User Account

All Pages

Calculate your monthly payments

Assignment Help Accounting Basics
Reference no: EM132877768

Question - Suppose that on January 1, you have a balance of ?$5800 on a credit card whose APR is 17?%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1.

a. Calculate your monthly payments.

b. When the card is paid? off, how much will you have paid since January? 1?

c. What percentage of your total payment from part? (b) is? interest?

Reference no: EM132877768

Questions Cloud

What the depreciation expense reported : In 2021, workers mined 1,000,000 tons of silver. What the depreciation expense reported in 2021 statement of profit or loss
Explain the difference between fixed and variable costs : Question - Explain the difference between fixed and variable costs and give two examples of each. Can a company budget for variable costs? Explain
What is the return on investment over 1 year : An amusement park that caters to adults. there are a variety of rides that require a specific skill set to operate. the manager would like to cross- train ride
What is the net amount that will charged to pension expense : Remitted to pension trustee - evenly throughout year $670,000 Payments to retirees - evenly throughout year $640,000 What is the net amount
Calculate your monthly payments : Suppose that on January 1, you have a balance of ?$5800 on a credit card whose APR is 17?%, Calculate your monthly payments
Challenges to making the deal successful : Think of an international company that has completed a merger or acquisition with an organization from a different country.
Define orientation-in-house-mentorship and external training : Define orientation, in-house, mentorship, and external training and use some creative suggestions on how HR Manager would use the training process for training
What is the cost per hour allocation rate : The cost to Marbles of Ryan's contract is $10,000. What is the cost per hour allocation rate that Marbles would use for one of these options
County general hospital discussion : Please read the case and answer the questions at the end. Please respond to two of your peers. Do you agree or disagree?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd