Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 03, 2024

The total amount paid on a 35 year loan was 98 000 If the interest rate was 4 1 and compounded monthly what w the

The total amount paid on a 35 year loan was 98 000 If the interest rate was 4 1 and compounded monthly what w the principal Round your answer to the nearest dollar

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

Industrial Tomography Systems And Applications

Authors: Mi Wang

1st Edition

1782421238, 9781782421238

More Books

Students also viewed these Mathematics questions

Question

★★★★★

The Kc for the following reaction is 9.30 X 10^-2 at 25C:PCl5(g) <-> PCl3(g) + Cl2(g) How many moles & grams of PCl5 must be added to a 2-literflask to obtain a Cl2 concentration of 0.150M...

Answered: 1 week ago

Question

★★★★★

Find i(t) for t > 0 in the circuit of Fig. 8.70. 60 10 i(t) 1 mF 40 2.5 H

Answered: 1 week ago

Question

★★★★★

Choose an organization and identify the major forces in the environment that are likely to affect its prospects in the next three to five years.

Answered: 1 week ago

Question

★★★★★

1. Make sure there are no tables or work areas in the middle of traffic lanes; a person should not have to pass through one area to get to another.

Answered: 1 week ago

Question

★★★★★

According to Nielsen Media Research, approximately 52% of all U.S. households have digital cable television. In addition, 84% of all U.S. households have multiple TV sets. Suppose 45% of all U.S....

Answered: 1 week ago

Question

★★★★★

1. a, You bought a bond five years ago for $10,000. The bond is now selling for $10,500. It also paid $400 in interest per year, which you reinvested in the bond. Calculate the realized rate of...

Answered: 1 week ago

Question

★★★★★

Sunland Inc. was formed on July 1 , 2 0 2 0 . It was authorized to issue an unlimited number of common shares and 1 0 0 , 0 0 0 cumulative and non - participating preferred shares carrying a $ 1 . 8...

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

★★★★★

We need the standard definition of finite and infinite. Definition 0 . 2 . A set S is finite if there exists an integer n such that | S | = n . A set is infinite if it is not finite. Consider the...

Answered: 1 week ago

Question

★★★★★

How will relating product contribution margin s to the amount of the constrained resource they consume help a company maximize its profits?

Answered: 1 week ago

Question

★★★★★

Gemini Corporation is considering two mutually exclusive projects (R and P). The following cash flow data are available: mlp5 End of year Project R Project P 0 -$20.000 -$30,000 15.000 12,000 11.000...

Answered: 1 week ago

Question

★★★★★

The management of McAngus, Inc., has never used formal planning techniques in the operation of its business. The president of McAngus has expressed interest in the recommendation of its accountants...

Answered: 1 week ago

Question

★★★★★

Capital budgeting has received increased attention in recent years. The quantitative techniques employed for capital budgeting decisions depend largely upon accounting data. mlop856 Required: a...

Answered: 1 week ago

Previous Question Next Question