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puteri [66]
4 years ago
13

You have an outstanding student loan with required payments of $ 500 per month for the next four years. The interest rate on the

loan is 8 % APR​ (compounded monthly). Now that you realize your best investment is to prepay your student​ loan, you decide to prepay as much as you can each month. Looking at your​ budget, you can afford to pay an extra $ 200 a month in addition to your required monthly payments of $ 500​, or $ 700 in total each month. How long will it take you to pay off the​ loan? ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)
Business
1 answer:
garik1379 [7]4 years ago
4 0

Answer:

35

Explanation:

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An annuity that goes on indefinitely is called a perpetuity. The payments of a perpetuity constitute a/an series. The equation i
Alborosie

Answer:

Present value of the security = $1,888.89

Explanation:

The annual dividend of $170 represents a perpetual income stream. The present value of a perpetuity is calculated as follows:

PresentValue=\frac{Coupon}{r}

where r =interest rate per annum that would be compounded for each year

Therefore, present value of the security = \frac{170}{0.09} = $1,888.89

4 0
3 years ago
In preparing the cash flows from investing activities section of the statement of cash flows, which type of account is analyzed
Ket [755]

Long Term Assets is a type of account Analyzed for changes.  

A cash flow statement is a type of financial statement that tracks the cash that comes in and goes out of a business as a result of its various operations. Operating, Investing, and Financing Activities make up the three elements of the cash flow statement analysis.

<h3>What is Cash flow from investing operations?</h3>

Investing Activities' Cash Flow from Investing Activities: What Is It? The portion of a company's cash flow statement titled Cash Flow from Investing Activities shows how much money was spent on (or profit was made from) making investments during a specific period of time.

<h3>How do you know what a cash flow statement contains?</h3>

Looking at the balance sheet and comparing any differences between non-current assets across the two periods is the only surefire approach to determine what is included. There will be investing items to show on the cash flow statement if the valuations of these long-term assets change in any way (apart from the impact of depreciation).

Learn more about cash flows:

brainly.com/question/15520294

#SPJ4

5 0
2 years ago
Quantitative Problem: Rosnan Industries' 2013 and 2012 balance sheets and income statements are shown below.
Whitepunk [10]

Answer:

20

Explanation:

8 0
4 years ago
Levin Furniture buys a living room set with a $4,000 list price and a 55% trade discount. Freight (FOB shipping point) of $50 is
Zolol [24]

Answer:Delivered price=$1,814

Explanation:

List Price = $4,000

Trade  discount = 55%

Price after discount = $4,000 - 55% x $4000

$4000- $2,200 =  $1,800

if Levin pays within 10 days he will have a discount of 2 %, which he did

Therefore 2% x $1800 = $36

Delivered price =   $1800 -$36+ freight charges ( shipping)

$1800 -$36 + $50=$1814

5 0
3 years ago
Yesterday, Bob and Maria were not willing to trade $40 for book. Today, they are. What made the difference?
prisoha [69]

Answer:

They probably reduced the price or made a discount

srry if it is not professional hope it helps

3 0
3 years ago
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