math

posted by .

compound intrest-
if there was a chart for 10 years of intrest of a student who was paying a loan when would be the best year to increase his constant annual payment by 5000 dollars for just 1 year

  • math -

    Right at the start (borrow less).

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. business mathemathics

    sharry made a desposit of $860 to open a savings account that pays intrest at an annual rate of 8% compound quarterly. If she keeps her original desposit in the savings account and is paid intrest of four quarters, she will earn intrest …
  2. Intrest

    On Sept 14 Jennifer Rick went to park bank to borrow 2500.00 at 11 3/4 intrest. Jennifer plans to repay the loan on Janauary 27th Assume the loan is on ordinary intrest. What intrest will Jennifer owe on January 27th What is the total …
  3. Simple Intrest

    ON September 14th Jennifer Rick went to a park bank to borrow 2500.00 at 11 3/4 intrest. Jennifer plans to repay the loan on January 27th Assume the loan is on the ordinary intrest. What intrest will Jennifer own on Jan 27th What is …
  4. simple intrest

    ON September 14th Jennifer Rick went to a park bank to borrow 2500.00 at 11 3/4 intrest. Jennifer plans to repay the loan on January 27th Assume the loan is on the ordinary intrest. What intrest will Jennifer own on Jan 27th What is …
  5. Algebra 1

    Ms. Buxx invested a total of $2000 in two saving accounts. The first account pays 3% intrest per year. The second accout pays 5% intrest per year. If the intrest form both accounts totals $84 dollars per year how much is invested in …
  6. math

    last year Jodie invested $10000, part at 6% anual intrest and the rest at 8% annual intrest. if she received $760 in intrest at the end of the year how much did she invest at each rate. help is much appreciated plz help!!
  7. finance

    Richard likes the car price of $10,000 but financing through the dealer is no bargain.He has $2,000 for a down payment,so he needs $8,000 for the loan.Richard borrows $8000 for a period of four years at an add on intrest rate of 11 …
  8. math

    if I deposited $100 in your savings account today, how much will you have 10 years from now if your account pays compound intrest once a year and the annual intrest rate is 4%
  9. math - interest rates

    Car loan: 5-yr annual-payment loan with interest rate of 6% per year. Annual payment = $5,000. You have just made a payment and decided to pay the loan off by repaying the outstanding balance. a) what is payoff amount if you have owned …
  10. math

    10 years ago raj deposited $5000 into an investment account with intrest compound quarterly. for the first 5 years the intrest rate was 6% and for the next 5 years the interest rate changed to 4.5% how much money is in the account …

More Similar Questions