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PrettyGirl22
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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?
 one year ago
 one year ago
PrettyGirl22 Group Title
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?
 one year ago
 one year ago

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YungPolo87434 Group TitleBest ResponseYou've already chosen the best response.0
idk i need the answer to this problem x<7;7
 one year ago

YungPolo87434 Group TitleBest ResponseYou've already chosen the best response.0
what is it
 one year ago

PrettyGirl22 Group TitleBest ResponseYou've already chosen the best response.0
what does the question ask you
 one year ago

YungPolo87434 Group TitleBest ResponseYou've already chosen the best response.0
\[x <7;7\]
 one year ago

PrettyGirl22 Group TitleBest ResponseYou've already chosen the best response.0
i need more details
 one year ago

YungPolo87434 Group TitleBest ResponseYou've already chosen the best response.0
tell whether the number in bold solution
 one year ago

YungPolo87434 Group TitleBest ResponseYou've already chosen the best response.0
for each inequality,tell whether the number in bold is a solution
 one year ago

YungPolo87434 Group TitleBest ResponseYou've already chosen the best response.0
hello
 one year ago

PrettyGirl22 Group TitleBest ResponseYou've already chosen the best response.0
i'm not sure go on yahoo and ask
 one year ago

agent0smith Group TitleBest ResponseYou've already chosen the best response.0
I'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.
 one year ago

PrettyGirl22 Group TitleBest ResponseYou've already chosen the best response.0
its quarterly payments
 one year ago

agent0smith Group TitleBest ResponseYou've already chosen the best response.0
Yeah, 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.
 one year ago

PrettyGirl22 Group TitleBest ResponseYou've already chosen the best response.0
nope thats all the information
 one year ago

agent0smith Group TitleBest ResponseYou've already chosen the best response.0
Have you studied compound interest yet? Maybe it's just simple interest
 one year ago

agent0smith Group TitleBest ResponseYou've already chosen the best response.0
Simple interest makes it way easier to solve
 one year ago

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

PrettyGirl22 Group TitleBest ResponseYou've already chosen the best response.0
they will its a problem in excel
 one year ago

PrettyGirl22 Group TitleBest ResponseYou've already chosen the best response.0
You 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
 one year ago

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

agent0smith Group TitleBest ResponseYou've already chosen the best response.0
I'm guessing they're simple interest problems
 one year ago

PrettyGirl22 Group TitleBest ResponseYou've already chosen the best response.0
yeah but this is for a computer science class
 one year ago

agent0smith Group TitleBest ResponseYou've already chosen the best response.0
Oh, 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
 one year ago

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