Top Posters
Since Sunday
I
3
p
2
w
2
y
2
J
2
Q
2
r
2
o
2
e
2
j
2
d
2
T
2
Home Q & A Board Other Fields Homework Help Business Management
New Topic  
stranahan stranahan
wrote...
Go to Answer
Posts: 3324
Rep: 10 0
7 years ago
Assume a five-year equal payment amortization schedule with an annual interest rate of 12% and annual payments. If the beginning principal is $8,000, then the first interest payment will be how large?
A) $1,200.00
B) $2,219.28
C) $960.00
D) There is not enough information to answer this question.
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
Read 213 times
2 Replies
Replies
Answer verified by a subject expert
waspchichesterwaspchichester
wrote...
#1
Posts: 253
Rep: 27 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

stranahan Author
wrote...
#2
7 years ago
Thank you very much for this. It's really helpful.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1764 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 1266
  
 208
  
 365
Your Opinion
Where do you get your textbooks?
Votes: 447
Previous poll results: Which of the following is the best resource to supplement your studies: