Given:account balance:$5,000;account APR=17% please help with 5-8 5. what is the dollar amount paid in interest if the balance is pid off in 24 months,ceteris paribus? 6. how much more will you pay in interest if you make a fixed payment of 4% of the original balnce than if you make the payment required to pay the balance off in 24 months? 7. if the minimum payment is 4% of the oustanding blanace, how many months will it take to pay off the wntire balance if only the minimum oayment is made each month, ceteris paribus? 8. what is the dollar amount paid in interest if the minimum payment ka made each month to pay off the entore balance,ceteris pribus?
Given:account balance:$5,000;account APR=17% please help with 5-8 5. what is the dollar amount paid in interest if the balance is pid off in 24 months,ceteris paribus? 6. how much more will you pay in interest if you make a fixed payment of 4% of the original balnce than if you make the payment required to pay the balance off in 24 months? 7. if the minimum payment is 4% of the oustanding blanace, how many months will it take to pay off the wntire balance if only the minimum oayment is made each month, ceteris paribus? 8. what is the dollar amount paid in interest if the minimum payment ka made each month to pay off the entore balance,ceteris pribus?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Capital asset pricing model, also known as CAPM, shows the relationship between the expected return of the investment and the market at risk. This concept is basically used particularly in the case of stocks or shares. It is also used across finance for pricing assets that have higher risk identity and for evaluating the expected returns for the assets given the risk of those assets and also the cost of capital.
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Given:account balance:$5,000;account APR=17%
please help with 5-8
5. what is the dollar amount paid in interest if the balance is pid off in 24 months,ceteris paribus?
6. how much more will you pay in interest if you make a fixed payment of 4% of the original balnce than if you make the payment required to pay the balance off in 24 months?
7. if the minimum payment is 4% of the oustanding blanace, how many months will it take to pay off the wntire balance if only the minimum oayment is made each month, ceteris paribus?
8. what is the dollar amount paid in interest if the minimum payment ka made each month to pay off the entore balance,ceteris pribus?
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