Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 05, 2024

suppose you racked up $31549 of student loan and the interest us 1% APR, if you would have to pay back the loan with interest

suppose you racked up $31549 of student loan and the interest us 1% APR, if you would have to pay back the loan with interest over the next 7 years, how much would your monthly payment amount ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Financial Literacy For Managers

Authors: Richard A. Lambert

1st Edition

1613630182, 978-1613630181

More Books

Students also viewed these Finance questions

Question

★★★★★

When uranium 235 92 U decays, it emits (among other things) a g ray that has a wavelength of 1.14 10 11 m. Determine the energy (in MeV) of this ray.

Answered: 1 week ago

Question

★★★★★

As a function of $\lambda$, show that the transformation $\mathbb{R}_{+}^{n} ightarrow \mathbb{R}^{n}$ \[ (g y)_{i}=\frac{y_{i}^{\lambda}-1}{\lambda \dot{y}^{\lambda-1}} \] is continuous at...

Answered: 1 week ago

Question

★★★★★

If X1 and X2 are independent nonnegative continuous random variables, show that P{X1 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Mendoza Corporation was organized on January 1, 2014. It is authorized to issue 20,000 shares of 6%, $40 par value preferred stock, and 500,000 shares of no-par common stock with a stated value of $2...

Answered: 1 week ago

Question

★★★★★

could you just solve for 6,7,8,9 Operating and Financial Budgets. Pat has become concerned about the profitability and cash needs for the business as it grows. You have been asked to prepare some...

Answered: 1 week ago

Question

★★★★★

A company with $60,000 in current assets and $40,000 in current liabilities receives $1,000 cash on account. As a result of this transaction, the current ratio and working capital will Select one A....

Answered: 1 week ago

Question

★★★★★

The following data were gathered to use in reconciling the bank account of Donovan Company: Balance per bank $9,945 Balance per company records 9,295 Bank service charges 35 Deposit in transit 2,135...

Answered: 1 week ago

Question

★★★★★

Using the below wireshark file. I need explanations how to find/filter those information, not just answers. https://cs6035.s3.amazonaws.com/MITM/mitm_spring2024.pcap Task 1.1: What is the server...

Answered: 1 week ago

Question

★★★★★

Meranti Sdn Bhd has analysed the costs of producing and selling 5,000 units of its only product to be: Direct materials RM 60,000 Direct labour 40,000 Variable factory overhead 20,000 Fixed factory...

Answered: 1 week ago

Question

★★★★★

During last assignment, you did such an amazing job with Frank's finances, that he is retaining you as his financial consultant. Thanks to you, Frank's financial house is in excellent order. He is...

Answered: 1 week ago

Question

★★★★★

Determine the total mass of the horizontal beam when the mass of the beam is 37.5kg/m. Determine also the force resultant affecting the tilted rope when angle =30 5.6 m 2.4 m B Tilted rope- 250kg

Answered: 1 week ago

Question

★★★★★

9. Define impasse, mediation, and strike, and explain the techniques that are used to overcome an impasse. case, Congresshas done or not done? What laws would prevent the union from going on strike...

Answered: 1 week ago

Question

★★★★★

5. What does www.seiu.org/ tell you about this unions aims and how it intends to achieve them?

Answered: 1 week ago

Question

★★★★★

6. What actions might make employers lose elections?

Answered: 1 week ago

Previous Question Next Question