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: 408 Weeks Ago, 3 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 > Management Posted 18 Jan 2018 My Price 5.00

Fred Blan

Fred Blan started a business by issuing a $70,000 face value note to First State Bank on January 1, 2012. The note had a 7 percent annual rate of interest and a five-year term. Payments of $17,072 are to be made each December 31 for five years.

Required
a. What portion of the December 31, 2012, payment is applied to
(1) Interest expense?
(2) Principal?
b. What is the principal balance on January 1, 2013?
c. What portion of the December 31, 2013, payment is applied to
(1) Interest expense?
(2) Principal?

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Jan 2018 10:01 PM My Price 5.00

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