User Account

All Pages

How many months will it take for the account to be paid off

Assignment Help Finance Basics
Reference no: EM132130962

One of your customers has just made a purchase in the amount of $19,200. You have agreed to payments of $335 per month and will charge a monthly interest rate of 1.11 percent. How many months will it take for the account to be paid off?

  • 98.64 months
  • 91.59 months
  • 44.60 months
  • 85.49 months
  • 57.31 months

Reference no: EM132130962

Questions Cloud

Expected return when borrowing money : How do I figure a cusomer's expected return when borrowing money? Example, the customer wants an investment that costs $100 and considers borrowing
Can only weak companies issue debentures : Can only weak companies issue debentures? Can you please explain why they can, or cannot?
What is the value of the payments today : If the APR is 6.84 percent compounded monthly, what is the value of the payments today?
What apr is the bank offering you : Fifth Fourth National Bank has a savings program which will guarantee you $11,000 in 12 years if you deposit $60 per month. What APR is the bank offering you
How many months will it take for the account to be paid off : You have agreed to payments of $335 per month and will charge a monthly interest rate of 1.11 percent. How many months will it take for the account to be paid
Present value of interest tax shield : Assume the cost of debt is 0.298%(5 years to maturity).Corporate tax rate is 30.89%. what's the present value of interest tax shield?
Annual percentage increase in the winner : Requirement 1:What was the annual percentage increase in the winner's check over this period
What is the expected rate of return on a stock : What is the expected rate of return on a stock with a beta of 1.34?
How much do you owe the bank after the 36th monthly payment : (b) How much do you owe the bank after the 36th monthly payment?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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