Thursday
April 17, 2014

Homework Help: algebra

Posted by Becky on Monday, November 12, 2012 at 9:01pm.

my scenario, to start a small business you will need a loan of $50.000 to purchase the restaurant. The bank interest rate 9% that compounds monthly for 7 years. What is the monthly payment for this loan, what is the fomula that you will use and the values for each variable to calculate the monthly payment. What is the unpaid balance at the end of the year? Show the formula that you used and the values used for each vairable to calculate the unpaid balance at the end of the 1st year.What is the unpaid balance at the end of the 6th year Show the formula that you used and the values used for each varible to calcuate the unpaid balance at the end of the 6th year.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

accounting - Write a 700- to 1,050-word paper, using APA guidelines, based on ...
accounting - 2. Final Project: Business Plan Resources: Appendix A Due Date: ...
small business australia - how do networks help small business by overcoming the...
MBA financial managment - We are starting a business and want to decide how much...
business - a 200- to 300-word description of a business scenario, either real or...
business - write a 200 to 300 word description of a business scenario either ...
business - 200-300 word descrption of an business scenario
business - Explain the reasons that a small business might fail and explain the ...
statistics - A state has averaged one small business failure per week over the ...
Business - Can you please help me in better understanding these different types ...

Search
Members