1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
puteri [66]
3 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]3 years ago
4 0

Answer:

35

Explanation:

You might be interested in
The set of skills and knowledge needed to make informed decisions about
Diano4ka-milaya [45]
True
I’m pretty sure
4 0
3 years ago
The first step in marginal analysis is to determine
salantis [7]
 <span>Marginal analysis is the process of identifying the benefits and costs of different alternatives by examining the incremental effect on total revenue and total cost caused by a very small (just one unit) change in the output or input of each alternative.</span>
5 0
3 years ago
Read 2 more answers
Fractions or percentages computed by dividing one account or line-item amount by another are called a.returns. b.industry averag
Studentka2010 [4]

Answer:

Common size statements

Explanation:

A common size statement is when line items in a financial statement are shown as percentages of a common base figure. For example, line items are shown as percentages of value of revenue in the income statement.

I hope my answer helps you

3 0
4 years ago
Read 2 more answers
A government bond issued in France has a coupon rate of 5% (paid annually) and a face value of 100 euros, and it matures in 5 ye
Nina [5.8K]

Answer:

Bond Price​= 106.77

Explanation:

Giving the following information:

Face value= 100

Coupon= 100*0.05= 5

Yield To Maturity= 0.035

Years to maturity= 5 years

<u>To calculate the price of the bond, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 5*{[1 - (1.035^-5)] / 0.035} + [100/(1.035^5)]

Bond Price​= 22.57 + 84.2

Bond Price​= 106.77

8 0
3 years ago
What is the equilibrium quantity for phones?
Nana76 [90]

Answer:

Readjusting once again to marketplace conditions, the next year the company produces 65,000 phones, with a retail price of $45. At the end of the year, the company’s sold almost its total supply of phones. It indicates that the equilibrium quantity of phones is 65,000, at a retail price of $45 (which would be the equilibrium price). More Resources

Explanation:

According to our curve, the equilibrium point initially is indicated by point E on the graph, but since the supply of cellphones has increased, quantity supplied increases to the graph indicated by S 1 S 1, this causes an excess of the product in the market resulting in a stiff competition which often sees the sellers reduce their prices. hope that helps.

3 0
3 years ago
Other questions:
  • Suppose there is an ordinary deductible of $40 and the maximum payment by the insurer is $130. Determine the standard deviation
    6·1 answer
  • Quantitative Problem 1: Assume today is December 31, 2017. Barrington Industries expects that its 2018 after-tax operating incom
    9·1 answer
  • (Blank) monetary policy involves decreasing the money supply.
    9·2 answers
  • The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods invent
    6·1 answer
  • Activity Cost Activity Allocation Base Allocation Rate
    6·1 answer
  • Miser Materials paid $27,500 in dividends and $28,311 in interest over the past year while net working capital increased from $1
    6·1 answer
  • Dr. Osorno was served with a malpractice lawsuit based on allegedly removing the wrong organ. Following discovery, it becomes cl
    12·1 answer
  • When a business firm implements several programs to encourage prompt and courteous customer service, employee participation, and
    14·1 answer
  • Why irish lions rugby playing with Japan?
    9·1 answer
  • The type of appeal used to imply either directly or subtly that the product is more fun or exciting than competitors' offerings
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!