Business, 01.10.2019 05:10 jrbskso

Joe secured a loan of $15,000 two years ago from a bank for use toward his college expenses. the bank charges interest at the rate of 4%/year compounded monthly on his loan. now that he has graduated from college, joe wishes to repay the loan by amortizing it through monthly payments over 13 years at the same interest rate. find the size of the monthly payments he will be required to make. (round your answer to the nearest cent.)

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 08:00, Shyshy876

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Answers: 3

continue

Business, 22.06.2019 10:20, jjimenez0276

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Answers: 2

continue

Business, 22.06.2019 10:50, lindalu

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

Answers: 3

continue

Business, 22.06.2019 13:00, ksteele1

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators

Answers: 1

continue

You know the right answer?

Joe secured a loan of $15,000 two years ago from a bank for use toward his college expenses. the ban...