Question: help pls 20. For how long will Frederick have to make payments of $251.00 at the end of every three months to repay a loan

help pls

20. For how long will Frederick have to make payments of $251.00 at the end of every three months to repay a loan of $3499.00 if interest is 10% compounded quarterly? State your answer in years and months (from 0 to 11 months). Frederick will have to make payments for year(s) and month(s) Answers 4 6

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Calculate the accumulated value after ten years of payments of $1000.00 made at the ond of each quarter it interest is 4% compoundod somi-annualty. $47,556,49 $48,836.51 $45,536.51 $47,836.50...

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

For how long will Frederick have to make payments of $ 3 0 7 . 0 0 at the end of every month to repay a loan of $ 3 3 5 3 . 0 0 if interest is 8 % compounded monthly? State your answer in years and...

help me answer these please. _ w----._.. . . Ll Kelly bought a car for $42,43l] by making a downpayment of $3,4D and biweekly [every two weeks} payments at the end of every two weeks for 7' years....

HELP ME ANSWER THESE. THERE'S NO FORMULA JUST BY USING A SCIENTIFIC CALCULATOR _ w----._.. . . Ll Kelly bought a car for $42,43l] by making a downpayment of $3,4D and biweekly [every two weeks}...

For how long will Frederick have to make payments of $ 2 4 7 . 0 0 at the end of every three months to repay a loan of $ 2 1 7 5 . 0 0 if interest is 5 % compounded quarterly? State your answer in...

= Homework: Homework 6 Question 5, 11.5.6 HW Score: 9.09%, 1 of 11 points Points: 0 of 1 Save For how long will Frederick have to make payments of $187.00 at the end of every month to repay a loan of...

For how long will Frederick have to make payments of $164.00 at the end of every month to repay a loan of $2435.00 if interest is 7% compounded monthly? State your answer in years and months (from 0...

For how long will Frederick have to make payments of $307.00 at the end of every month to repay a loan of $3353.00 if interest is 8% compounded monthly? State your answer in years and months (from 0...

For how long will Frederick have to make payments of $244.00 at the end of every six months to repay a loan of $2777.00 if interest is 4% compounded semi-annually? State your answer in years and...

2. A cellphone company offers the following plan: $20 per month buys 60 minutes. Additional time costs $0.40 per minute. a. [3 pts] Represent this plan mathematically by writing the total monthly...

2. (a) For the neutralization reaction: (i) HB + OH B + HO Calculate the value of the equilibrium constant for 99.99% conversion of HB into B at the equivalence point, assuming that the analyte...

the design of a 1 6 - to - 1 multiplexer requires exactly 1 6 and gates and one or gate

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

5. Watch some television programming or flip through a magazine that is typically geared toward a particular group. Pay close attention to the advertisements you see. Are they geared toward the...

3. Take a look at the text of a presidential speech online at www.whitehouse.gov. After reading the complete speech, consider how the speech is characterized in various sources (blogs, liberal and...

4. Label problematic uses of language and their remedies