 of this loan?

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Billingsley, inc. is borrowing $60,000 for five years at an apr of 8 percent. the principal is to be repaid in equal annual payments over ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to stockholders of record on October 15. The dividend is paid on October 31.

Fraudulent financial reporting is the only type of fraud that involves making false or misleading entries in the books of the company. a. True b. False

If at an output of 10 units a monopolist is earning a positive profit, marginal revenue is $6, and marginal cost is $4, then the monopolist:

Prepare a journal entry for the purchase of office supplies on march 9 for $1,775, paying $275 cash and the remainder on account

Because of its effect on the amount of capital per worker, in the short term an increase in the working population is likely to a. reduce productivity. Other things the same, this decrease will be larger in a rich country. b. reduce productivity.

New Questions in Business

What is a kind of federal payroll tax A) Medicare tax B) sales tax C) property tax D) progressive tax

The Rye Corporation has provided the following information: Total sales were $1,240,000. Beginning net accounts receivable was $49,000. Ending net accounts receivable was $63,000. Sales returns and allowances totaled $108,000.

It's important to know whether you've paraphrased and cited source material for your paper correctly so you avoid plagiarism. Read the original quote below and the two attempts to paraphrase it.

What is a liquidity trap? -When deflation occurs because growing debt obligations cause a decrease in aggregate demand. -When increasing price levels result in fixed-income earners "drowning" as expenses grow while income remains constant.

Elisabeth gets a new credit card with a $ 5 comma 000 credit limit. Elisabeth gets a new credit card with a $5,000 credit limit. Is this counted in M1 only, M2 only, M1 and M2, or neither?