Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the third file is for a client named alexei. alexe

The third file is for a client named Alexei. Alexei took out a personal loan...

50.1K

Verified Solution

Question

Finance

The third file is for a client named Alexei. Alexei took out a personal loan exactly one year ago with Harrison Bank. From his file, you have noted the following information: Original loan amount: $57,000 Current loan outstanding: $52090.77 Monthly repayment: $820 Next repayment: Due exactly 1 month from now Interest rate on loan:12=9% For the purposes of the remaining questions, use the rounded values given above.

Using this information, determine the following: How much principal has Alexei repaid over the last year?

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

Discuss with your classmates, the impact of Java from a personal, business, and societal perspective. How...

Programming
Q

1) Demand for medical care and moral hazard: Some argue that providing full insurance for routine...

Economics
Q

In what cellular location is ribosomal RNA (rRNA) produced?O NucleolusO Endoplasmic reticulumO Nuclear poreChloroplast

Biology
Q

Which three lengths could be thelengths of the sides of a triangle?9 cm, 22 cm,...

Geometry
Q

Translate it to make it the graph of y = |x+5| +4.

Calculus
Q

Find the domain of the functions 1 f x x 1 2 f x 5...

Calculus
Q

Problem 17 Write the equation with rectangular coordinates 2 4sin 20

Algebra
Q

Let A be a symmetric 4 x 4 matrix such that det(A) = 3.Find adj(3A)A^T.

Algebra
Q

7 7 y 6 9 6x 4y 6 A 5 6 C 5 6 9...

Algebra
Q

1 Use the Rational Zero Theorem to find al real zeros Enter your answers as...

Algebra
Q

harrison corporation borrowed 700,000 from F&M bank on june 1 of the current year. the...

Accounting
Q

! Required information Part 2 of 3 01:35:39 References EX...

Accounting