Alex karev has taken out a 180000 loan with an annual rate, Financial Econometrics

+44 141 628 6080
[email protected]

Alex karev has taken out a 180000 loan with an annual rate

Alex Karev has taken out a $180,000 loan with an annual rate of 8 percent compounded monthly to pay off hospital bills from his wife Izzy's illness. If the most Alex can afford to pay is $3,500 per month, how long will it take to pay off the loan? How long will it take for him to pay off the loan if he can pay $4,000 per month? Use five decimal places for the monthly percentage rate in your calculations

If Alex can pay, the number of years it takes for him to pay off the loan is?

Request for Solution File

Ask an Expert for Answer!!

Financial Econometrics: Alex karev has taken out a 180000 loan with an annual rate

Reference No:- TGS0667145

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Financial Econometrics

Q : In an em wave traveling west the b field oscillates

In an EM wave traveling west, the B field oscillates vertically and has a frequency of 88.0kHz and an rms strength of 6.35×10?9T

Q : Prepare functional specifications for the companys use of

Prepare functional specifications for the company's use of the Web and the Internet. Include links to and from other sites in your design.

Q : You are hoping to buy a house in the future and recently

You are hoping to buy a house in the future and recently received an inheritance of $22,000.00. You intend to use your inheritance as a down payment on you house.

Q : Imagine that you run a photography printing store your

Imagine that you run a photography printing store. Your employees have been using punch cards for time entry since you started the business.

Q : Alex karev has taken out a 180000 loan with an annual rate

Q : On december 31 beth klemkosky bought a yacht for 110000 and

On December 31, Beth Klemkosky bought a yacht for $110,000 and paid $14,000 down and agreed to pay the balalnce in 9 equal annual installments that include both the principal and 8 percent interest on the declining balance.

Q : Calculate the discount rate used by the lender and

Calculate the discount rate used by the lender and calculate the effective interest rate (APR) on the loan and use the horizontal model (or write the journal entry) to show the effects

Q : Identify any modifications that should be implemented to

Identify any modifications that should be implemented to the IT infrastructure in order to accommodate the requirements of the EHR.

Q : A baseball pitcher delivers a fastball that crosses the

A baseball pitcher delivers a fastball that crosses the plate with an angle of 5.77 degrees relative to the horizontal and a speed of 87.9 mph. What is the magnitude of the impulse received by the ball

1940521

Questions
Asked

3,689

Active Tutors

1414573

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Financial Econometrics: Alex karev has taken out a 180000 loan with an annual rate

Reference No:- TGS0667145

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Econometrics

Q : In an em wave traveling west the b field oscillates

Q : Prepare functional specifications for the companys use of

Q : You are hoping to buy a house in the future and recently

Q : Imagine that you run a photography printing store your

Q : Alex karev has taken out a 180000 loan with an annual rate

Q : On december 31 beth klemkosky bought a yacht for 110000 and

Q : Calculate the discount rate used by the lender and

Q : Identify any modifications that should be implemented to

Q : A baseball pitcher delivers a fastball that crosses the

Understanding that most employment in america is at will

Do todays policymakers truly represent the general public

How practitioner is engaging in advocacy training

Is our society more accepting of some immigrant groups

How local planning process impact economic development

How amendments provides freedoms

Describe how supreme court has identified and interpreted

Request for Solution File

Ask an Expert for Answer!!

Financial Econometrics: Alex karev has taken out a 180000 loan with an annual rate

Reference No:- TGS0667145

Recent Questions Asked Financial Econometrics

Q : In an em wave traveling west the b field oscillates

Q : Prepare functional specifications for the companys use of

Q : You are hoping to buy a house in the future and recently

Q : Imagine that you run a photography printing store your

Q : Alex karev has taken out a 180000 loan with an annual rate

Q : On december 31 beth klemkosky bought a yacht for 110000 and

Q : Calculate the discount rate used by the lender and

Q : Identify any modifications that should be implemented to

Q : A baseball pitcher delivers a fastball that crosses the

Asked Questions