User Account

All Pages

How long will it take her to repay the loan

Assignment Help Accounting Basics
Reference no: EM13505471

While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student loans at an annual interest rate of 9.90%. If Mary repays $1,500 per year, how long (to the nearest year) will it take her to repay the loan?

Reference no: EM13505471

Questions Cloud

Explain both usages of the terms debit and credit : The words debit and credit are used in two ways in accounting: ''e.g., to debit an account'' and ''a debit balance.'' Explain both usages of the terms debit and credit.
What is the engines mechanical power output : In a certain automobile engine, 17% of the total energy released in burning gasoline ends up as mechanical work. What is the engine's mechanical power output if its heat output is 78 kW
Explain water spontaneously to carboxylic acid : Acyl chloride can hydrolyze in water spontaneously to carboxylic acid. In the interfacial polymerization water is used as one of the solvent, why you don't have to worry about the hydrolysis of sebacoyl chloride in this action
Explain how does temperature affect bod5 : How does temperature affect the rate of biodegradation. How does temperature affect BOD5. How does temperature affect the ultimate BOD.
How long will it take her to repay the loan : While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student loans at an annual interest rate of 9.90%. If Mary repays $1,500 per year, how long (to the nearest year) will it take her to repay the loan?
What is the firm supply function : What is the firm's supply function when the $500 fixed cost is sunk?
Find the direction and magnitude of the owners velocity : A 16.2 dog is running northward at 2.77 , while a 4.51 cat is running eastward at 3.05. Find the direction and magnitude of the owner's velocity
Depict a newman projection of the most stable conformation : Sight along c2-C3 bonf of 2,3-dimethylbutane, and draw a Newman projection of the most stable conformation
What is the market supply curve : What is the market supply curve?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Types of collection practices

The Fair Debt Collection Practices Act has four different types of collection practices. Explain who the legislation applies to and explain the four different collection methods.

  Calculate the amount of debt and equity that would be

charter enterprises currently has 1 million in total assets and is totally equity financed. it is contemplating a

  The estimated cost to dispose of a unit is 4 and the normal

addison company can sell inventory item pqwr213 for 20 per unit. the original cost of the unit is 18. currently the

  Is it important for mid level management to have knowledge

is it important for mid level management to have knowledge of statement of cash flow and why? what should be

  Catherine bases in the land and inventory

Catherine's basis was $50,000 in the CAR Partnership interest just before she received a proportionate nonliquidating distribution consisting of land held for investment (basis of $40,000, fair market value of $60,000) and inventory (basis of $40,..

  Determine if any authority exits that would support current

Your client, Totally Toys, is a toy manufacturer. For several years, the company buried empty paint cans on its property. The paint was used in the production process.

  Schedule that shows the amount of profit

Antonio"s Restaurant specializes in Italian food. During June, Antonio's Restaurant recorded the following sales to customers and costs of oing business:

  Booking and effective annual interest

Logan corporation issue $800,000 of 8% bonds on October 1, 2006, due on October 1, 2011. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest. Logan Corporation closes its boo..

  Explain how the interest expense shown in the income

from the balance sheetcash.............................................................30000 accounts

  Accounts receivable and allowance for doubtful account

Determine the ending balances in accounts receivable and allowance for doubtful accounts.

  Receivable management of selling problem

What are the implications for a company's receivable management of selling its products internationally?

  Calculate the cost of ending inventory

Compute the cost of the ending inventory under the average-cost method, assuming there are 300 units on hand. (Round average cost to 2 decimal places, e.g. 3.25. Use this rounded amount to calculate cost of ending inventory.)

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