What are your monthly payments during years

Assignment Help Business Economics

Reference no: EM13149599

In order to pay for school, you borrow $22,000 at per year compounded monthly You do not pay back any of it until the end until the end of the first month following year 4, and you intend to have it paid off by the end of year 7. a. What are your monthly payments during years 5, 6, and 7? b. How much interest is in the sixtieth month's payment? How much principal? c. How much interest is in the sixty fourth month's payment? How much principal? d. How much interest is in the sixty-eighth month's payment? How much principal? I have the right correct answers, just trying to figure out how to get them for a test tomorrow.

Reference no: EM13149599

Questions Cloud

What happens to the real wage : How much will total output increase in terms of percent? What happens to the rental price of capital? What happens to the real wage?

Calculate the mass, in grams, of ag2cro4 : Calculate the mass, in grams, of Ag2CrO4 that will precipitate when 50ml of 0.20M AgNO3 solution is mixed with 40ml of 0.10M K2CrO4 solution. Assume that Ag2CrO4 is completely insoluble (its Ksp is ~ 0).

How would you conclusion change for the winter months : How would you conclusion change for the winter months, if bad weather makes it likely for traffic jams on the highway to increase to 6 days per month?

If we add more water to the vessel the pressure remains : If we add more water to the vessel the pressure (remains the same, decreases, or increases)? Fully explain answer for credit

What are your monthly payments during years : What are your monthly payments during years 5, 6, and 7? b. How much interest is in the sixtieth month's payment? How much principal?

Substitution and elimination reactions are competing : Substitution and elimination reactions are competing reactions. Under what conditions can you ensure that substitution will predominate

What is the price of land : If the marginal product per dollar of capital is $2, the marginal product of labor is 20, the price of labor is $10 and the marginal product of land is 32, what is the price of land?

Fill in the columnns for the gdp deflator : The data is listed per quarter, and real GDP data was calculated using 2005 as the base year. Fill in the columnns for the GDP deflator and for the percent increase in price level.

Fundamentals of financial accounting : Using Landry's Restaurants, Inc. 2003 Annual Report located in Appendix A of the text, Fundamentals of Financial Accounting, prepare a 1,050-1,750-word paper in which you answer ALL of the following questions, relative to the company and its annua..

User Account

All Pages