User Account

All Pages

Computing the size of the payment for installment

Assignment Help Mathematics
Reference no: EM13830294

Problem:

John Doe borrowed $5,000 and agreed to repay the principal and interest at 15% compounded monthly in 25 equal monthly payments. The first payment is due in l½ years. How large is each payment?

Additional Information:

This problem is basically from Mathematics as well as it is about computing the size of the payment for installment for a loan taken.

Reference no: EM13830294

Questions Cloud

Present value of rental payment compounded monthly : An apartment is rented for $450 per month. Each month's rent is payable in advance. If money is worth 12% compounded monthly, what is the present value of the rent for one year?
Present value of a perpetuity : What is the present value of a perpetuity of $900 payable at the end of each quarter if money is worth 18% compounded quarterly?
Explain language and accent discrimination issue in canada : Explain the language and accent discrimination issue in Canada. In countries such as the US and Canada, there is a discrimination on accented speakers of English from the native speakers.
Calculating the difference between investing in rrsp : What is the better investment and by how much: putting $300 a month into an RRSP that pays 6% compounded monthly or putting $3600 at the end of each year into an RRSP that pay 8% compounded annually?
Computing the size of the payment for installment : John Doe borrowed $5,000 and agreed to repay the principal and interest at 15% compounded monthly in 25 equal monthly payments. The first payment is due in l½ years. How large is each payment?
Compare the ideologies and views of durkheim : The problem is about Sociology and the problem explores the comparing and contrasting the ideologies and views of Durkheim, Weber and Marx.
Calculating future value of annuity compounded quarterly : Calculate the future value of an ordinary annuity consisting of quarterly payments of $1200 for 5 years, if the rate of interest is10% compounded quarterly for the first 2 years and 9% compounded quarterly for the last 3 years.
Linear programming by using simplex method calculation : Use the simplex method for solving nonstandard problems to solve the given linear programming problem.
Calculate linear programming using simplex method : Use the simplex method for solving nonstandard problems to solve the given linear programming problem.

Reviews

Write a Review

Mathematics Questions & Answers

  Find the area of the floor and the volume of the arena

A large box-shaped arena has a rectangular floor that measures 200 feet by 150 feet, and a flat ceiling that is 35 feet above the floor. Find the area of the floor and the volume of the arena.

  A ladder 20 feet long leans against the side of a house

a ladder 20 feet long leans against the side of a house. find the height from the top of the ladder to the ground if

  Find the standard deviation of the number of students

At a certain university the probability that an entering freshmen will graduate within 4 years is 0.65. An incoming freshman class has 1800 students. Find the standard deviation of the number of students who will graduate within 4 years.

  How much was invested at each rate

1. The sum of two numbers is 120. If three times the smaller is subtracted from the larger number, the results is 12. Find the two number

  Grocery store of selling a bottle of salad dressing

Assume that the marginal cost to a grocery store of selling a bottle of salad dressing to customers who present coupons versus those who don't is identical and equal to $1.50. If the elasticity of demand of coupon holders is 5 versus 1.25 for other c..

  T conduct the hypothesis test first compute test

for the data set shown below do they following. a compute the standard error the point estimate for sigma. b assuming

  Create an expression for your classmates to solve

Create an expression for your classmates to solve that uses scientific notation and at least one of the rules for exponents you have describe.

  Find the orthocenter of triangle abc

triangle ABC has vertices A(0, 6), B(4, 6), and C(1, 3). Find the orthocenter of triangle ABC.

  What is the area of triangle abc

In triangle ABC, a = 8, b = 9, and m<C = 135 degree. What is the area of triangle ABC?

  Framing algebraic equations

Framing algebraic equations

  Xux-yx3 ybx-ya locate any local bifurcations that occur as

xux-yx3 ybx-y.a. locate any local bifurcations that occur as u and b are varied. analyze the bifurcations fully. to do

  Determine the number of permutations of the letters

a) Find the number of permutations of the letters in the word DIPLOMA. b) How many ways are there of arranging the letters of DIPLOMA so that the letters O and I are together?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd