If the interest rest is 12% what is the amount of respectively pay?
Jones Corporation borrowed P9,000 from Brown Corporation surrounded by Jan. 1, 1978 and P12,000 on Jan. 1, 1980. Jones Corporation made a partial transmittal of P7,000 on Jan, 1, 1981. It be agreed that the go together of the loan would be amortized by two payments, one of Jan. 1, 1982 and the other on Jan. 1, 1983, the second human being 50% larger than the first.Please show the formula that you use and the undamaged solution...thanks
Answers:
i presume we involve a special article for home work question!
how do we progress in the region of getting one!
I finished college a while ago so i could be totally incorrect... but i would start sour by finding how much is owed in 1981. So the formula I pretty much started next to be A= P(1+r)^t where on earth P is 9000 contained by 1978 and 12000 contained by 1980.
So surrounded by 1981
A= 9000(1+0.12)^3 + 12000(1+0.12)^1 = 26,084.35
Given the partial pay-out of 7,000 the total owed is presently $19,084.34
From near you should know how to find the payments... if i'm inspired adequate to in reality complete the put somebody through the mill i1ll post my answer. I hope this help or at smallest lead u within the right direction!
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Answers:
i presume we involve a special article for home work question!
how do we progress in the region of getting one!
I finished college a while ago so i could be totally incorrect... but i would start sour by finding how much is owed in 1981. So the formula I pretty much started next to be A= P(1+r)^t where on earth P is 9000 contained by 1978 and 12000 contained by 1980.
So surrounded by 1981
A= 9000(1+0.12)^3 + 12000(1+0.12)^1 = 26,084.35
Given the partial pay-out of 7,000 the total owed is presently $19,084.34
From near you should know how to find the payments... if i'm inspired adequate to in reality complete the put somebody through the mill i1ll post my answer. I hope this help or at smallest lead u within the right direction!