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You are considering borrowing $10,000 for 3 years at an annual interest rate of 6%.

The loan agreement calls for3 equal payments, to be paid at the end of each of the next3 years. (Payments include both principal and interest.) The annual payment that will fully pay off (amortize) the loan is closest to

 

$2,674.

 

$2,890.

 

$3,741.

 

$4,020.

ERP Audit Management Project Management Business Development Management
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Question ajoutée par Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
Date de publication: 2015/03/22
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Mir Mujtaba Ali
par Mir Mujtaba Ali , Internal Audit Manager , Confidential

USD.3,741..........................,,,,,,,,,,

rohit mehra
par rohit mehra , Group GM - Finance and accounts , Sun and Sand Group

three equal payments =10000 /3 =3333

first year outstanding =10000 interest is600

second year outstanding =6667 () interest is400

third year outstanding =3334 () interest is200

Total outstanding =10000 +1200 =11200

3 equal installments =11200 /3 =3733

Alex Al Yazouri
par Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

I agree with the experts on >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

$3,741.>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

I agree for3741. Equated annual instalments.

Wasi Rahman Sheikh
par Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Agreed with experts <<<<<<<<<<<<<<<<

 

Emad Mohammed said abdalla
par Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

>>>>>>>> The answer will be $3,741.

 

khaled elkholy
par khaled elkholy , HR MANAGER , misk for import & export

$3.741 is correct answer.......................

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