Sarah needs to pay $30,000 in 10 years for her student loan.How much yearly interest rate she
Fantastic news! We've Found the answer you've been seeking!
Question:
Sarah needs to pay $30,000 in 10 years for her student loan.How much yearly interest rate she needs to earn
from $11,000 she has now?
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
Please, I need help with the calculations for the following 25 problems in the "final" tab of the workbook before 9pm CST. FINC 340 Quizzes 1 2 Derivatives can be strictly defined as Financial...
-
Your mother just received a $250,000 inheritance. If she invests her money in a diversified equity portfolio returning 8 percent per year, approximately how long will it take her to become a...
-
Hello. I'm looking for some help completing my finance project. (10% total course grade) There are quite a few questions. (40 total) I can check the answers one time before submitting. Hoping for...
-
Predicting Genetic disorders in Children based on their Medical information and History Hereditary diseases is becoming more of a problem as human population grows exponentially. Genetic testing...
-
Northern Merchandising Company sold inventory that cost $12,000 for $20,000 cash. How does this event affect the accounting equation? What financial statements and accounts are affected? (Assume that...
-
An energy harvester is being designed for a vehicle with a simplified suspension system similar to that in the benchmark examples. The harvester, which is to be mounted on the vehicle, is to harvest...
-
What steps does an auditor take in order to assess the reliability and sufficiency of information contained in the accounting records?
-
United Rental Company reported the following information related to its pension plan for the years 20112014. The fund is administered by a separate outside trustee. Instructions: 1. Prepare the...
-
Use the shell method to find the volume of the solid generated by revolving the Ay shaded region about the y-axis. y= 1x-+1 2- x = 13 X 3 The volume is (Type an exact answer, using it as needed.)
-
Content Area Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (units), July 31 10,500 Expected sales volume (units), July...
-
1. A project is being analyzed with below activities identified. Activities A and B start on day 0. Duration Activity (days) a. organize layout team 3 b. organize modification team 6 6 4 7 4 c....
-
Use the given hospital income statement from 2014 Revenues Patient service revenues $26980 Provision for bad debt $(2,000) Other operating revenue $557 Expenses Personnel $16953 Supplies $2637...
-
US inflation kept rising during 2022 until it peaked at 9.1% in June 2022 -- a 40-year high. What type of gap does the US have and what type of expectations? Use the IS-LM-"PC" model to explain why a...
-
Assess today's risk premium on industrial bonds using the Bonds Online Web site. (https://www.bondsonline.com/) Select the Today's Market section and then choose Corporate Bond Spreads . Use the...
-
Can you elaborate on the challenges ethical leaders face in globalized business settings, where cultural differences and divergent ethical norms require careful navigation and culturally sensitive...
-
An investor is expecting that the euro either will sharply increase or sharply decrease against the Japanese Yen. The investor purchases 2 options 1) a currency put option on the euro with a strike...
-
A superior criticized a sales manager for selling high-revenue, low-profit items instead of lower-revenue but higher-profit items. The sales manager responded, My income is based on commissions that...
-
Bank Reconciliation} Shortly after July 31, Towanda Corporation received a bank statement containing the following information: July cash transactions and balances on Towanda's records are shown in...
-
Quality Review. Charalambos Viachoutsicos is assigned the responsibility of setting up a quality review programme at his St Petersburg, Russia, audit firm, Levenchuk. Required A. What should the...
-
Bank Reconciliation} Darjeeling Corporation received the bank statement shown below for the month of October: The cash records of Darjeeling Corporation provide the following information: The items...
Study smarter with the SolutionInn App