How much is each payment, If the annualinterest rate is 7% compounded semiannually, how, Microeconomics

+44 141 628 6080
[email protected]

How much is each payment

Problem

A loan of $1000 is to be repaid in three equal semiannual (every 6 months) payments. If the annualinterest rate is 7% compounded semiannually, how much is each payment?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How much is each payment

Reference No:- TGS02950169

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : How many miles must each salesperson drive each year

How many miles must each salesperson drive each year for it to be economically practical for the firm to provide the cars? Assume a 10% annual interest rate.

Q : Determine whether the new machine should be purchased

Use an annual cash flow analysis to determine whether the new machine should be purchased.

Q : Determine whether the hydro-clean offer should be accepted

n oil refinery must now begin sending its waste liquids through a costly treatment process. Determine whether the Hydro-Clean offer should be accepted.

Q : What is bill andersons monthly payment to pay off the loan

What is Bill Anderson's monthly payment to pay off the loan on the car? Why is Doug's monthly savings account deposit smaller than Bill's payment?

Q : How much is each payment

If the annualinterest rate is 7% compounded semiannually, how much is each payment?

Q : How much would an engineer need to save each month

How much would an engineer need to save each month to become a millionaire by the end of her working career?

Q : What annual sum must he set aside

Assuming 15% nominal interest, compounded continuously, what annual sum must he set aside?

Q : Compute the equivalent uniform annual cost during four years

Compute the equivalent uniform annual cost during the 4 years the device was used. Assume interest at 10% per year.

Q : What annual benefit is need to justify buying heat exchanger

If 15% is an appropriate rate of return, what annual benefit is needed to justify buying the heat exchanger unit?

1957092

Questions
Asked

3,689

Active Tutors

1446657

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Describe the results, including any scores

Describe the results, including any scores. Result: E6% Extraverted Action oriented, Outgoing, Expressive, Hands-On S17% Sensing Traditional,

Discuss social worker working with foster children

You are a social worker working with foster children. You are making a home visit to Katie, age nine, and her foster family.

Identify a true statement about validity

Question: Identify a true statement about validity as applied to a test. Multiple choice question

How we perceive objects in the real world

Suppose that a group of researchers would like to explore how we perceive objects in the real world, rather than just in a laboratory

Identify one antecedent, one behaviour, and one consequence

Sahir is the most active student in your kindergarten class. He tends to be very disruptive when the teacher you work with is teaching the class,

How do you define being an adult

Based on information provided in Ch. 11 & 12, how do you define "being an adult"?

How teenagers in an impoverished urban area spend their time

The purpose is to examine the psychological factors affecting how teenagers in an impoverished urban area spend their time outside of school using: