Wednesday
April 16, 2014

Homework Help: math

Posted by jule on Thursday, August 9, 2012 at 6:13pm.

john has a loan but doesn't begin to repay his loan for 11 months, at a rate of $500 every month of four month. the interest rate is 8% compounded monthly determin the size of the loan using the following 2 steps

1. calculate the present value, pv1 of annuity payment at the end of the period of deferral


2. calculate the present value, pv2 of the payment at the beginning of the period of deferral

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - 4. Vanna has just financed the purchase of a home for $200 000. She ...
algebra - john borrowed $650 from credit union . interest rate is 7.9% , and ...
business/math - what is the answer to: you obtain a margin loan of 18000 to ...
Intrest - On Sept 14 Jennifer Rick went to park bank to borrow 2500.00 at 11 3/4...
simple intrest - ON September 14th Jennifer Rick went to a park bank to borrow ...
Simple Intrest - ON September 14th Jennifer Rick went to a park bank to borrow ...
math - John borowed 12,000 and agreed to repay the loan in six equal monthly ...
Maths-financial - Ted needs to take out a loan to buy a new bicycle.He is able ...
Business Math - Terry has an 18-month installment loan for $1,700 at 12% annual ...
Math - please help me thanks :) Paul needs to repay a loan(installment loan) of...

Search
Members