Question
i need help please

Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not Joey realizes
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Time to pay off the loan = 50.23 months

Jх =NPER(12%/12,-150,5900,0) • 4. А в с D E 50.2270522

Please do rate me and mention doubts in the comments section.

Add a comment
Know the answer?
Add Answer to:
i need help please Check my work mode: This shows what is correct or incorrect for...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Joey realizes that he has charged too much on his credit card and has racked up...

    Joey realizes that he has charged too much on his credit card and has racked up $5,000 in debt. If he can pay $150 each month and the card charges 18 percent APR (compounded monthly), how long will it take him to pay off the debt?

  • Joey realizes that he has charged too much on his credit card and has racked up...

    Joey realizes that he has charged too much on his credit card and has racked up $4,200 in debt. If he can pay $175 each month and the card charges 15 percent APR (compounded monthly), how long will it take him to pay off the debt?

  • Problem 5-41 Number of Annuity Payments (LG5-9) Joey realizes that he has charged too much on...

    Problem 5-41 Number of Annuity Payments (LG5-9) Joey realizes that he has charged too much on his credit card and has racked up $4,600 in debt. If he can pay $125 each month and the card charges 18 percent APR (compounded monthly), how long will it take him to pay off the debt? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Time to pay off the debt months

  • phoebe realizes that she has charged too much on her credit card and has racked up...

    phoebe realizes that she has charged too much on her credit card and has racked up $6000 in debt. if she can pay $200 each month and the card charges 18 percent apr (compounded monthly) , how long will it take her to pay off the debt?

  • please i need assistance with the correct question. Check my work mode: This shows what is...

    please i need assistance with the correct question. Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completio Retu 7 Lever Age pays an 10 % rate of interest on $9.00 million of outstanding debt with face value $9 million. The firm's EBIT was $3 million. a. What is its times interest earned? (Round your answer to 2 decimal places.) 2. points 3 Answer is complete...

  • necmeuldLIILLUMIWLUMCLLIT Saved Check my work mode: This shows what is correct or incorrect for the work...

    necmeuldLIILLUMIWLUMCLLIT Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ind Problem 13-20 Cost of Debt (L04) Micro Spinoffs Inc. issued 10-year debt a year ago at par value with a coupon rate of 6%, paid annually. Today, the debt is selling at $1,080. If the firm's tax bracket is 21%, what is its percentage cost of debt? Assume a face value of $1,000. (Do not...

  • Check my work mode : This shows what is correct or incorrect for the work you...

    Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate comple Bi Anderson purchased 1,000 shares of Microsoft Corporation stock for $16,800 at the beginning of 2009. At the end of the year, he sold all of his Microsoft shares at $32.52 a share. He also earned a dividend of $0.49 per share during the year. a. What is Burs total return on the investment? (Round...

  • Check my work mode: This shows what is correct or incorrect for the work you have...

    Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate Invoice cost Shipping charges Import taxes and duties Interest (6.ex) on $2,240 borrowed from the bank to finance the purchase $2,248 181 160 11.11 points 134 $2,715 Required: Prepare the journal entry to record this purchase in the correct amount, assuming a perpetual inventory system (if no entry is required for a transaction/event, select "No journal entry...

  • Check my work mode : This shows what is correct or incorrect for the work you...

    Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question A factory costs $290,000. You forecast that it will produce cash inflows of $85,000 in year 1, $145,000 in year 2, and $230,000 in year 3, The discount rate is 10%. a. What is the value of the factory? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 10...

  • Sad Help Check my work mode: This shows what is correct or incorrect for the work...

    Sad Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com In 2011-2015, mutual fund manager, Diana Sauros produced the following percentage rates of return for the Mesozoic Fund. Rate return on the market index are given for comparison Fund Market index 2011 2012 2013 2014 2015 -1.2 +24.8+40.7+11.1 +0.3 -0.9 +16.0+31.7+10.9 -0.7 a. Calculate (a) the average return on both the Fund and the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT