anonymous
  • anonymous
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?
Mathematics
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
jamiebookeater
  • jamiebookeater
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
idk i need the answer to this problem x<7;7
anonymous
  • anonymous
what is it
anonymous
  • anonymous
what does the question ask you

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

anonymous
  • anonymous
\[x <7;7\]
anonymous
  • anonymous
i need more details
anonymous
  • anonymous
tell whether the number in bold solution
anonymous
  • anonymous
for each inequality,tell whether the number in bold is a solution
anonymous
  • anonymous
hello
anonymous
  • anonymous
i'm not sure go on yahoo and ask
agent0smith
  • agent0smith
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.
anonymous
  • anonymous
its quarterly payments
agent0smith
  • agent0smith
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.
anonymous
  • anonymous
nope thats all the information
agent0smith
  • agent0smith
Have you studied compound interest yet? Maybe it's just simple interest
agent0smith
  • agent0smith
Simple interest makes it way easier to solve
agent0smith
  • agent0smith
And as far as I can tell, using compound interest... the company won't EVER pay off the loan.
anonymous
  • anonymous
they will its a problem in excel
anonymous
  • anonymous
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
agent0smith
  • agent0smith
Have you studied compound interest? There's a big difference between that and simple interest for these problems.
agent0smith
  • agent0smith
I'm guessing they're simple interest problems
anonymous
  • anonymous
yeah but this is for a computer science class
agent0smith
  • agent0smith
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
agent0smith
  • agent0smith
this looks like it may have the formula you need: http://www.cimaglobal.com/Thought-leadership/Newsletters/Insight-e-magazine/Insight-2011/Insight-January-2011/Spreadsheet-skills-a-debt-to-repay/

Looking for something else?

Not the answer you are looking for? Search for more explanations.