Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Nov 18, 2022

A man took a car loan that cost 65000$ with 5% interest rate. He pay 1500$ annually. How many months to pay off his full

A man took a car loan that cost 65000$ with 5% interest rate. He pay 1500$ annually. How many months to pay off his full loan?

Step by Step Solution

★★★★★

3.33 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

Car loan 65000 Annual Payment 1500 Interest 5 Int... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Tax Research

Authors: Barbara H. Karlin

4th Edition

013601531X, 978-0136015314

More Books

Students also viewed these Accounting questions

Question

★★★★★

Presented below are unrelated cases involving investments in debt securities: Case 1: A company owns another firm's debt securities in the form of bonds. The bonds were acquired at a discount and are...

Answered: 1 week ago

Question

★★★★★

Under what circumstances are long-term investments in debt securities reported at cost and adjusted for amortization of any difference between cost and maturity value?

Answered: 1 week ago

Question

★★★★★

Investments in debt securities are classified for reporting purposes in one of three categories. Explain each of these three categories.

Answered: 1 week ago

Question

★★★★★

1. Suppose a company produces a product that sells for $55, has a variable cost per unit of $35, and has fixed costs of $100,000. How many units must the company sell to earn a target profit of...

Answered: 1 week ago

Question

★★★★★

For the data of Table 12.4.1, we could also use the nonparametric bootstrap to assess the standard error from the LAD and M-estimator fit. (a) Fit the line y = Î± + Î²x to get...

Answered: 1 week ago

Question

★★★★★

19. A researcher is interested in whether people are able to identify emotions correctly when they are extremely tired. It is known that, using a particular method of measurement, the accuracy...

Answered: 1 week ago

Question

★★★★★

What factors contribute to young childrens ability to think about and visually recognize themselves?

Answered: 1 week ago

Question

★★★★★

The 800-lb roller-coaster car starts from rest on the track having the shape of a cylindrical helix. If the helix descends 8ft for every one revolution, determine the speed of the car in t = 4s....

Answered: 1 week ago

Question

★★★★★

Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are considered separate components as defined by generally accepted...

Answered: 1 week ago

Question

★★★★★

2x 2x 2x3 4 2X2 2 x 5x 2x3 1 8 x x 4x 11 2 + 2X2 = 4

Answered: 1 week ago

Question

★★★★★

Marcela is a sole proprietor and wishes to use the actual method for business use of home expenses. Her mortgage interest fir 2017 is $ 4,392, and real estate taxes are $ 1,278. Her home office is...

Answered: 1 week ago

Question

★★★★★

III. Optimizing Performance For the Lodi Winery, you have been asked by management to examine the data collected and analyzed in the previous modules. The mobjective is for you to help management...

Answered: 1 week ago

Question

★★★★★

The structure shown below is supported by a steel cable from point B to C. This cable has a diameter of 10mm. The Young's modulus of the cable is 20.6x1010N/m2. Determine how much the cable stretches...

Answered: 1 week ago

Question

★★★★★

In a marginal tax rate system, as tax payers make increasing amounts of money, the tax rate they pay on every extra unit of income increases incrementally as their income passes certain cutoffs (...

Answered: 1 week ago

Question

★★★★★

1. The form of competition applies to price, speed, quality, flexibility and innovation. Please explain the form of competition as mentioned earlier in the FnB2. To produce a superior quality product...

Answered: 1 week ago

Question

★★★★★

have taken a snip of the problem and my coding. My code does not include the residual row and the values that come from my code do not match the output. 5.6 LAB: Regression with categorical...

Answered: 1 week ago

Question

★★★★★

Sheila and Jasper entered into a written contract where jasper agreed to build a retirement home with 50 single: resident 2020 rooms (20,000sq, ft.) and an additional 20,000sq. ft. of common area...

Answered: 1 week ago

Question

★★★★★

For the following exercises, find the area of the triangle. Round to the nearest hundredth. 22 50 36

Answered: 1 week ago

Question

★★★★★

A developer acquired a parcel of unimproved real property that she would like to improve. Although the land is currently zoned for commercial use, the developer would prefer not to begin development...

Answered: 1 week ago

Question

★★★★★

Read and brief the following: Roemer v. Commissioner, 716 F2d 693; 83-2 USTC 9600; 52 AFTR2d 83-5954 Threlkeld v. Commissioner, 848 F2d 81; 88-1 USTC 9370; 61 AFTR2d 88-1285 Rev. Rul. 85-143, 1985-2...

Answered: 1 week ago

Question

★★★★★

Alice is an AICPA member actively engaged in advising clients on a variety of federal and state tax matters. Recently, she has expanded her practice to provide tax advice to various corporate...

Answered: 1 week ago

Question

★★★★★

You are the maintenance engineer for a plant that manufactures consumer electronic goods. You are just about to leave on your vacation for two weeks, and the boss is concerned about certain machines...

Answered: 1 week ago

Question

★★★★★

Suppose you are considering two investments, and the critical issues are the rates of return (R1 and R2). For Investment 1, the expected rate of return (1) is 10%, and the standard deviation (1) is...

Answered: 1 week ago

Question

★★★★★

The length of time until a strike is settled is distributed uniformly from0 to 10.5 days. a. Find the probability that a strike lasts less than 1 day. b. Find the probability that a strike lasts less...

Answered: 1 week ago

Previous Question Next Question