How many moths will it take to pay off the debt

Assignment Help Business Economics
Reference no: EM131083693

A college graduate is $24,000 in debt from her loans. The interest rate on the debt is 0.75% each month. The monthly payments are $432.61. How many moths will it take to pay off the debt?

Reference no: EM131083693

Questions Cloud

Calculate the molar absorptivity of a at this wavelength : Calculate the molar absorptivity of A at this wavelength.
Federal deposit insurance corporation : Go to the Federal Deposit Insurance Corporation Website at fdic.gov and find the latest balance sheet information available for commercial banks. To do this complete the following steps:
Describe the types and sources of value systems : Describe the types and sources of value systems that drive most of your daily decisions and serve as a deterrent to intrusive persuasion. Craft your response so that it correlates with the Topic 6 text, lectures, and discussions.
A particular telephone switch handles : A particular telephone switch handles only automated junk voicemail calls that arrive as a Poisson process of rate λ = 100 calls per minute. Each automated voicemail call has duration of exactly one minute.
How many moths will it take to pay off the debt : A college graduate is $24,000 in debt from her loans. The interest rate on the debt is 0.75% each month. The monthly payments are $432.61. How many moths will it take to pay off the debt?
Discretionary spending vs. non-discretionary spending : How much “control” does Congress have over spending based on the fiscal budget of 2017? Evaluate the amount of discretionary spending vs. non-discretionary spending.
Calculate the deadweight loss from monopoly : Where Q indicates the number of copies sold and P is the price in dollars. a. Find the price and quantity that maximizes the company’s profit. b. Find the price and quantity that would maximize social welfare (the competitive equilibrium). c. Calcula..
Discusses change in the supply or demand of product : Find an article about a current event that discusses a change in the supply or demand of a product. For example, has there been a weather event that has affected certain food crops or the availability of energy? Has a new consumer product been introd..
Calculate the molar absorptivity of kmno4, at 520 nm : Calculate the molar absorptivity of KMnO4, at 520 nm.

Reviews

Write a Review

Business Economics Questions & Answers

  Financial institutions affect businesses and households

In an essay of at least two well-developed paragraphs, explain how financial institutions affect businesses and households.

  What jobs are insulated or protected from outsourcing

Why is off shoring inevitable in some jobs? What jobs are in danger? What jobs are insulated or protected from outsourcing? What can you do to protect your job from being outsourced?

  Views nutella and soda as perfect complements

Mr. Allen views nutella and soda as perfect complements. She always needs two tablespoons of nutella with one tablespoon of soda, U=min{J, 1/2N}. What will her optimal consumption bundle be if the price of soda is $0.25 and the price of nutella is $0..

  Why does nation experience increasing opportunity cost

Why does a nation experience increasing opportunity cost?

  Existing-potential entrants face decreasing industry costs

If all firms, existing and potential new entrants face decreasing industry costs in the long run under perfect competition, the industry supply curve will:

  Economic growth rate

Conditions that exist when they shut down their operations and the conditions that exist when they resume their operations.

  Equilibrium in a monopolistically competitive market

Draw a diagram of the long-run equilibrium in a monopolistically competitive market. How is price related to average total cost? How is price related to marginal cost?

  What would the equivalent equal annual payment

Assume that you borrow $15,000 for five years (annual payments) at a market rate of 5%. Assuming that inflation is 3.5%, what would the equivalent equal annual payment be in constant dollars?

  Prepare a brief note to be sent to henry

Prepare a brief note to be sent to Henry explaining possible reasons why his strategy price cutting failed

  Demand curve for both gasoline and airlines

If the government were to increase taxes on gasoline, what will happen to the total government revenue? Why? What are you assuming about the elasticity of the demand curve of gasoline? What is the formula for elasticity? Would the government make mor..

  Transaction demand for money and asset demand for money

Please explain the difference between the transaction demand for money and the asset demand for money, and how they work together to determine the total demand for money. The slides and audio should help with this, as well as other sources of informa..

  Opportunity cost-identify both explicit and implicit cost

Please explain “opportunity cost” and give three examples from your own life. Please include and identify both “explicit” and “implicit” costs in your examples.

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