You owe $3572.75 in 147 days and have decided to pay off your loan early. Your interest

Fantastic news! We've Found the answer you've been seeking!

Question:

You owe $3572.75 in 147 days and have decided to pay off your loan early. Your interest rate is 6.52%. What is the size of the cheque that you write today to pay off all of your debt?

Related Book For answer-question

Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

See More Books

Posted Date: May 03, 2024 04:24 AM

See More Questions

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...
Margaret had to come up with a unique data collection and analysis project to present to the class. After much hair-pulling and teeth- grinding, she came up with a cool idea. Margaret's brother mowed...
Termattor Cluss unit megree programs Write a program that will allow a manager to determine and display the total sales for the department. The manager will enter the sales goal for the month. Then...
Among the ledger accounts used by Glenwood Speedway are the following: Prepaid Rent, Rent Expense, Unearned Admissions Revenue, Admissions Revenue, Prepaid Printing, Printing Expense, Concessions...
Suppose that the supply and demand curves for the designer purse in Problem 1 are given as above. Further suppose that the wife of a local politician owns one of these purses and wants to make sure...
Presented here are selected transactions for Norlan Inc. during September of the current year. Norlan uses a perpetual inventory system. Sept. 2 Purchased equipment on account for $25,000, terms...
Given a WT with the following parameters, calculate the annual energy production assuming a Rayleigh PDF: $C_{p}=C_{p \max }=0.40\left(C_{p} ight.$ value assumed maximum and constant for all wind...
An auditor is required to obtain a sufficient understanding of each of the components of an entitys system of internal control to plan the audit of the entitys financial statements and to assess...
A solid cylindrical object has a mass-density of rho = 3000kg/m^3 a radius of 0.05 meters, and a height of0.2m. What is the total mass of this cylinder? What is its mass-moment of inertia of this...
From the uniaxial stress-strain responses for various metals shown in Figure. Find the yield stress (or if appropriate a 0.2% proof stress), the tensile [10 marks] strengths and the ductility of...
Briefly summarise ONE of the recommendations made in the Report you have selected. What change did the Committee recommend, and why What is the potential impact of this change Remember to think about...
How do I make an outline for an APA Journal Article Review? I'm looking for a template or a format.
Discuss how you could apply the concepts learned in this course to your current or future career. Name at least one strategic management model discussed this term that you would use, and explain why...
What are the implications of time complexity and space complexity in the context of large-scale data processing, and how would you optimize for both ?
7. This December 2019 Wall Street Journal article graphic (at right) on outdoor recreational vehicle sales. What pivotal change happened after the recession in 2009? If you owned a business that...
Choose two industries and one publicly traded corporation within that industry. Research the company on its own Website, the public filings on the Securities and Exchange Commission EDGAR database...
What is the role of business risk analysis in the audit planning process?
What quality systems and standards exist in your organisation to 1) ensure quality across the project and 2) ensure quality within the products and services produced by your projects?
Which types of tools would be useful for investigating the root cause of a problem?
How can a run chart be used within a project environment?

You owe $3572.75 in 147 days and have decided to pay off your loan early. Your interest

Question:

Expert Answer:

To calculate the total amount we need to factor in the in... View the full answer

Contemporary Business Mathematics With Canadian Applications

Students also viewed these finance questions