what is the yield to maturity on a simple loan for $1 million than requires a repayment of $2 million in five year time?
1 answer:
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Table is attached below
From the table we can see that the Lemon cost is equal to 35% of the expenses
Let the expense be x, Lemons cost is 70
Lemon cost = 35% * x
70 = 35% * x ( 35% = = 0.35)
70 = 0.35 * x
x =
x= 200, Expense = $200
Given : Profit percentage is 15%= = 0.15
Profit = profit percentage * Expense
Profit = 0.15 * 200 = 30
So profit = $30
Answer:
$13,177.97
Step-by-step explanation:
Compound Interest Formula
A = final amount
P = initial investment
r = interest rate
n = number of times the rate is applied during a time period
t = number of times the time period has elapsed