Below is a common problem in which the payments are not the same time period as the interest rate or the time period. In order to compute the payment correctly you need to adjust all variables so that they are the same period as the payment (note some calculators might do this automatically, you can set them so they do not do automatically make this correction). So if the problem has monthly payments, but the problem has an annual interest rate and time period over years, you would need to divide the interest by 12 and multiply the time period by 12. You would make similar adjustments if the payment was per day or semi annual. You are considering buying a new motorcycle. You are going to borrow $13,791. If you can negotiate a nominal annual interest rate of 6 percent (i. e. 6% equals the APR) and you wish to pay for the car over a 3-year period, what are your monthly car payments?
Answers: 1
Business, 23.06.2019 06:50, maya8909
How is a federal loan different from a private loan for an education? a federal loan is available for any student who meets the government's lending standards. a private loan is only available for students who show a need. a federal loan is only available for students who show a need. a private loan is available for any student who meets the bank's lending standards. a federal loan can only be used to pay for a student's tuition. a private loan can be used to pay for a student's tuition and any other expenses. a federal loan can be used to pay for a student's tuition and any other expenses. a private loan can only be used to pay for a student's tuition.
Answers: 1
Business, 23.06.2019 22:50, JazmineDavis5930
How does bad debt expense is reported on the income statement?
Answers: 1
Below is a common problem in which the payments are not the same time period as the interest rate or...
Biology, 30.09.2021 21:50
Mathematics, 30.09.2021 21:50
Mathematics, 30.09.2021 21:50
Social Studies, 30.09.2021 21:50