How long will it take a payment of $500 per quarter to amortize a loan of $8,000
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
PVA PMT PVFA kn 8000 500 PVFA 4n PVFA 4n 16 n 26 ...View the full answer
Answered By
Claudette Rey
It has been two years I am in this teaching line. At first I joined Chegg as subject matter expert and later coursehero as the subject matter expert for probability and statistics.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
To the nearest day, how long will it take a $20,000 investment to grow to $22,000 (including accrued interest) if it earns 7% compounded quarterly? Assume that a quarter year has 91 days.
-
How long will it take $5,000 to grow to $7,000 if it is invested at 6% compounded quarterly?
-
How long will it take $42,000 to grow to $60,276 if it is invested at 4.25% compounded continuously?
-
Find the point (a, b) on the graph of y = ex where the value ab is the least.
-
The breaking strengths of a random sample of 26 molded plastic housings ere measured, and a sample mean of x- = 479.42 and a sample standard deviation of s = 12.55 were obtained. A confidence...
-
22. Lead(II) iodide, PbI 2 , is a slightly solublesalt with a K SP value of9.8 x 10 -9 . The equation for itsdissociation in water is PbI 2 (s) Pb 2+ (aq) + 2I - (aq) What is the molar solubility of...
-
An auditor is conducting an examination of the financial statements of a wholesale cosmetics distributor with an inventory consisting of thousands of individual items. The distributor keeps its...
-
Based on a Comcast survey, there is a 0.8 probability that a randomly selected adult will watch prime-time TV live, instead of online, on DVR, etc. Assume that seven adults are randomly selected, and...
-
explain at least three tools used to aid in Crew Resource Management Training to successfully integrate CRM into the company's culture.
-
Determine what order service configuration the Packers should use to achieve their goals, and explain your recommendation. Bob and Carol Packer operate a successful outdoor wear store in Vermont...
-
Joe Ferros uncle is going to give him $250 a month for the next two years starting today. If Joe banks every payment in an account paying 6% compounded monthly, how much will he have at the end of...
-
Ryan and Laurie Middleton just purchased their first home with a traditional (monthly compounding and payments) 6% 30-year mortgage loan of $178,000. a. How much is their monthly payment? b. How much...
-
What is the barrier potential of a p-n junction? Why does it exist?
-
The generally accepted auditing standards established by the AICPA list first the requirement that "the examination is to be performed by a person or persons having adequate technical training and...
-
Sampling for attributes is often used to allow an auditor to reach a conclusion concerning a rate of occurrence in a population. A common use in auditing is to test the rate of deviation from a...
-
A CPA's audit working papers include the narrative description below of the cash receipts and billing portions of the internal control of Parktown Medical Center, Inc. Parktown is a small health care...
-
Select the best answer for each of the following questions. Explain the reasons for your selection. a. When erroneous data are detected by computer program controls, data may be excluded from...
-
Johnson, CPA, was engaged to audit the financial statements of Horizon Incorporated, which has its own computer installation. While obtaining an understanding of internal control, Johnson found that...
-
Which statement is true? a) Virtually none of the homeless have jobs. b) Many homeless people are mentally ill. c) The homeless are concentrated in a few large cities. d) None of the above.
-
Evaluate the function at the given value(s) of the independent variable. Simplify the results. (x) = cos 2x (a) (0) (b) (- /4) (c) (/3) (d) ()
-
Longest plateau. Given an array of integers, find the length and location of the longest contiguous sequence of equal values for which the values of the elements just before and just after this...
-
List some of the advantages and disadvantages of various organizational structures for the individual?
-
How do people choose their goods?
-
How are spending decisions made according to the life cycle theory of savings?
-
Date 01/05/2023 Code 10002 Code 10001 Chargges 545.00 275.00 Contractual allowance 100 285 Adjustment 0.00 0.00 Allowable charge 175.00 260.00 Co insurance 0.00 0.00 Payment 175.00 0.00 What is the...
-
2. On average would values of higher (jumper) be faster (lower times for sprints) with arms or without arms? Explain
-
Suppose annual inflation rates in the U.S. and Mexico are expected to be 3% and 20%, respectively. If the current spot rate for the Mexican peso is $.042, then the best estimate of the peso's spot...
Study smarter with the SolutionInn App