Let us calculate the number of periods

Reference no: EM13998225

Let us calculate the number of periods. Suppose you owe $14,700 on your credit card with 0.9 % interest. If you are making payments of $500 a month, how long will it take for you to pay off this credit? Show steps.

2. What is perpetuity? What is Annuity?

NO COPY AND PASTE FROM INTERNET

Reference no: EM13998225

Questions Cloud

Net working capital is select one : Net working capital is Select one:a. current liabilities.b. current assets.c. current liabilities plus current assets.d. current assets minus current liabilities.e. current liabilities minus current assets

What''s the meaning of life : What's the meaning of life and why is the life. Give me the example of cars and trucks accelerating

How do you do a m&a valuation analysis : How do you do a M&A valuation analysis in terms of excel and what would you present?

Pick one of the ratios discussed in the lecture : 1-Pick one of the ratios discussed in the lecture or the text and provide an example of how that ratio might fluctuate seasonally.

Let us calculate the number of periods : Let us calculate the number of periods. Suppose you owe $14,700 on your credit card with 0.9 % interest. If you are making payments of $500 a month, how long will it take for you to pay off this credit? Show steps.

Find the equation of the straight line perpendicular : Find the equation of the straight line perpendicular to the line and find the equation of the parabola in general from whose vertex.

Information related to sportsland : Exercise 1. Information related to Sportsland Inc. is presented below. On Jan. 5, Sportsland Inc. purchased $21,000 of sportswear from the Krausman Company, with terms of 5/10, n/30. On Jan. 8, Sportsland paid $800 cash to Ace Trucking Company for fr..

Making a few financial decisions : You have been retained by a new bar owner to assist him in making a few financial decisions.You explain to him the need to do a cash flow so that the decisions are well thought out and therefore you need to complete a 2-year cash flow forecast for a ..

What is the magnitude f of the force the wires exert : What is the magnitude F of the force the wires exert on each other? Is it the force of attraction or repulsion? For the given resistance R of the external resistor, what should be the length L to achieve maximum possible F?

User Account

All Pages