Wednesday
July 30, 2014

Homework Help: Finance

Posted by Mary on Monday, February 8, 2010 at 12:06am.

Mrs. Smith borrowed $20,000 from Last National Bank. She will repay the loan with 5 annual payments and her interest rate is 14%. a) Find the amount of her annual payments. b) What is her loan balance after she has made her 3rd annual payment?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - you have contacted a number of dearlerships to determine the best ...
Finance - you have contacted a number of dearlerships to determine the best ...
Finance - you have contacted a number of dearlerships to determine the best ...
Finance - you have contacted a number of dearlerships to determine the best ...
buissness math - Determine the total in Dexter's account after the second month ...
Consumer math !!!! please check - Determine the total in Dexter's account after...
Mathematics of Finance - Richard borrowed 170000 dollars from his bank to help ...
eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...
math - Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 ...
math - Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 ...

Search
Members