Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you take out a 10 year student loan for 25,000 at

you take out a 10 year student loan for 25,000 at 5.7% annual interest, compounded...

80.2K

Verified Solution

Question

Accounting

you take out a 10 year student loan for 25,000 at 5.7% annual interest, compounded monthly. if you have to make monthly payments, witch finance formula would you use for this situation

1 simple intrest

2 compound intrest

3 continuous compound intrest

4 annuity with payments in

5 annuity with payments out

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

(2) Show that a group G of order 5313 is not simple.

Algebra
Q

JAMES Taxpayer has AGI of $100,000 in 2018 for the following He has doctor costs of...

Finance
Q

Green Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $14,000 Accounts Receivable 15,800 Office Supplies 6,500 Land 18,400 Building 47,900 Accumulated Depreciation—Building $36,100 Furniture 19,600 Accumulated Depreciation—Furniture 14,100 Accounts Payable 10,600 Salaries Payable 7,200 Unearned Revenue 16,000 Common...

Accounting
Q

Formula=IF(RAND()>0.5,T.INV(RAND(),10)-2,T.INV(RAND(),10)+2 observation sample 1 1 1.37700278 2 1.827378045 3 3.479013387 4 1.382604626 5 2.572039451 6 2.38234939 7 0.240414349 8 -1.347432349 9 2.85777933 10 -3.379978992 11 -2.746482213 12 1.886442756 13 -1.947527669 14 1.540754548 15 -0.233174876 16 -1.104079702 17 -1.226712691 18 3.300631732 19 0.940368484 20 -1.845113569 21 -1.250733918 22 -1.392547733 23 2.478557615 24 0.823135564 25 1.630991977 sample mean 0.489827213 Use the excel spreadsheet to simulate 1000 samples of size 25 by copying cells C:3...

Statistics
Q

Plants name Main plant Marigold Tagetes Other plants also included in lab Vinca Catharanthus roseus...

Biology
Q

Which principle does ray 3 demonstrate a A ray parallel to the principal axis will...

Physics
Q

11 Two metal plates have potential difference of 300 V and are 1 cm apart...

Physics
Q

Suppose the following plate is placed on a vertical wall so that the top of...

Geometry
Q

2. (8B) A bag contains 10 marbles. 3 of them are blue, 4 of them...

Geometry
Q

A researcher surveyed adults and recorded the number of miles they drove their car in...

Statistics
Q

The graph of the derivative f' of a function f is shown.(a) On what intervals...

Calculus
Q

Required information [The following information applies to the questions displayed below.] Hemming Co. reported the...

Accounting