Upon graduation from college, Warren Roberge was able to defer payment on his $33 comma 000 student loan for 9 months. Since the interest will no longer be paid on his behalf, it will be added to the principal until payments begin. If the interest is 4.55 % compounded monthly , what will the principal amount be when he must begin repaying his loan?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Upon graduation from college, Warren Roberge was able to defer payment on his $33 comma 000 student loan for 9 months. Since the interest ...” 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
Yancy's personal residence is condemned as part of an urban renewal project. His adjusted basis for the residence is $480,000. He receives condemnation proceeds of $460,000 and invests the proceeds in stocks and bonds.
Answers (1)
John is interested in joining with a large corporation in a cooperative venture to share risks and pool resources for his small auto parts manufacturing business. The strategy option he is exploring could best be described as
Answers (1)
In 1969, don bought a dodge dart for $2,500. he drove this car until 2003 when he bought a honda civic for $18,000. if the price index in 1969 was 36.7 and the price index in 2006 was 180, what is the price of the dodge dart in 2006 dollars?
Answers (1)
Suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. The equilibrium wage prior to the minimum wage hike was $10/hour.
Answers (1)
Heidi, a vsc-certified volunteer, is working at the intake station. as part of her duties, she is required to explain to the taxpayer what they are expected to do today as part of the return preparation process. what should heidi tell them?
Answers (1)
New Questions in Business
Header Motor, Inc., paid a $3.91 dividend last year. At a constant growth rate of 7 percent, what is the value of the common stock if the investors require a 16 percent rate of return? The value of the common stock is $ nothing.
Answers (1)
Beerbo Corporation purchased Mitter Lite Company three years ago. As a result of the acquisition, Beerbo recorded goodwill of $400,000 at that time and created the Mitter Lite Division (MLD).
Answers (1)
Ashley's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Ashley $4.30 per pound, and type B coffee costs $5.90 per pound. This month, Ashley made 142 pounds of the blend, for a total cost of $749.80.
Answers (1)
Describe a decision you made that wasn't popular and how you handled implementing it for entry level
Answers (1)
Zilly Co. predicts sales of $176,000 for June. Zilly pays a sales manager a monthly salary of $6,900 and a commission of 7% of that month's sales dollars. Prepare a selling expense budget for the month of June.
Answers (1)