Maurice Tutor

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Teaching Since: May 2017
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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 01 Jun 2018 My Price 3.00

The Coachmen Inn

 loan consolidation: the proprietors of The Coachmen Inn secured two loans from Union Bank: one for $8000 due in 3 years and one for $15,000 due in 6 years, both at an interest rate of 8%/year compounded semiannually. The bank has agreed to allow the tow loans to be consolidated into one loan payable in 5 years at the same interest rate. What amount will the proprietors of the inn be required to pay the bank at the end of 5 years?

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Jun 2018 06:06 PM My Price 3.00

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