Thursday
March 23, 2017

Post a New Question

Posted by on Sunday, December 2, 2012 at 2:56pm.

Rancher Rick purchased an additional 80 acres of hay ground to produce hay for his Angus herd. He paid $700/acre. He paid $20,000 down and took out a 10 year loan with interest calculated using add-on interest for the rest of the cost of the land. Assume annual payments and 5% interest rate. What is the amount of total interest paid over the lif of the loan?

  • Finance - , Monday, July 28, 2014 at 6:13pm

    questo

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question