How much will each payment be

Assignment Help Accounting Basics
Reference no: EM132195313

Question - Mark borrowed $11991 to help pay for expenses. If the loan carries an annual interest rate of 4.3% and he wants to be debt free in 3 years by making monthly payments, how much will each payment be? Round your answer to the nearest dollar.

Reference no: EM132195313

Questions Cloud

What is the total of the trial balance : Cash 15,000 Accounts payable 15,000 Accounts receivable 35,000. Assuming that all of these accounts have normal balances, what is the total of the trial balance
Step involved in the negotiation process : What is the methodology from the beginning to the end, step by step involved in the negotiation process and how or what you could change
Describe the pay strategies being used : Describe the pay strategies being used. Since the organizations have different employee groups, the key objectives for each group should be different.
What are the impacts : What are the impacts? When can a crisis disturb a relational system? Please explain. What are the impacts that can occur?
How much will each payment be : If the loan carries an annual interest rate of 4.3% and he wants to be debt free in 3 years by making monthly payments, how much will each payment be
Why are they important in crisis management planning : What are "relational systems" as they pertain to human systems. Why are they important in crisis management planning?
Large staff organizations with single users : Since the early 1980's business activities, personnel have been right size and/or down sized due to adoption of software solutions.
Write an implementation plan for your change plan : Write an implementation plan for your Change Plan (750-1,000 words) based on your Logic Model: Determine the organizational resources needed to implement.
Outsourced cloud-based solutions : Provide some examples of why companies choose to outsource and utilize cloud-based systems, also known as "edge services."

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain how each control that you list can prevent

Explain how each control that you list can prevent IT related risks for EnviroCons Are there any general controls that you think would not be cost-beneficial?

  What is the sales forecast for january

ABC Company has sales forecasts of the following: February=$40,000; March= $65,000. What is the sales forecast for January?

  Explain this principle and how it compares to the standards

us gaap follows the historical cost concept in valuing the cost of long-term assets. explain this principle and how it

  Prepare the adjusting entry needed for business solutions

Prepare the adjusting entry needed for Business Solutions to recognize bad debts expense, which are estimated to be 1% of total revenues on March 31, 2012

  Net amount required to retire a bond before maturity

The net amount required to retire a bond before maturity (assuming no call premium and constant interest rates) is the:

  Find the best estimate of the total cost to manufacture

The company produces a single product. The best estimate of the total cost to manufacture 9,400 units is closest to: (Do not round intermediate calculations.)

  Manufacturing overhead

Manufacturing overhead 131.50 per unit 108.50 per uni the best estimate of the total variable manufacturing cost per unit is:

  Shareholder value or financial perspective

Consider the following four quadrants of the balanced scorecard when developing your strategic objectives: Shareholder Value or Financial Perspective, includes strategic objectives in areas such as:

  The residual interest in a corporation belongs to

the residual interest in a corporation belongs to thea.management.b.creditors.c.common stockholders.d.preferred

  What is the company total gross margin

The company sold 35,000 units in the East region and 10,000 units in the West region. What is the company's total gross margin under absorption costing

  Prepare appropriate journal entry to recod lance incom tax

The enacted tax rate is 36% each year. Prepare the appropriate journal entry to recod Lance's income tax provision for 2011

  What amount of bad debts expense will lafond report

What amount of bad debts expense will LaFond report for 2010? What is the balance of accounts receivable that it reports on its December 31, 2010 balance sheet

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