Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 27, 2024

You decided it is important to pay off some of your debt to help build your credit score. If you paid $ 1 , 3

You decided it is important to pay off some of your debt to help build your credit score. If you paid $

1, 309

interest on $

41, 400

5 %,

what was the time, using exact interest?

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

Bond Markets Analysis And Strategies

Authors: Frank J. Fabozzi

6th Edition

0131986430, 9780131986435

Students also viewed these Finance questions

Question

★★★★★

Consider an exponential and a logistic-type trend and reason why the growth rate generated by these trends depends on time. (You may follow a similar argument as in the quadratic case of Section...

Answered: 1 week ago

Question

★★★★★

What data rates are provided by the different types of Wi-Fi?

Answered: 1 week ago

Question

★★★★★

Each DR is backed by a specific number of an issuers local shares. This is referred to as the a. DR ratio b. Issuers holding ratio c. Market holding ratio d. None of the above

Answered: 1 week ago

Question

★★★★★

Ralph Henwood was paid a salary of $64,600 during 20-- by Odesto Company. In addition, during the year Henwood started his own business as a public accountant and reported a net business income of...

Answered: 1 week ago

Question

★★★★★

Present Value of Bonds Payable; Premium Moss Co. issued $105,000 of five-year, 12% bonds with interest payable semiannually, at a market (effective) interest rate of 11%. Determine the present value...

Answered: 1 week ago

Question

★★★★★

Suppose Alcatel-Lucent has an equity cost of capital of 9.8 % market capitalization of $ 11.52 billion, and an enterprise value of $ 16.0 billion with a debt cost of capital of 7.3 % and its marginal...

Answered: 1 week ago

Question

★★★★★

Explain the process of MBO

Answered: 1 week ago

Question

★★★★★

What is the H-C-H bond angle in a methane molecule? [A] 120 [B] 75 [C] 109.5 [D] 150

Answered: 1 week ago

Question

★★★★★

Which of the following metals finds its use as a radiocontrast agent in X-ray imaging? [A] Scandium [B] Lithium [C] Barium [D] Titanium

Answered: 1 week ago

Question

★★★★★

What are the structures formed by the soap molecules, during cleansing, known as? [A] Stearates [B] Esters [C] Micelles [D] Tubes

Answered: 1 week ago

Question

★★★★★

Which one of the following materials is very hard and very ductile? [A] Carborundum [B] Tungsten [C] Cast iron [D] Nichrome

Answered: 1 week ago

Question

★★★★★

How would you assess your political skill at using networking, reciprocity, and coalition building to help you get what you want? What can you do to improve?

Answered: 1 week ago

Question

★★★★★

When someone tries to influence you, which influencing tactic works best and why? Why doesnt this same tactic work best for everyone?

Answered: 1 week ago

Question

★★★★★

Do you agree with the saying, Its not what you know, its who you know that is important? Is it ethical to use connection power to get jobs and other things?

Answered: 1 week ago

Previous Question Next Question