You borrow $5,000 at a simple 15% interest rate from your friend for 18 months in order to purchase new furniture and sign on a promissory note on your borrowing. 5 months later, your friend sells...
You borrow $5,000 at a simple 15% interest rate from your friend for 18 months in order to purchase new furniture and sign on a promissory note on your borrowing. 5 months later, your friend sells...
Revenue of $1000, Depreciation and Amortization Expense of $100, Interest Expense of $100, and Tax Expense of $50. All other Expenses were $400. What was EBITDA?
nico is saving money for college education. he invest some money at 6% and 2100$ less than that amount at 5% the invest of $214 interest in 1 year how much did he invest at each rate ?
Bob Forrester is retired and owns a home. Two years ago, Bob's net worth was $650,000. Last year, his net worth was $740,500. What is the approximate percent of increase or decrease between two years...
Last year Liam Brown calculated his net worth. Consider Liam Brown's current situation as listed below. This year, Liam saw an increase of $34,800 in his net worth from last year. What...
finance math
Hello, Please help if you can. How do you solve these 4 (not the answers, just how to solve step by step ) thanks. 1. Calculate the future value at the end of twenty-five years of...
therec Are no more details
Financial Professionals
Xiao Li wishes to accumulate $50,000 by the end of 10 years by making equal annual end-of-year deposits over the next 10 years. If Xiao Li can earn 5 percent on her investments, how much must she...
How much should Jethro invest now to have $10 000 in 3 years time? The money will be invested at 5%/ a compounded monthly.
If $350 grows to $500 in 3 years, what is the annual interest rate assuming that interest in compounded annually?
Mario neglected to pay a credit card bill of $1550 at 17%/a, compounded daily, for 2 weeks after it was due. What is the amount he must pay to settle the bill at the end of 2 weeks?
Gordon has a Canada Savings Bond that pays $150 in simple interest each year. The annual interest rate is 4.75%. What principal did Gordon invest in the bond?
an investment of $1500 earned $35.20 at a simple-interest rate of 5.5% per year. How long was the investment held?
The following describes the conditions of an ordinary annuity, with interest compounded with each payment and payments made at the end of the compounding period. Find the accumulated amount of the...
A retirement account has $10,000 in it and earns 10% interest per year compounded monthly. At the end of every month for the next 5 years you will deposit $200 into this account. How much will be...
How much should we deposit now into an account earning 9% interest per year, compounded monthly so that starting one month from now the bank will send us monthly payments of $375 for 5 years? At the...
How much would need to be invested at 5.25% annual simple interest to amount to $7,520 in 6 years?
Find the required payment for the sinking fund: Quarterly deposits earning 7.4% to accumulate $66,000 after 30 years.