subject
Business, 13.03.2020 21:51 cratsley321

Edgar has taken out a $6,250 unsubsidized Stafford loan to fund his four-year undergraduate degree. The loan has a duration of 10 years and an interest rate of 6.1%, compounded monthly. How much interest capitalization will have accrued by the time Edgar graduates? Round all dollar values to the nearest cent. a. $1,670.30 b. $1,722.22c. $664.35 d. $1,524.96

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:30
Resources that are valuable but not rare can be categorized asanswers: organizational weaknesses.distinctive competencies.organizational strengths.complementary resources and capabilities.
Answers: 1
question
Business, 22.06.2019 06:40
Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.
Answers: 2
question
Business, 22.06.2019 09:20
Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.
Answers: 1
question
Business, 22.06.2019 19:00
Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.
Answers: 2
You know the right answer?
Edgar has taken out a $6,250 unsubsidized Stafford loan to fund his four-year undergraduate degree....
Questions
question
English, 07.11.2020 01:00
question
Mathematics, 07.11.2020 01:00
question
Mathematics, 07.11.2020 01:00
question
Mathematics, 07.11.2020 01:00
question
Mathematics, 07.11.2020 01:00
question
Mathematics, 07.11.2020 01:00
Questions on the website: 13722367