A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 4 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?
anonymous
 4 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?

This Question is Open

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

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

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

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

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

agent0smith
 4 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.

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

agent0smith
 4 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.

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

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

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

agent0smith
 4 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.

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

anonymous
 4 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
 4 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
 4 years ago
Best ResponseYou've already chosen the best response.0I'm guessing they're simple interest problems

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

agent0smith
 4 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
 4 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/
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.