Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 28 Aug 2017 My Price 6.00

start-up company

a. A shrewd investor loaned $1,000,000 to a start-up company at 10% per year interest for 3 years, but the terms of the agreement were such that interest would be charged on the principal rather than on the unpaid balance. How much extra interest did the company pay?

b. What is the nominal rate of return per year on an investment that increases in value by 8% every 3 months?

c. Assume you borrow $50,000 at 10% per year interest and you agree to repay the loan in fi ve equal annual payments. What is the amount of the unrecovered balance immediately after you make the third payment?

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Aug 2017 04:08 PM My Price 6.00

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