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

  A company owns 11 bonds with a par value of 198000 that pay

a company owns 11 bonds with a par value of 198000 that pay interest on october 1 and april 1. the bonds were purchased

  What is meant by accumulated other comprehensive loss

Explain why the common stock is classified as part of the stockholders' equity. Explain what is meant by "Accumulated other comprehensive loss."

  What is comprehensive income

What is comprehensive income? Why is it important to record it? What options does a company have in reporting comprehensive income

  Would you place more emphasis on auditing cash or land

When conducting an audit, would you place more emphasis on auditing cash or land and buildings?

  The johnson company began operations on january 1st when

the johnson company began operations on january 1st when its owners invested 60000. the following information was

  Determine what advances in accounting could have prevented

Determine what advances in accounting and / or information technology could have prevented the event from occurring. Provide support for your argument.

  Income distribution of a partnership

Kay Katz and Doris Kan are partners in a dry-cleaning business. The partnership agreement specifies the manner in which income of the business is to be distributed. Kay is to receive a salary of $40,000 for managing the business. Doris is to recei..

  Prepare operating activities section of macrosoft cash flows

Macrosoft Company reports net income of $61,000. Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method

  Problem regarding partnership

Barry owns a 30% interest in a partnership that earned $300,000 this year. He also owns 30% of the stock in a C corporation that earned $300,000 during the year.

  Explain the meaning and importance of economic substance

Explain the meaning and importance of economic substance and how it relates to the financial statements

  Perform a cvp analysis based on cost classifications

Perform a CVP analysis based on cost classifications and Accurately compute the break-even quantity and break-even revenue

  Prepare the bank reconciliation for fsafsa

The bank statement includes donation of $800 electronically deposited to the bank for FSA and Prepare the bank reconciliation for FSAFSA

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