how long will it take to pay off a loan of $53,000 at an annual rate...
Homework Answers
The number of months has been calculated using the NPER function as follows:
=NPER(rate,pmt,pv)
=NPER(8%/12,-650,53000)
=118.05 months or 9.84 years
Add Answer to:
how
long will it take to pay off a loan of $53,000 at an annual rate...
How long will it take to pay off a loan of $53,000 at an annual rate...
How long will it take to pay off a loan of $53,000 at an annual rate of 12 percent compounded monthly if you make monthly payments of $550? Use five decimal places for the monthly percentage rate in your calculations
How long will it take to pay off a loan of $47,000 at an annual rate...
How long will it take to pay off a loan of $47,000 at an annual rate of 8 percent compounded monthly if you make monthly payments of $400? Use five decimal places for the monthly percentage rate in your calculations.
How long will it take to pay off a loan of $48,000 at an annual rate...
How long will it take to pay off a loan of $48,000 at an annual rate of 12 percent compounded monthly if you make monthly payments of $800? Use five decimal places for the monthly percentage rate in your calculations.
How long will it take to pay off a loan of $51 comma 000 at an...
How long will it take to pay off a loan of $51 comma 000 at an annual rate of 9 percent compounded monthly if you make monthly payments of $800? Use five decimal places for the monthly percentage rate in your calculations. The number of years it takes to pay off the loan is nothing years. (Round to one decimal place.)
How long will it take to pay off a loan of $50 comma 00050,000 at an...
How long will it take to pay off a loan of $50 comma 00050,000 at an annual rate of 99 percent compounded monthly if you make monthly payments of $600600? Use five decimal places for the monthly percentage rate in your calculations. The number of years it takes to pay off the loan is nothing years. (Round to one decimal place.)
(Annuity number of periods) How long will it take to pay off a loan of $54,000...
(Annuity number of periods) How long will it take to pay off a loan of $54,000 at an annual rate of 11 percent compounded monthly if you make monthly payments of $500? Use five decimal places for the monthly percentage rate in your calculations. The number of years it takes to pay off the loan is ___ years. (Round to one decimal place.)
How long will it take to pay off a loan of $46 comma 000 at an...
How long will it take to pay off a loan of $46 comma 000 at an annual rate of 12% compounded monthly if you make monthly payments of $800 (round up)? To pay off the loan, it will take approximately nothing years. (Round up to the nearest integer.)
How many months will it take you to pay off a loan of $20,000 at 5%...
How many months will it take you to pay off a loan of $20,000 at 5% APR compounded monthly if you make monthly payments of $825?
How many months will it take you to pay off a loan of $19,000 at 5%...
How many months will it take you to pay off a loan of $19,000 at 5% APR compounded monthly if you make monthly payments of $925?
James wants to take out a loan. He can afford to make monthly payments of 100...
James wants to take out a loan. He can afford to make monthly
payments of 100 dollars and wants to pay the loan off after exactly
30 years.
What is the maximum amount that James can afford to borrow if
the bank charges interest at an annual rate of 8 percent,
compounded monthly?
(Give your answer, in dollars, correct to the nearest
dollar.)
Nicola borrows 60000 dollars from a bank that charges interest
at an annual rate of 10 percent,...
James wants to take out a loan. He can afford to make monthly
payments of 100 dollars and wants to pay the loan off after exactly
30 years.
What is the maximum amount that James can afford to borrow if
the bank charges interest at an annual rate of 8 percent,
compounded monthly?
(Give your answer, in dollars, correct to the nearest
dollar.)
Nicola borrows 60000 dollars from a bank that charges interest
at an annual rate of 10 percent,...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago