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 2 years ago
Your company will make quarterly payments of $12,500 on a $250,000 piece of equipment at 8.25% interest. How many years will it take to pay off the loan?
 2 years ago
Your company will make quarterly payments of $12,500 on a $250,000 piece of equipment at 8.25% interest. How many years will it take to pay off the loan?

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YungPolo87434
 2 years ago
Best ResponseYou've already chosen the best response.0idk i need the answer to this problem x<7;7

PrettyGirl22
 2 years ago
Best ResponseYou've already chosen the best response.0what does the question ask you

PrettyGirl22
 2 years ago
Best ResponseYou've already chosen the best response.0i need more details

YungPolo87434
 2 years ago
Best ResponseYou've already chosen the best response.0tell whether the number in bold solution

YungPolo87434
 2 years ago
Best ResponseYou've already chosen the best response.0for each inequality,tell whether the number in bold is a solution

PrettyGirl22
 2 years ago
Best ResponseYou've already chosen the best response.0i'm not sure go on yahoo and ask

agent0smith
 2 years ago
Best ResponseYou've already chosen the best response.0I'm assuming the 8.25% interest is compounded yearly...? My initial calculations suggest that the company will never pay off the loan... maybe I've done something wrong.

PrettyGirl22
 2 years ago
Best ResponseYou've already chosen the best response.0its quarterly payments

agent0smith
 2 years ago
Best ResponseYou've already chosen the best response.0Yeah, but the 8.25% interest rate, it doesn't say if it's compounded yearly or what. The payments are quarterly, maybe the interest is too? idk, it should tell you.

PrettyGirl22
 2 years ago
Best ResponseYou've already chosen the best response.0nope thats all the information

agent0smith
 2 years ago
Best ResponseYou've already chosen the best response.0Have you studied compound interest yet? Maybe it's just simple interest

agent0smith
 2 years ago
Best ResponseYou've already chosen the best response.0Simple interest makes it way easier to solve

agent0smith
 2 years ago
Best ResponseYou've already chosen the best response.0And as far as I can tell, using compound interest... the company won't EVER pay off the loan.

PrettyGirl22
 2 years ago
Best ResponseYou've already chosen the best response.0they will its a problem in excel

PrettyGirl22
 2 years ago
Best ResponseYou've already chosen the best response.0You want to buy a new motorcycle. The payments will be $244.22 per month for 8 years. The interest rate is 7.35%. What is the asking price of the motorcycle? here is a problem similar

agent0smith
 2 years ago
Best ResponseYou've already chosen the best response.0Have you studied compound interest? There's a big difference between that and simple interest for these problems.

agent0smith
 2 years ago
Best ResponseYou've already chosen the best response.0I'm guessing they're simple interest problems

PrettyGirl22
 2 years ago
Best ResponseYou've already chosen the best response.0yeah but this is for a computer science class

agent0smith
 2 years ago
Best ResponseYou've already chosen the best response.0Oh, I'm not familiar with computer science, so it looks like I was going at it the wrong way. I looked it up and don't recognize the formulas. This should help, it looks like the same problem as yours: http://answers.yahoo.com/question/index?qid=20121210132233AAtJBAz

agent0smith
 2 years ago
Best ResponseYou've already chosen the best response.0this looks like it may have the formula you need: http://www.cimaglobal.com/Thoughtleadership/Newsletters/Insightemagazine/Insight2011/InsightJanuary2011/Spreadsheetskillsadebttorepay/
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