User Account

All Pages

How many years would it be until the loan is paid off

Assignment Help Finance Basics
Reference no: EM131850998

If no payments are made, a loan of amount $23000 would increase to $25616.89 after 2 years of monthly compounding interest. If instead, payments of $533.85 are made at the end of each month, how many years would it be until the loan is paid off? Answer rounded to the nearest integer number of years.

Reference no: EM131850998

Questions Cloud

What is the firm value of operations : If the weighted average cost of capital is 14%, what is the firm's value of operations, in millions?
Analyze student progress and teacher efficacy : Elementary English language arts teachers constantly collect data on literacy-related tasks to track and analyze student progress and teacher efficacy.
What is the present value of perpetual annuity : If the effective ANNUAL rate is 9.4%, what is the present value of this perpetual annuity? Answer correct to 2 decimals.
How many months will it take him to pay off the loan : How many MONTHS will it take him to pay off the loan? (Include the final month where the last payment will be smaller than all the rest.)
How many years would it be until the loan is paid off : How many years would it be until the loan is paid off? Answer rounded to the nearest integer number of years.
Determine the accumulated value of the investment : (a) Determine the accumulated value of the investment at the end of 14 years. (2 decimal places)
What is the annual rate of return of purchase : Assume that part of the US is worth an average of $5,500 per acre in 2018. What is the annual rate of return of this purchase for the U.S.?
Weighted average cost of capital : Calculate the company's weighted average cost of capital. Use the dividend discount model. Clearly show calculations..
What role does reason play in personal understanding of evil : What role does reason play in your personal understanding of evil? How does that overlap or contradict with the major religions' uses of reason in explaining ev

Reviews

Write a Review

Finance Basics Questions & Answers

  Which of following statements about scatter diagrams is true

Which of the following statements about scatter diagrams is true?

  From the perspective of a senior business executive are

from the perspective of a senior business executive are cash dividends paid to shareholders good or bad or both good

  Find the 90-day rate on the loan

Data Back-Up Systems has obtained a $10,000, 90-day bank loan at an annual interest rate of 15%, payable at maturity. (Note: Assume a 365-day year.)

  Component in the capital structure

Determine the weights of each component in the capital structure: Use the amount of retained earnings (5,150,000) provided. The % composition

  Government impact the distribution of income

In what ways can government impact the distribution of income?. Are state (and local) tax systems generally progressive or not?

  How much would harold corporation income increase

In January 2014, Harold Corporation acquired 20% of Otis Company's outstanding common stock for $400,000. This investment gave Harold the ability.

  How such a securitization benefits a financial institution

Identify how such a securitization benefits a financial institution and any related risks that may be created through the securitization process.

  Administration and the board on the feasibility

Now you are the Director of Rehab, and the CEO has asked you to advise Administration and the Board on the feasibility and advisability of opening.

  Conservatism and make accounting numbers

The conservatism principle arises because of concerns about management's incentives to overstate the company's performance

  Define and explain the credit multiplier

Define and explain the credit multiplier

  Explain how the separation of ownership and control in

explain how the separation of ownership and control in american corporations might lead to poor

  Total cost recovery deduction for the year

John purchased three new front loaders on January 15, 2014 for $550,000 and elects section 179 expensing on the front loaders. He also purchased a dump truck on January 18, 2014 for $80,000. He elects to take additional first year depreciation on ..

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