How many moths will it take to pay off the debt

Assignment Help Business Economics
Reference no: EM131081791

A college graduate is $24,000 in debt from her loans. The interest rate on the debt is 0.75% each month. The monthly payments are $432.61. How many moths will it take to pay off the debt.

Reference no: EM131081791

Questions Cloud

What is the minimum value of n that produces probability : Assume p = 0.8. What is the minimum value of n that produces a probability of 0.95 of receiving the message at least once?
Machine description will provide the basis for assignment : The following machine description will provide the basis for this assignment. You will create a virtual machine/operating system for the machine described below that will accept programs in the target machine language. The details for this assignm..
Average annual maintenance cost : A used car can be kept for two more years and then sold for an estimated $3000, or it could be sold now for $7500. The average annual maintenance cost over the past 7 years has been $500 per year. However, if the car is kept for two more years this c..
Find weighting of criteria for different type of projects : Discuss the importance of defining criteria for source selection prior to receiving bids from vendors. Discuss how to determine the weighting of criteria for different types of projects and for different types of procurements.
How many moths will it take to pay off the debt : A college graduate is $24,000 in debt from her loans. The interest rate on the debt is 0.75% each month. The monthly payments are $432.61. How many moths will it take to pay off the debt.
Draw a tree diagram that describes the call setup procedure : Draw a tree diagram that describes the call setup procedure.
Using equations involving marginal revenue and marginal cost : Use the total cost (TC) schedule that is presented in the table below to determine the optimal rate of production when the firm can sell all of the output it produces at a price of $6.50 per unit. Also determine the level of profit (or loss) that the..
Tort liability from an agent acts : Tammy was shopping in Save-a-Lot Grocery Store when Stewart, an employee, brushed Tammy’s ankle with a grocery cart. A short time later, while still shopping, Tammy told Stewart that he should say “Excuse me,” and then people would get out of his way..
Authority to collect payments from customers : For several years, Albert acted as a collection agent for Paulette. Recently, Paulette revoked Albert’s authority to collect payments from customers. However, neither Paulette nor Albert told any customers of Albert’s termination. Yesterday, Theresa,..

Reviews

Write a Review

Business Economics Questions & Answers

  The affordable care act has specific guidelines

The affordable care act (Obama Care) has specific guidelines. Does the law of the affordable care act require all insurance companies to mimick all 10 titles and all sections? If so, is there a specific time line when all insurance companies will all..

  What action could government take to stimulate the economy

“The federal government will be prevented by the size of the deficit from taking any action to stimulate the economy. The only possible source of stimulus is a decrease in the personal savings rate, he said.” a) Ignoring the deficit problem, what act..

  Calculate the market equilibrium price and quantity

Suppose that there are 100 identical firms in a market. Each firm has a short-run marginal cost and average variable cost functions given by. Determine the supply function of each firm. Determine the market supply function. Suppose that the market de..

  Explain how the economy can adjust in the long run

Explain how the economy can adjust in the long run to restore full-employment equilibrium. Draw a graph to illustrate this adjustment process.

  How much must it pay for each hour it uses its capital

If the George Firm is minimizing costs, its RTS is 1.5, and it pays its workers $30 per hour, how much must it pay for each hour it uses its capital?

  Should the council approve the proposal

The Townsville City Council is considering a proposal by the mayor to construct a recreational facility at a cost of $1.0 million. The facility is expected to have a useful life of 30 years during which operating costs are expected to average $100,00..

  How do we pick best energy alternative

Chemical process that converts hydrogen and oxygen into electricity and waste heat Oxygen from atmosphere, hydrogen from gas, solid hydrogen storage, or from hydrocarbon fuel Produce few emissions. How do we pick best energy alternative.

  Calculate the marginal cost function

Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination.

  What federal law applies

Grapple Market Share Corporation would like to know what information federal agencies have about Grapple’s operations, so that the firm will know what its competitors may be able to learn about it. Can Grapple require the agencies to disclose whateve..

  The economic principle that consumers are willing to consume

The economic principle that consumers are willing to consume more of a good when price is low is depicted by the:

  Suppose a firm total assets turnover ratio falls from

Suppose a firm's total assets turnover ratio falls from 1.0 to 0.9, but at the same time its profit margin rises from 9% to 10%, and its debt increases from 40% of total assets to 60%.  Under these conditions, the ROE will decrease.

  Explain why government deficits in more troubled countries

Explain why government deficits in more troubled countries, such as  Zimbabwe or Iran, tend to produce more inflation than deficits in less-troubled countries, such as Japan or United States.

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