Details of this Paper

"Mr. Sullivan is borrowing $2 million to expand hi...




"Mr. Sullivan is borrowing $2 million to expand his business. The loan will be for 10 years at 12% on the declining balance, and will be repaid in equal quarterly installments. What will the quarterly payments be? At the end of the first year, how much interest will Mr. Sullivan have paid? By how much will he have reduced the principal?",Okay, I went to $50.00.,I already got this answer - did you get the third question? "In January 1984, Harold Black bought 100 shares of Country homes for $37.50 per share. He sold them in January 1994 for a total of $9727.50. Calculate Harold's annual rate of return." I just want to make sure I'm not paying for 2 of the same question...thank you!


Paper#4112 | Written in 18-Jul-2015

Price : $25