Determine what is his quarterly payment

Reference no: EM13189674

Bill Mitselfik borrowed $10,000 to be repaid in quarterly installments over the next five years.The interest rate he is being charged is 12% per year compounded quarterly. What is his quarterly payment?

Reference no: EM13189674

Questions Cloud

Calculate autonomous expenditure : Calculate autonomous expenditute. b. Calculate the marginal propensity to consume. c. What is aggregate planned expenditure when real GDP is 200 billion pounds d. If real GDP is 200 billion pounds, what is happening to inventories

Explain the role of such calculations in clipping algorithms : Given a line segment with endpoints (2. 5) and (9, 15), provide the equation for that line segment using a parameterized representation.

What is the uniform annual equivalent : Consider the following sequence of year-end cash flows: EOY cash flow 1 2 3 4 5 (1)=$8000 (2)=$15,000 (3)=$22,000 (4)=$29,000 (5)=$36,000 What is the uniform annual equivalent if the interest rate is 12% per year

Show the matrix and the starting points : you do not need to show matrix math calculations, but you should show the matrix and the starting points and the results for each geometric transformation.

Determine what is his quarterly payment : Bill Mitselfik borrowed $10,000 to be repaid in quarterly installments over the next five years.The interest rate he is being charged is 12% per year compounded quarterly. What is his quarterly payment

What annual rate of interest is being earned on the fund : On january 1,2005, a person's saving account was worth $200,000. Every month thereafter, this person makes a cash contribution of $676 to the account. I f the funds is expected to be worth $400,000 on january 1,2010

Can the country continue to afford deficits indefinitely : Assume that a country's real growth is 2 percent per year, while its real deficit is rising 5 percent a year. Can the country continue to afford such deficits indefinitely What problems might it face in the future

What is the height of the retinal image : Create a binary image at least 64x64 in dimensions. Using Octave's existing functions, perform Average, Gaussian and Laplacian filters on the image. Display the original image and each of the filtered images in Octave plots. Discuss and compare your..

What is the equivalent uniform annual cost of the 20-year : Maintenance expenditures for a structure with a 20-year life will come as periodic outlays for overhaul of $4,000 at the end of the 5th year, $6,000 at the end of the 10th year, and $7,500 at the end of the 15th year. With interest at 8%, what is ..

User Account

All Pages