How much of the first monthly payment will go toward

Assignment Help Finance Basics

Reference no: EM13288641

You take out an amortized loan for $3,000 at an interest rate of 18% for five years. Your monthly payments are $76.18. How much of the first monthly payment will go toward the principal?

Reference no: EM13288641

Questions Cloud

What is the thermal conductivity of this persons skin : the blood plays an important role in removing heat from th ebody by bringing the heat directly to the surface where it can radiate away. nevertheless, what is the thermal conductivity of this persons skin

Design a cmos inverter taht has parameters voh : Design a CMOS inverter taht has parameters Voh=12V, Vol˜0, and Vic=4V, where Vic is the cross over voltage. Specify Vtr, W,and L for each of the MOSFETs for a minimum line width of 1.5 μm.

Calculate the magnitude of the acceleration of the proton : A free electron and a free proton are exactly 1.2cm apart. Find the magnitude of the acceleration of the proton

Find what is the amount of charge stored in the capacitor : If a constant current load draws 1 nA from the capacitor, how long does it taketo completely discharge the capacitor. Draw the voltage of the capacitor as a function of timeduring this discharge process.

How much of the first monthly payment will go toward : You take out an amortized loan for $3,000 at an interest rate of 18% for five years. Your monthly payments are $76.18. How much of the first monthly payment will go toward the principal?

Explain the commercial synthesis of adipic acid involves : The commercial synthesis of adipic acid involves the oxidation of cyclohexanol with nitric acid. List the hazards involved with this process, and briefly comment on both the environmental impact and personal exposure issues associated with the com..

Find the amount of money in the account after 9 years : You deposit $2,500 in a savings account at a bank that has a rate of 6% compounded daily. Find the amount of money in the account after 9 years. (Assume there are 365 days in a year.)

What is the distance between the parallel slits : When two parallel slits are illuminated with monochromatic light of wavelength 632.8 nm, What is the distance between the parallel slits

What is the price of a car that she can afford now : If Mia can afford car payments of $260 per month for 5 years, what is the price of a car that she can afford now? Assume an interest rate of 7.8 percent, and that the loan is amortized.

User Account

All Pages