What monthly payment is required to amortize a loan

Assignment Help Mathematics
Reference no: EM13180508

What monthly payment is required to amortize a loan of $30000 over 10 year if interest at the rate of 12% year is charged on the unpaid balance and interest calculations are made at the end of each month?

Reference no: EM13180508

Questions Cloud

Which kind of topics will come up in a math diagnostic test : Which kind of topics will come up in a math diagnostic test for a 10th grade student? Are these questions hard to answer?
What are the dimensions of such a rectangle : A rectangle is inscribed with its base on the x-axis and its upper corners on the parabola y= 10-x^2. What are the dimensions of such a rectangle with the greatest possible area?
Trace amounts of rare elements are found : Trace amounts of rare elements are found within groundwater and are of interest to geochemists. Europium and terbium are lanthanide-series elements that can be measured from the intensity of their fluorescence emitted when a solution is illuminate..
Determine the size of each quarterly installment : If the fund earns interest at the rate of 10% year compounded quarterly, determine the size of each (equal) quarterly installment that should be deposited in the fund.
What monthly payment is required to amortize a loan : What monthly payment is required to amortize a loan of $30000 over 10 year if interest at the rate of 12% year is charged on the unpaid balance and interest calculations are made at the end of each month?
Compute the gross-margin percentage for each product : Compute the gross-margin percentage for each product sold in December and show the effect on operating income of any changes yourecommend.
Write the nernst equation for the reaction : Write the Nernst equation for this reaction, and then replace the molality of H+ with a relation using Kw and the molality of OH-. Rearrange this expression to solve for pKw (=-logKw) in terms of the standard and measured cell potentials and the g..
Express using functional notation the profit at a production : Determine the production level that gives maximum profit, and determine the amount of the maximum profit. (Round your answers to two decimal places.)
State a first order decomposition reaction : A first order decomposition reaction is observed to have the following rate constants at the indicated temperatures. using an Arrhenious plot, find the activation energy

Reviews

Write a Review

Mathematics Questions & Answers

  Independent geometric random variables

Let H be a random variable with probability p1 that has a Geometric distribution G1 Let Y be a random variable with probability p2 that has a Geometric distribution G2

  Irrational and imaginary number emphasis

This number system is an extension of the real number system. Any polynomial equation has n complex roots, in general, in the complex number system. For example, the equation x2 + 1 = 0 has no real roots

  Use the clues to determine each person full name

Russ, Don, Pamela, and Stephanie are the first names of four friends who all received sports scholarships. Krieger actually has a full ride, because he is a star in two different sports. Use the clues to determine each person's full name.

  Find the mean and variance of theses draws

Find the mean and variance of theses draws

  Find the free-flow speed and jam density

A study of freeway flow at a particular site has resulted in a flow-density relationship.

  Information about rings-ideals

Let S be a subset of a set X. Let R be the ring of real-valued functions on X, and let I be the set of real-valued functions on X whose restriction to S is zero.

  Probability problems accidents requiring medical assistance

What then is the chance that there will be a need for exactly 2 ambulances during that time slot on any given Wednesday morning?

  Determining continuity complex plane

Let G be an open subset of C ( complex plane) and let P be a polygon in G from a to b. Use the following 2 theorems to show that there is a polygon Q in G from a to b which is composed of line segments which are parallel to either the real or imag..

  How many radios had both digital turners and cd players

Of 100 Clock radios with digital turners and /or CD players sold recently in a department store, 70 had digital turners and 90 had CD players. How many radios had both digital turners and CD players?

  Calculate the probability of rolling dice

Calculate the probability of rolling dice and obtaining a 3 or a 5 consecutively three times?

  Probability jill crossed the finish line

Jack and Jill ran a 200 meter race. Jill ran the race in 25 seconds and won by 5 meters; that is Jack had run only 195 meters when Jill crossed the finish line.

  Construct a 99% confidence interval for the population mean

Construct a 99% confidence interval for the population mean total fat, in grams per serving.

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