Ask Experts Questions for FREE Help !
Ask
    thiajj's Avatar
    thiajj Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 10, 2008, 07:06 PM
    Quarterly installments
    Mr. Sullivan is borrowing $2 million to expand his business. The loan will be for ten years at 12% and will be repaid in equal quarterly installments. What will the quarterly payments be?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Jun 10, 2008, 10:45 PM
    Please read our guidelines for posting homework questions:

    https://www.askmehelpdesk.com/financ...-b-u-font.html
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

What is the quarterly payment? [ 1 Answers ]

What quarterly payment is necessary to accumulate $1.5million over 15 years if the effective annual interest rate is 12.55%, compounded quarterly? Assume payments are made at the end of each quarter.

Payment Installments/ Long-Term Liabilities [ 1 Answers ]

Hey, I got this problem in accounting that has to do with long term liabilities. I created a complete payment schedule, and tried 2 different versions of answers, this is what I thought was the closest, but apparently it is wrong, could someone help out with this. Problem: Fowler purchased a...

Emplyer quarterly Return help? [ 1 Answers ]

My gross Salary is $ 5000/month Tax withheld from my monthly paycheck are Federal tax: $422.92 State of NJ tax: 147.58 Medicare: $ 72.50 Social security: $310.00

View more questions Search