Suppose that $10,000 is borrowed now at 15% interest per year. A partial repayment of $3,000 is made four years from now. The amount that will remain to be paid then is most nearly: A. $7,000 B. $8,050 C. $8,500 D. $13,000 E. $14,490
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- Suppose you borrowed $20,000 at a rate of 9.2% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? O a. $16,000.00 O b. $17,106.89 Oc. $14,831.44 O d. $16,671.44 Oe. $15,266.89Suppose you borrowed $45,000 at a rate of 8.4% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? a. $36,000.00 O b. $38,272.98 Oc $37,390.39 O d. $34,492.98 O e. $33,610.39None
- Financial AccountingSuppose you borrowed $15,000 at a rate of 11.1% and must repay it in 5 equal installments at the end of each of the next 5 years. How much interest would you have to pay in the first year? a. $1,248.75 b. $1,665.00 C. $1,714.95 d. $1,481.85 e. $1,615.05Suppose you borrowed $50,000 at a rate of 8.1% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? Oa. $42,434.97 Ob. $41,494.15 Oc. $40,000.00 Od. $37,444.15 Oe. $38,384.97
- Suppose you borrowed $80,000 at a rate of 8.5% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? O a. $66,498.74 O b. $66,338.29 c. $63,267.08 d. $74,323.46 e. $68,795.27Suppose you borrowed $37,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be? a. $11,420.74 O b. $9,136.59 c. $9,707.63 d. $10,735.50 e. $8,908.18Your company has just taken out a loan for $25,000 to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 10% compounded annually. What percentage of the 2nd payment will be interests? A. 17.36% B. 19.36% C. 18.36% D. 21.36% E. 20.36%