Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 13 Aug 2017 My Price 4.00

Susan Chao

Balloon Payments On 1 September 2009 Susan Chao bought a motorcycle for £15,000. She paid £1,000 down, and financed the balance with a five-year loan at a stated annual interest rate of 9.6 per cent, compounded monthly. She started the monthly payments exactly one month after the purchase (i.e. 1 October 2009). Two years later, at the end of October 2011, Susan got a new job and decided to pay off the loan. If the bank charges her a 1 per cent prepayment penalty based on the loan balance, how much must she pay the bank on 1 November 2011?

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Aug 2017 01:08 PM My Price 4.00

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