subject
Business, 06.08.2019 22:20 babyj93

Consider a student loan of $15 comma 000 at a fixed apr of 12 % for 15 years. a. calculate the monthly payment. b. determine the total amount paid over the term of the loan. c. of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. a. the monthly payment is $180.03 . (do not round until the final answer. then round to the nearest cent as needed.) b. the total payment over the term of the loan is $32405.40 . (round to the nearest cent as needed.) c. of the total payment over the term of the loan, 46 % is paid toward the principal and 54 % is paid toward interest. (round to the nearest tenth as needed.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 10:00
What is the difference between an "i" statement and a "you" statement? a. the "i" statement is non-confrontational b. the "you" statement is non-confrontational c. the "i" statement is argumentative d. the "you" statement is neutral in tone select the best answer from the choices provided
Answers: 1
question
Business, 22.06.2019 13:40
Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?
Answers: 1
question
Business, 22.06.2019 16:40
Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?
Answers: 3
question
Business, 22.06.2019 17:30
Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.
Answers: 3
You know the right answer?
Consider a student loan of $15 comma 000 at a fixed apr of 12 % for 15 years. a. calculate the month...
Questions
question
Mathematics, 07.11.2020 20:30
question
Mathematics, 07.11.2020 20:30
question
Mathematics, 07.11.2020 20:30
question
Law, 07.11.2020 20:30
question
Biology, 07.11.2020 20:30
Questions on the website: 13722367