Question: Question: For how long will Lourdes make payments on $ 1 7 5 , 0 0 0 . 0 0 they borrowed to start their

Question:
For how long will Lourdes make payments on $175,000.00 they borrowed to start
their business, if they make payments of $2,650.00 at the beginning of every month
and interest is 7.35% compounded quarterly?
Final answer:
Lourdes will make payments
years, and
months.
Question: For how long will Lourdes make payments on $175,000.00 they

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!

Q:

ACME Fabricators This project takes place in South Australia. In September 2 0 0 0 , ACME Fabricators advised its staff that their new factory and offices out in semi - rural Angle Vale would be...

Q:

ACME Fabricators This project takes place in South Australia. In September 2 0 0 0 , ACME Fabricators advised its staff that their new factory and offices out in semi - rural Angle Vale would be...

Q:

More Info sales make up the rest. Three-fourths of credit sal budget for the sale of the er in August and 9,700 ving month budget for the collection $4,500 each month. Com nions and other selling...

Q:

Hi, could you please help me solve this? Thank you so much. Chester, Inc. Trial Balances for years ending December 31, 2013, 2014, and 2015 Account Description Cash on Hand Regular Checking Account...

Q:

Assitance with the flow of these transactions on a journal, general ledger and trial balance would be appreciated. It would be great to see if I am doing this correctly. TRANSACTIONS: 1. Memo 1...

Q:

Please, Answer Exercise 8.2 !! I make answers from 1 to 5 look at them if they are correct, if not fix it and hope to helped you to solve 6 and 7 because its very hard to solve it ! $50 per share a...

Q:

ENSURE WORK IS ORIGINAL OR I REJECT AND REPORT YOU TON THE SUPPORT INSTANTLYThe end result does now not should be taken care of. You may additionally expect n 6 length(xs). [Hint: Function least is a...

Q:

please find me the breakeven question 3 Financial Plan: 1. How much money is needed to start your business? The cost of starting a business in UAE varies between 1,000 AED and 1,000,000 AED depending...

Q:

Would you be able to put together another monthly cash flow analysis, this time for year 1? INCOME STATEMENT Year 1 269,115.00 48,930.00 20,388.00 338,433.00 $ $ $ $ COGS $ 113,940.00 $ 125,940.00 $...

Q:

Required information [The following information applies to the questions displayed below.] XYZ is a calendar-year corporation that began business on January 1, 2021. For the year, it reported the...

Q:

Assume two banks want to enter into an interest rate swap so that no matter what the rate on LIBOR, each bank will lock in a positive spread. The swap is set with a floating rate of LIBOR+0.40%....

Q:

Refrigerant-12 is throttled by a valve from the saturated liquid state at 800 kPa to a pressure of 150 kPa at a flow rate of 0.5 kg/s. Determine The temperature after throttling.

Q:

You own a home that was recently appraised for $ 3 1 0 , 0 0 0 . The balance on your existing mortgage is $ 1 1 7 , 4 5 0 . If your bank is willing to loan up to 8 0 % of the appraised value, what is...

Q:

Explore the strategy of addressing concerns and objections raised by team members. Provide an example showcasing how acknowledging and transparently addressing concerns contribute to gaining buy - in...

Q:

1. What are some of the significant challenges when managing people globally that HR managers should be aware of

Q:

10.8 Describe guidelines for legal and ethical performance management.

Q:

1. Discuss the performance management process highlighted in the chapter and how it will aid Brenda in creating this new performance appraisal system for her employer. Brenda Jackson, a newly hired...