Saturday
February 28, 2015

Homework Help: math-finance

Posted by Allison on Tuesday, January 18, 2011 at 5:19pm.

Colin borrowed some money at 7.16%?a compounded quarterly. three years later. he paid $5000 toward the principal and the interest. after another two years, he paid another $5000. after another five years, he paid the remainder of the principal and the interest, which totalled $5000. how much money did he originally borrow?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - an investor is considering investing 5000 over five years in a scheme ...
Economics - Finance - If your bank pays 5.5 percent interest on savings deposits...
math - Nazir saved $900 to buy a plasma tv, he borrowed the rest at an interest ...
finance - equipment cost $20,000 and is financed over a period of five years at ...
Maths - Hamish borrowed $5000 for 3 years. He paid $1650 simple interest. What ...
Finance - 1. $5000.00 compunded annually at 6% for 5 years= $6,691.1279? 2. $...
math - Sally invests some money at 65%/a compounded annually. After 5 years . ...
math - Sally invests some money at 65/a compounded annually. After 5 years . she...
Maths B - Kate is thinking about investing $45000 for 5 years. She deposits her ...
math - How much money must you deposit now at 6% interest compounded quarterly ...

Members