Financial Accounting Question If you borrow $100 at 10 percent simpleannual interest and repay it in one lumpsum at the end of one year, how much youwill have to pay?

Problem OverviewYou borrow $100 at a 10% simple annual interest rate and repay it in one lump sum at…

Answered: If you borrow $100 at 10 percent simple…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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Similar questions

You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuity
what is the present value of a loan that calls for the payment of $500 per year for six years if the discount rate is 10 percent and yne forst payment will be made one year from now ? how would your answer change if $500 per year occured for ten years ?
If you borrow $9,000 and agree to repay the loan in six equal annual payments al an interest rate of 10%, what will the annual payment be? What if you make the first payment on the loan at the end of second year?
If you are considering the purchase of a consol that pays $60 per year forever, and the rate of interest you want to earn is 10% per year, how much money should you pay for the consol?
Suppose you put $ 600 a month for retirement into an annuity earning 7.5% compounded monthly. If you need $ 550000 to retire, in how many years will you be able to retire?
Suppose you are going to receive $10,000 per year for 5 years. The appropriate interest rate is 11%. What is the present value of the payments if they are in the form of an ordinary annuity?
You've been offered a loan of $10000, which you will have to repay in 10 equal annual payments of $2000, with the first payment due one year from now. What interest rate would you pay on that loan?
13) You take out a loan for $75,000 for 12 years at 6% monthly. What is the payment? a) how much interest is paid for the entire loan? b) If you pay an extra $100 per month, how many payments will it take to pay off the loan? c) If you pay an extra $100 per month, how much interest will be saved?
Suppose you invest in an annuity that pays 5% interest, compounded semiannually. How much will you need to invest, semiannually, to reach a savings goal of $500,000 at the end of 25 years?
C) What is the present value of $7,500 per year, at a discount rate of 8.5 percent, if the first payment is received 10 years from now and the last payment is received 25 years from now?You have signed up for your 401k and will deposit $750 into your 401k when you are paid at the end of each month. If you earn a compound annual rate of return of 6%, how much will you have in 15 years?What would your monthly car payment be if you financed a $35,000 car for 3 years at a rate of 6%?The appropriate discount rate for the following cash flows is 12 percent compounded quarterly. What is the present value of the cash flows? Year 1 CF=700, Year 2 CF=600, Year 3 CF=0, Year 4 CF=1000
If you were to borrow $9,400 over five years at 0.10 compounded monthly, what would be your monthlypayment?
If you need 6,000 5 years from now, how much of a deposit must you make in your savings account each year, assuming an 8 percent annual interest rate?

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If you borrow $100 at 10 percent simple annual interest and repay it in one lump sum at the end of one year, how much you will have to pay?