How long will take to pay off a loan

Assignment Help Financial Accounting
Reference no: EM132792423

Principles of Finance?(Annuity number of? periods)

Problem 1: How long will it take to pay off a loan of ?$52,000 at an annual rate of 11 percent compounded monthly if you make monthly payments of ?$550?? Use five decimal places for the monthly percentage rate in your calculations.

Reference no: EM132792423

Questions Cloud

Examples of an association between two variables : Provide three examples of an association between two variables where a causal relationship makes perfect sense conceptually.
Sciencepush versus demand-pull : To what degree would you characterize Given's development of the camera pill as "sciencepush" versus "demand-pull?"
What are the stages of childbirth : Child psychology. What are the stages of childbirth? What is the difference between medicated and nonmedicated childbirth?
Discuss the principle of least privilege : Read three articles and discuss the principle of least privilege in at least 500 words. Explain how this principle impacts data security.
How long will take to pay off a loan : How long will it take to pay off a loan of ?$52,000 at an annual rate of 11 percent compounded monthly if you make monthly payments of ?$550??
Explain erickson 3rd stage of development initiative : 1. Explain Erickson 3rd stage of development Initiative vs. Guilt. What are some of the skills children develop during this stage of development
Compute first-year depreciation using straight-line method : During the first year, the band performs 45 concerts. Compute the first-year depreciation using the straight-line method
How long has bob owned the land : Today, that same land is valued at $45017. How long has Bob owned this land if the price of land has been increasing at 4 percent per year?
Why is strategic planning important to small company : Why is strategic planning important to a small company? What are business strategies?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

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