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?
Suppose you are going to receive $5,000 per year for 8 years. The appropriate interest rate is 10 percent. What is the present value of the payments if they are in the form of an ordinary, a. anhuity? b. What is the present value if the payments are an annuity due?
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 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?
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?
If you were to borrow $9,400 over five years at 0.10 compounded monthly, what would be your monthlypayment?
If you borrow $1700 and agree to repay the loan in sux equal annual payments at an interest rate of 11%, what will your payment be? what will your oayment be if you make the first payment on the loan immediately instead of at the end of the first year?
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?
Assume you borrow $2000 now at 7% per year for 10 years and must repay the loan in equal yearly payments. Determine the symbols involved and their values.
Suppose your opportunity cost (interest rate/year) is 11% compounded annually. How much must you deposit in an account today if you want to pay yourself $230 at the end of each of the next 15 years? How much must you deposit if you want to pay yourself $230 at the beginning of each of the next 15 years?

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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?