How many months will it take for sallie to repay entire loan

Assignment Help Business Economics
Reference no: EM131010000

A certain college graduate, Sallie Evans, has $24,000 in student - loan debt at the end of her college career. The interest rate on this debt is 0.75% per month. If monthly payments on this loan are $432.61, how many months will it take for Sallie to repay the entire loan?

Reference no: EM131010000

Questions Cloud

Is the department head being ethnocentric or prejudiced : Your company is in need of someone to fill a new position. The spot calls for some very specific skills, education, and experience, but you happen to have an old friend who exactly fits the bill. In addition, he has mentioned to you that he feels it ..
Suppose coal is only to be extracted over two periods : Suppose coal is only to be extracted over two periods. The inverse demand for coal is estimated to be P = 300 - Q, where P is the price of coal and Q is the quantity demanded. The marginal cost of extraction is given by MC = 2Q. What level of extract..
Firm operates in a perfectly competitive factor market : The marginal productivity theory states that if a firm operates in a perfectly competitive factor market, it pays each factor of production its marginal revenue product. However, this theory may fail to hold if factor markets are not competitive. Whi..
Discuss the ethical implications : The normal way of filing taxes is to put in a very low number, which starts a protracted series of negotiations, eventually ending up with a higher number being paid. This new bank did not follow this and the Italian authorities assumed it was stated..
How many months will it take for sallie to repay entire loan : A certain college graduate, Sallie Evans, has $24,000 in student - loan debt at the end of her college career. The interest rate on this debt is 0.75% per month. If monthly payments on this loan are $432.61, how many months will it take for Sallie to..
Price elasticity of demand is constant linear demand curve : Price elasticity of demand is constant along a linear demand curve. If a 10% fall in the price of bagels results in 20% increase in the quantity of bagels demanded, then the price elasticity of demand of bagels is 0.2. Price elasticity of supply is c..
Determine whether the rate rise or fall : The federal government is trying to decide what to do with the surplus they expect to have this year. They increase spending on schools. Determine whether the rate rise or fall? Does the loanable funds rise or fall?
The real wage increases with capital per worker : One aspect we have not covered is how the real wage depends on capital per worker. It is easy to show that the real wage increases with capital per worker (because the marginal product of labor is higher when each worker operates with more capital). ..
Portfolio investment better than foreign direct investment : Assume that N1 and N2 are neighbors and that N1 is relatively human and physical capital abundant while N2 is relatively labor abundant. Explain why. As a means for less developed countries to attract the savings and investment necessary for economic..

Reviews

Write a Review

Business Economics Questions & Answers

  Should the ceo at plain truth cancel the audit and rely

Should the CEO at Plain Truth cancel the audit and rely on a brief year-end summary from each sales account manager? Why?

  Calculate the multiplier and the change in gdp

Suppose an economy has no imports and no income taxes. Its marginal propensity to consume (MPC) is $0.75, and its real GDP level is $250 billion. Businesses increase their investment by $10 billion. Calculate the multiplier and the change in GDP.

  Largest import tariffs tax on imported goods is on shoes

Some of the largest import tariffs tax on imported goods is on shoes. Strangely, the cheaper the shoes, the higher the tariff.

  Experience immiserizing growth

Consider a small nation producing both computers (y-axis) and coffee (x-axis) and facing increasing opportunity costs. Starting from a free trade equilibrium where this nation exports coffee and imports computers, can this nation experience “immiseri..

  Cost of producing the next unit of output

Suppose a perfectly competitive firm sees that price is $23 in the market place. It notices that the cost of producing the next unit of output is $26. What advice would you give to this firm?

  Classified as consumption good as well as investment good

Discuss how health can be classified as a “consumption” good as well as an “investment” good?

  Explain how does capital help human productivity

Explain how does capital help human productivity in relation to farm labor, office help, teaching, or government administration.

  Q1 lee has the utility function ux1 x2 x11x24 the price of

q.1. lee has the utility function ux1 x2 x11x24 the price of x2 is 1. lee spends all his income to buy 6 units of x2

  What marketing recommendations would you make to mcc

What individual product decisions and product line decisions has MCC made for Smart Car. Why did it make these decisions. What marketing recommendations would you make to MCC.

  Algebraically describe the market equilibrium price

Algebraically describe the market equilibrium price/output combination. Find out  the price below which the firm will go out of business.

  What is the slope of the inverse demand

Suppose the demand for tablets is given Q = 2000 - 10 P. Where Q is the quantity demanded and P is the price of tablets. Plot the demand curve. (Price in the vertical and quantity in the horizontal axis) What is the inverse demand?What is the slope o..

  What are the equilibrium for this model

Suppose a fish population experiences logistic growth with growth rate r per year and environmental carrying capacity C. The population is harvested at a rate of h per year. What are the equilibrium for this model? Are they stable or unstable? What i..

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