Outstanding student loan with required payments

Assignment Help Management Theories
Reference no: EM131736511

You have an outstanding student loan with required payments of $500 per month for the next four years. The interest rate on the loan is 9% APR? (compounded monthly). Now that you realize your best investment is to prepay your student? loan, you decide to prepay as much as you can each month. Looking at your? budget, you can afford to pay an extra $200 a month in addition to your required monthly payments of $500?, or $ 700 in total each month. How long will it take you to pay off the?loan? (Note: Be careful not to round any intermediate steps less than six decimal? places.)

Reference no: EM131736511

Questions Cloud

Name one political external variable : Other than efficiency, what else should strategic management be concerned with? Name one political external variable.
What is a typical organizational structure : Name one strategy that can affect organizational structure? What is a typical organizational structure?
Brief description of the organization-segment : Please use Starbucks Corp. to gather information concerning the Starbucks Corp's critical success factors (CSFs). To develop a SWOT analysis.
Should compensation for equivalent jobs : Should compensation for equivalent jobs be lower in the nonprofit sector than in government or the for-profit sector? When is this appropriate?
Outstanding student loan with required payments : You have an outstanding student loan with required payments of $500 per month for the next four years. The interest rate on the loan is 9% APR?
Discuss school districts to develop a course of study : Because the seriousness of violence in schools, many state departments of education are requiring school districts to develop a course of study
Corporate social responsibility and community development : A positive organizational behavior to organization emphasizes a. corporate social responsibility b. community development
Discuss contemporary issues companion teen addiction : Contemporary Issues Companion Teen Addiction by Jill Karson
Explain how these risks affect firms and investors : Differentiate between transaction and translation risks. Explain how these risks affect firms and investors.

Reviews

Write a Review

Management Theories Questions & Answers

  What is the purpose of the organisation

On the face of it, this question cannot be answered in a meaningful way - the answer depends on the criteria you use to evaluate effectiveness.

  Find an online resource that offers tips for job interviews

Media Skills: Microblogging; Compositional Modes: Teasers. Twitter updates are a great way to alert people to helpful articles, videos, and other online resources.

  Will leigh be able to enforce the provisions of the contract

He began soliciting former customers he had called on for Leigh and obtained some of them as customers for Ajax. Will Leigh be able to enforce the provisions of the contract?

  How has level and direction of fdi changed over the past

How has the level and direction of FDI changed over the past two to three decades overall, and in terms of annual outflows and inflows? Why is this information relevant to managers today? Provide examples in your discussionNAFTA was approved by the U..

  Draw the molecule as a skeletal structure

Draw the molecule as a skeletal structure.-  Draw a sawhorse representation of each of the two possible chair forms.

  Prepare a detailed swot analysis of amazon strength

Prepare a detailed  SWOT analysis of Amazon Strength, Weakness, Opportunities and Threats

  Construct a line chart

Presenting Data (Line Charts). Here are last year's sales figures for the appliance and electronics megastore where you work. Construct a line chart based on these figures to help explain to the store's general manager seasonal variations in each ..

  What aspects of fontbonne university are particularly well

What aspects of Fontbonne University are particularly well-suited to help you achieve your academic and personal goals, and why do you think this?(A minimum of 300 words is required)

  Groups affect the market for air space rights

How would such groups affect the market for air space rights?

  Essentially summarize the gaps model of service quality

The goalof your final term paper is to essentially summarize the Gaps Model of Service Quality

  Bankruptcy protection during this recession

A number of major retailers have been driven into bankruptcy protection during this recession, including Red Envelope and Eddie Bauer, or gone out of business altogether, like Circuit City. Blockbuster, Virgin Megastores, and many more have closed..

  Is a certain level of stress necessary to motivate employees

Why might some employees be reluctant to use an employee assistance program?

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