Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. problem 1) use excel and provide the formulas used

Problem 1) use excel and provide the formulas used for those cells ...

70.2K

Verified Solution

Question

Accounting

Problem 1) use excel and provide the formulas used for those cells image
(a) You are paying off a debt at a nominal 8% per year by paying $400 at the end of each of each quarter for the next year. Find the interest paid in the last $400 payment. (b) If this debt were to be paid off in two equal payments of $1650 at the end of this year and next year, find the interest paid in the first $1650 payment. Again the loan rattus a nominal 8% per year compounded quarterly. 1- 2- The Southern Guru Copper Company operates a large mine in a South American country. A legislator in the National Assembly said in a speech that most of the capital for the mining operation was provided by loans from the World Bank; in fact, Southern Guru has only $1.5 million of its own money actually invested in the property. The cash flow for the mine is: Year Cash Flow 0 $-0.5M 1 $0.9M 2 $3.5M 3 $3.9M 4 $8.6M 5 $4.3M 6 $3.1M 7 $1.2M The legislator divided the $25.5 million total profit by the $1.5 million investment. This produced he said, a 1700% rate of return on the investment. Southern Guru, claiming the actual rate of

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

A 24-year-old G1P0 woman at 9 week’s gestation is seen in the emergency center for abdominal...

Civil Engineering
1.2K views

List and define the three basic goals of a design team for the design of any...

Physics
1.2K views

Working on the Millikan Oil Drop experiment: when working on the lab one of the key...

Statistics
1.2K views

V V IV 1 10 2 hen purchasing bulk orders of batteries a toy ipment...

Statistics
1.2K views

Babies A sample of 25 one year old girls had a mean weight of 24...

Calculus
1.2K views

he half life of cesium 137 is 30 years Suppose we have a 70 mg...

Calculus
1.2K views

Determine the following limit 35x 4x 4x lim 3 X 42x x 5x 2 2...

Algebra
1.2K views

3 Solve using the completing the square method More than one answer may be correct...

Accounting
1.2K views

During the current year, Mrs. Brown paid $15,000 for the demolition of a warehouse she...

Accounting
1.2K views

Cmo se calcula el porcentaje de cambio en las ventas de 20X8 a 20X9? Esto...

Accounting
1.2K views

Required: Find an article from a reliable news source detailing some aspect of an...

Accounting
1.2K views

Assume another product line is also being considered bookshelves. Only use this information for...