##### Homework question help needed

 Accounting Tutor: None Selected Time limit: 1 Day

You just took out a \$12,000 loan for your small business. The loan has a 4 year term and repayment is in the form of 4 equal end-of-year payments. The interest rate on the loan is 11.5%. Consider the final loan payment. How much interest do you pay in the final payment?

Jun 24th, 2015

that was the correct answer 3,909.29 round off it will be 3,909\$

Jun 24th, 2015

This is not one of mutiple choice answers given

Jun 24th, 2015

okay let me redo it again

Jun 24th, 2015

okay

Jun 24th, 2015

send me the multiples

Jun 24th, 2015

Jun 24th, 2015

that was the correct answer  \$3,027.27

Jun 24th, 2015

such an aswer

Jun 24th, 2015

Jun 24th, 2015

send the multiples

Jun 24th, 2015

\$764.81/\$1,3800/\$350.61/\$1,089.12/\$403.20

Jun 24th, 2015

12000*11.5%=1380

Jun 24th, 2015

Jun 24th, 2015

Jun 24th, 2015

did he send you the working

Jun 24th, 2015

forward i see if he sent and i will tell you why he got that answer

Jun 24th, 2015

...
Jun 24th, 2015
...
Jun 24th, 2015
May 26th, 2017
check_circle