Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. answer a debt of $10000.00 with interest at 8%

answer A debt of $10000.00 with interest at 8% compounded quarterly...

80.2K

Verified Solution

Question

Accounting

answer
image
A debt of $10000.00 with interest at 8% compounded quarterly is to be repaid by equal payments at the end of every three months for two years. a) Calculate the size of the monthly payments. PV=10000n=8i=0.02PMT51365.10 b) Complete the amortization table

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

which one is acid fast bacteria how it looks color and shape after staining acid fast...

Biology
Q

9.537 g of a non-volatile solute is dissolved in 220.0 g of water.   The solute does not...

Chemistry
Q

UNITE is a union that was established in the late 1800s to represent workers in the...

General Management
Q

4 Name and describe the three stages of annealing process Explain how dislocations are involved...

Biology
Q

A source emitting the sound of frequency 400 Hz is tied to a string of...

Physics
Q

Suppose you took 17 credit-hours this past semester, your third semester in college. Youearned an...

Basic Math
Q

Save Exit Certify Lesson 2 3a Finding the Equation of a Line Question 1 of...

Algebra
Q

Prepare the income statement for Grouper. The effective tax rate for past years...

Accounting
Q

Loss contingencies should be accrued and recorded when ...

Accounting
Q

stephan's employer in Sherbrooke, Quebec pays $325.00,including all applicable taxes to the parking garage for...

Accounting
Q

Steel Company uses activity-based costing and reports the following for this year. Allocate overhead costs...

Accounting
Q

help you plan to withdraw $500 quartely from an account at the beggining of...

Accounting