How much will her annual payments be to get rid of the debt

Assignment Help Econometrics
Reference no: EM13236502

A 22 year old borrowed $4000 under a student loan 4 years ago when the i=4.06% per year. $5000 was borrowed 3 years ago at 3.42%, 2 years ago she borrowed $6000 at 5.23%, and last year she borrowed $7000 at 6.03% per year., Now she wants to consolidate all this debt into a single 20yr loan starting in 1 year to repay the total debt. How much will her annual payments be to get rid of the total debt?

Reference no: EM13236502

Questions Cloud

What are the inputs to and outputs of a supply chain : Outline the supply chain needed to support this activity. Think about the inputs to and outputs of the supply chain and different links that create a supply chain when completing this task.
How did the playwright draw the characters : How did the playwright draw the characters? Were they three-dimensional? If so, did you find any of them identifiable with your own life and feelings?
How much charge does this point charge carry : A point charge is moved in an electric field. The potential changes from -87 V to +30 V between the initial and final position. The work done by the electric field is 156 J
Great value that westerners place on the individual derives : The great value that westerners place on the individual derives in part from the Answer. The achievements of Solomon include the Answer
How much will her annual payments be to get rid of the debt : A 22 year old borrowed $4000 under a student loan 4 years ago when the i=4.06% per year. $5000 was borrowed 3 years ago at 3.42%, 2 years ago she borrowed $6000 at 5.23%, and last year she borrowed $7000 at 6.03% per year.
Explain what is the energy implied by the mass defect : What is the energy implied by the mass defect? If this energy is carried away in a single photon, what is its wavelength? To what part of the electromagnetic spectrum does this correspond
Write the equations for displacements along x and y axis : A particle is launched in a gravitational field (g) with an initial velocity of v nought at an angle of theta with respect to the horizontal, Write down the equations for displacements along x- and along the y- axis as a function of time (t)
What do you need to take into consideration : Complicating this is the fact that Russia has just instituted a policy that prevents access to their adoption records and forbids any further adoptions of Russia children into U.S. families. You are hearing that this isolationistic policy may spre..
Explain what is the temperature of the collection : Consider a collection of molecules where each molecule has two nondegenerate energy levels that are separated by 6000 cm-1. Measurement of the level populations demonstrates that there are 8 times more molecules in the ground state than in the upp..

Reviews

Write a Review

Econometrics Questions & Answers

  What are the advantages of using actual values

Five Debates over Macroeconomics Policy,  Economist John Taylor has suggested that the Fed use the following rule for choosing its target for the federal funds interest rate (r): r= 2% + p + 1/2 (y-y*) / y* + 1/2 (p - p*), Where p is the average of..

  Calculate the four-firm concentration ratio

An industry consists of three firms with sales of $200,000, $500,000, and $400,000. a. Calculate the Herfindahl-Hirschman index (HHI). b. Calculate the four-firm concentration ratio (C4). c. Based on the FTC and DOJ Horizontal Merger Guidlines des..

  Calculating herfindahl index

Determine the Herfindahl index for an industry composed of three companies one with 70% of the market, and the other two with 20 and 10 percent of the market respectively one company with 50% share

  By how much percentage price of renting an apartment to rise

The flexibility of the supply curve of rented apartments before the law was passed is 0.15 Before the law was passed, there was a rise in the demand for rented apartments, and this rise in demand caused a 30 percent rise

  What is the implied income elasticity of demand for movies

Suppose a person with an income of $60,000 per year rents 52 movies per year at a price of $1 per movie. When the person's income rises to $65,000, he or she rents 63 movies per year at the same price per movie. What is the implied income elastici..

  What is the maximum per unit that sellers are willing to pay

Now assume that intermediaries come from a competitive market with and equilibrium price of $8 per unit for their services, that is, any buyer or seller who wants an intermediary's services must pay $8 for them. What is the maximum per unit that s..

  Calculate the money supply and the currency deposit ratio

Suppose that currency in circulation is $600 billion, the amount of checkable deposits is $900 billion, excess reserves are $15 billion, and the required reserve ratio on checkable deposits is 10%. Calculate the money supply, the currency deposit r..

  Question about probability

3-defective electric toothbrushes were accidentally shipped to a drug store called Clean brush items along with seventeen non-defective ones.

  How much will be in fund immediately after the 13th deposit

Suppose you make 30 annual investments in a fund that pays 5 percent compounded annually. If your first deposit is $7500 and each successive deposit is 5 percent greater than the preceeding deposit, how much will be in the fund immediately after t..

  How much must to deposit in retirement account each year

How much must you deposit in your retirement account each year for 10 years starting now (i.e., years 0 through 9) if you want to be able to withdraw $50,000 per year forever beginning 30 years from now? Assume the account earns interest at 10% pe..

  Determine by cash flow analysis present worth of termination

Five years ago, a company invested in equipment having a 10-year technological life and before-tax cash flows (gross income less expenses) given below. Sales were not as good as projected, and the company is considering terminating the project.

  Will the future production possibilities curve for nation

Like Physical capital, human capital produced in the present can be applied to the production of future goods and services. consider the table in Problem, 2-11, and suppose that the nation's residents are trying to choose between combination C and..

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