Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. for how long will jessica have to make payments of

For how long will Jessica have to make payments of $400.00 at the end of...

80.2K

Verified Solution

Question

Accounting

For how long will Jessica have to make payments of $400.00 at the end of every months to repay a loan of $10000.00 if interest is 12% compounded semi-annually?
a
2.2 years
b
2.6 years
c
2.4 years
d
2.8 years

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

nts S practured so that you will read some information a Note You may repeat...

Basic Math
Q

Suppose the central bank targets the money supply. As a result, the interest rate will ______...

Economics
Q

Question 1 Part A If at a certain point in time the displacement is positive for an...

Physics
Q

Your Christmas ski vacation was great, but it unfortunately ran a bit over budget. All is...

Advance Math
Q

What is the name of the legal document which binds all members of a partnership...

Biology
Q

5 Select four cards to create a food chain starting with a producer Label the...

Biology
Q

that would h Given the positon function f x 16x 80x simplify the difference quotient...

Calculus
Q

x 5 S 4 2 2 dx 6 f 3 sin 2x cos 2x dx

Calculus
Q

please help with all ent Your answer is...

Accounting
Q

During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of...

Accounting
Q

On January 2, 2019, Maco, Inc. acquired a 15% interest in Nacon Corp. by paying...

Accounting
Q

We really need to get this new material-handling equipment in operation just after the new...

Accounting