Business, 08.03.2021 20:00, laylay7383

Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the rest, with the agreement to pay nothing for the entire first year and then to pay $ 506.83 at the end of each month over years 2, 3, and 4 (first payment is in thirteenth month). a. What nominal interest rate is Aerotron paying on the loan? %
b. What effective interest rate are they paying? %
c. How much of the fourteenth month's payment is interest? How much is principal? payment interest = $ , and principal = $
d. How much of the eighteenth month's payment is interest? How much is principal? payment interest = $ , and principal = $
e. How much of the twenty-second month's payment is interest? How much is principal? payment interest = $ , and principal= $

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 10:30, drejones338p04p2p

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Answers: 1

continue

Business, 22.06.2019 12:50, tayjohn9774

Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options

Answers: 3

continue

Business, 22.06.2019 19:30, brianna218208

He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31

Answers: 2

continue

Business, 22.06.2019 20:30, jessicaisbaehood

Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions

Answers: 3

continue

Do you know the correct answer?

Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,0...