Name Phil de Cel Manuel Labor Phyllis Stein Adam Sapple Al Nino Chris P. Bacon Douglas S. Halfemptee Ho Lee Guy Periods per Year 12 1 4 12 4 12 1 4 Years 5 8 20 Billy Bob's Discount Loans and Taxidermy Cost $ 10 $ 15 $ 6 $ $ 15,000.00 13,500.00 50,000.00 12,000.00 15,000.00 Down Payment (%) Down Payment ($) 2,250.00 15.0% $ 10.0% 0.0% 8.0% 10.0% $ $ 25.0% 10.0% 1,350.00 5,000.00 Uh-oh, one of Billy Bob's possums was just playing dead and made a nest using his loan records. Help save his business by using financial functions and the power of math to fill in the missing numbers. Loan Value $ 12,750.00 $ 23,000.00 $ 12,150.00 $ 45,000.00 $ 9,000.00 $ 13,500.00 Annual Rate Payment 9.5% 8.0% 5.5% 7.5% 9.5% 5.0% $1,200.00 $350.00 $750.00 $425.00 $1,750.00 $1,200.00
Name Phil de Cel Manuel Labor Phyllis Stein Adam Sapple Al Nino Chris P. Bacon Douglas S. Halfemptee Ho Lee Guy Periods per Year 12 1 4 12 4 12 1 4 Years 5 8 20 Billy Bob's Discount Loans and Taxidermy Cost $ 10 $ 15 $ 6 $ $ 15,000.00 13,500.00 50,000.00 12,000.00 15,000.00 Down Payment (%) Down Payment ($) 2,250.00 15.0% $ 10.0% 0.0% 8.0% 10.0% $ $ 25.0% 10.0% 1,350.00 5,000.00 Uh-oh, one of Billy Bob's possums was just playing dead and made a nest using his loan records. Help save his business by using financial functions and the power of math to fill in the missing numbers. Loan Value $ 12,750.00 $ 23,000.00 $ 12,150.00 $ 45,000.00 $ 9,000.00 $ 13,500.00 Annual Rate Payment 9.5% 8.0% 5.5% 7.5% 9.5% 5.0% $1,200.00 $350.00 $750.00 $425.00 $1,750.00 $1,200.00
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter14: Planning For Retirement
Section: Chapter Questions
Problem 2FPE
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