What is the monthly payment

Assignment Help Business Economics
Reference no: EM131806517

A student loan totals $18,000 at graduation. The interest rate is 6%, and there will be 60 payments beginning 1 month after graduation. What is the monthly payment? What is owed after the first 2 years of payments?

Reference no: EM131806517

Questions Cloud

Capitalized cost to compare the machines : Use present worth, annual worth, and capitalized cost to compare the machines. The interest rate is 5%/year. Contributed by D. P. Loucks, Cornell University.
Benefits of multi divisional structure for managing firm : Explain the benefits of the multi divisional structure for managing a firm that competes in several industries.
Discuss what was the companys contribution margin : Variable production costs and fixed costs have remained constant all year. Net income for the year was $900,000. What was the company's contribution margin
Claiming the actual rate of return is much lower : The legislator divided the $30.4 million total profit by the $0.5 million investment. This produced, he said, a 6080% rate of return on the investment.
What is the monthly payment : What is the monthly payment? What is owed after the first 2 years of payments?
What are most important elements of effective lesson design : What are the most important elements of effective lesson design? Why are good learning objectives critical to planning effective instruction?
Determining the loan remaining balance : After making 30 payments, the owner wants to pay off the loan's remaining balance. How much is owed?
Explain what are the potential advantages of first movers : Explain what are the potential advantages of first movers (FMA) and what are the potential disadvantages of first movers (FMD).
Prepare a personal budget : In order to get your personal ?nances under control, you need to prepare a personal budget

Reviews

Write a Review

Business Economics Questions & Answers

  Briefly explain the meaning of moral hazard

Immediately following the financial crisis of 2007-08, the federal government assisted companies (for example, Citibank and AIG) that were in financial distress, arguing that they were “too big to fail.” Some economists complained that such support b..

  Using supply and demand curve

Viennese artist Gustav Klimt's Portrait of Adele Bloch- Bauer was sold in New York for $135 million. Illustrate using supply and demand curve.

  Business experiences a sudden increase in its fixed costs

Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically. What impact, if any, will this have on the following?

  What is expected salary of a ceo who has been with company

What is expected salary of a CEO who has been with company for years. Construct a 95% confidence interval on prediction for average CEO who has been with company for 10 years.

  Why a foreign acquisition may backfire

Why a Foreign Acquisition May Backfire. Provide two reasons why an MNC’s strategy of acquiring a foreign target will backfire. That is, explain why the acquisition might result in a negative NPV.

  Acting on behalf of the interests of the home constituents

"The role members of Congress serve in acting on behalf of the interests of the home constituents and nation regardless of whether constituents would immediately approve of the members' decisions" If you were a legislator and had to decide whether to..

  What is the elasticity using the original formula

Suppose that a store will sell 2000 boxes of bananas a week at a price of $12 per box. If the store raises its prices to $15 per box, it will sell 1500 boxes. What is the elasticity using the original formula? What is the elasticity using the midpoin..

  Average fixed cost equals total fixed cost divided

If marginal product is greater than average product, average product is falling. Marginal cost is less than average variable cost when average variable cost is falling. If the marginal cost curve is below the average variable cost curve, then margina..

  Statements about exports and imports

Which of the following statements about exports and imports is true?

  Economic analysis of a firm

For this project, conduct an economic analysis of the firm you selected. Include the following:

  In the solow model-population growth determines

Given: Inflation rate in Macroland was 4.5% in 2009, -2.7% in 2010, and -1.8% in 2011. Determine whether each of the following statements is true or false: In the Solow model, population growth determines:

  Q1 need help with a paper on economist milton friedman in

q1. need help with a paper on economist milton friedman in discussing his economic theories and why he is important?

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