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Vinil7 [7]
3 years ago
13

Assume you graduate from college with ​$26 comma 000 in student loans. If your interest rate is fixed at 4.70​% APR with monthly

compounding and you repay the loans over a 10​-year ​period, what will be your monthly​ payment?

Business
1 answer:
mylen [45]3 years ago
3 0

Answer:

$271.97

Explanation:

For this question we use the PMT i.e monthly payment that is presented on the attached spreadsheet. Kindly find it below:

Data provided in the question

Given that,  

Present value = $30,000

Future value = $0

Rate of interest = 4.70% ÷ 12 months = 0.391666%

NPER = 10 years × 12 months = 120 months

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $271.97

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The order of questions most objetive and unbiased is first (a) and then (b)

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The order of the questions influences the answer of the people. If you ask first about dating, when they answer the question about happiness, the second answer would focus on the happiness it brings if they are datting. That means that I am inducing an answer about the happines of being dating or not, that is not ethical and the survey is not objetive. If the order of the questions is first (a) and the (b), the answer about happiness is not focused in the sentimental situation, and you can find if there is a correlation betwen the happiness and dating.

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3 years ago
What most likely will happen if the pie maker continues to make additional pies? the marginal costs will continue to rise, incre
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4 0
4 years ago
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gregori [183]

Answer:

$13.19

Explanation:

Data given

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4 years ago
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Answer:

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The examination and records unit on the final and higher level is the home server for all information systems security, backup and archive and the communication level regarded as the inter enterprise units. It is the final resort point when every other means of information and record keeping becomes threatened. Hence it is seen as the collation, record keeping and transfer point between one enterprise or department to the other.

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