Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. suppose that you are obtaining a personal loan fro

Suppose that you are obtaining a personal loan from your uncle in the amount of...

70.2K

Verified Solution

Question

Basic Math

image

Suppose that you are obtaining a personal loan from your uncle in the amount of 39 000 now to be repaid in four years to cover some of your college expenses If your uncle usually earns 11 interest annually on his money which nvested in various sources what minimum lump sum payment four years from now would make your uncle happy Click the icon to view the interest factors for discrete compounding when i 11 per year The minimum lump sum payment four years from now should be Round to the nearest dollar

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

Physics
1.2K views

A uniform ladder is 16 m long and weighs 240 N. In the figure, the ladder...

Accounting
1.2K views

On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions...

Physics
1.2K views

3 For a cell the terminal potential difference is 2 2 V mwhen circuit is...

Physics
1.2K views

A loaded vertical spring executes S H M with time period of 4 s The...

Basic Math
1.2K views

The area of a square depends on the length of its sides. This can be...

Accounting
1.2K views

Exerclse 8-19A (Algo) Computing and recording depletion expense LO 8-9 Colorado Mining paid...

Accounting
1.2K views

At year-end December 31, Chan Company estimates its bad debts as 0.90% of its annual...

Accounting
1.2K views

Programmed in C#, I'm very lost Problem Statement: AllPets Veterinary Clinic, owned by Dr....

Accounting
1.2K views

ng Active Lan Petersen Then Carles ve TCE 6789 - A E + Holg F...

Finance
1.2K views

D Ltd expects annual demand of 40000 units for the next 5 years and has...

Finance
1.2K views

You've just bought a share of stock for $79. You plan to sell it next...

Finance
1.2K views

Which of the followings is NOT an advantage of financial institutions in consumption smoothing? A....