Solution-First monthly payment will go toward the principal

First monthly payment will go toward the principal

Assignment Help Finance Basics

Reference no: EM131097832

Solve the problem. Round to the nearest cent as needed. The monthly payments on a $80,000 loan at 10% annual interest are $859.68. How much of the first monthly payment will go toward the principal?

Reference no: EM131097832

Questions Cloud

Discount on trade credit agreement : Alternative A: Forgo the discount on its trade credit agreement, wait and pay the full $12,500 in one month.

What are the implications for the client : Do you need anymore information? If so, what - should you send the client to a mental hospital for a psychological evaluation? If you do, what are the implications for the client?

Learned about the rhetorical triangle : Read this Smithsonian.com article by LyNell Hancock. Then use what you have learned about the Rhetorical Triangle, the four lines of argument, and the Lesson on Focus to write an analysis of its rhetoric in 1.5 pages or less.

Which optimization method acheieves the best performance : E19: Numerical Methods for Engineering Applications Spring 2016 - PROJECT 4. Which method is slowest? Fastest? Explain why you think that might be the case. Which optimization method acheieves the best performance, and why

First monthly payment will go toward the principal : Solve the problem. Round to the nearest cent as needed. The monthly payments on a $80,000 loan at 10% annual interest are $859.68. How much of the first monthly payment will go toward the principal?

Billy bob wants to gain some weight : Billy Bob wants to gain some weight so that he can play football. Billy eats only milkshakes and spinach. Milkshakes cost him $1 each and spinach costs $2 per serving. A milkshake has 850 calories and a serving of spinach has 200 calories. Billy Bob ..

Working capital management : Why is working capital management one of the most important time - consuming activities of the financial mangar? What is net working capital?

Create a presentation about a career-interest area : Create a multimedia presentation in which you will present information about a career-interest area or field of study interest. In addition, write a reflective paragraph about the product and process.

Does the ritual serve a function : Does the ritual serve a function (does it hold society together? Does it teach cultural values or instill them in future generations?) What are the participants and observers supposed to learn through the ritual?

User Account

All Pages

First monthly payment will go toward the principal

Reference no: EM131097832

Reference no: EM131097832

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT