Joseph buys a Hummer for $59,000, financing it with a five-year 7.60% APR loan paid monthly. He decides to pay an extra $50 per month in addition to his monthly payments. Approximately how long will he take to pay off the loan under these conditions?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Joseph buys a Hummer for $59,000, financing it with a five-year 7.60% APR loan paid monthly. He decides to pay an extra $50 per month in ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
An appliance store has total assets of $2,800,000, accounts receivable of $900,000, accounts payable of $700,000, inventory valued at $1,500,000, and total liabilities of $2,500,000.
Answers (1)
When policymakers set prices by legal decree, they obscure the signals that normally guide the allocation of society's resources?
Answers (1)
You are using ROI to evaluate a project that requires investments of $500 in each of the first 3 years, and yields annual income of $100, $50, and $25 in each of the first 3 years. What would happen to ROI if the annual incomes double?
Answers (1)
Farrow Co. expects to sell 200,000 units of its product in the next period with the following results.
Answers (1)
The gravity of earth is about six times the gravity of the moon for this reason astronauts who walked on moon weighed lees on the moon had less on the moon had greates mass on the moon felt greater magnetism on the moon
Answers (1)
New Questions in Business
It is important to identify and use only incremental cash flows in capital investment decisions:A) because they are the simplest to identify. B) only when the stand-alone principle fails to hold.
Answers (1)
You have just won a lottery! You will receive $50,000 a year beginning one year from now for 20 years. If your required rate of return is 10%, what is the present value of your winning lottery ticket
Answers (1)
You want to invest in a project in Canada. The project has an initial cost of C$828,000 and is expected to produce cash inflows of C$355,000 a year for three years. The project will be worthless after the first three years.
Answers (1)
When comparing the three broad types of economic systems, it can be said that for a pure market economy to function efficiently, product supply must be restricted.
Answers (1)
Agency problems are most associated with: Multiple Choice 1. limited liability companies. 2. limited partnerships. 3. corporations. 4. sole proprietorships. 5. general partnerships.
Answers (1)