ICA_18_soln

ICA_18_soln - she hopes to pay back over the next 30...

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Attendance Question Please click on a “1” to confirm your attendance. You get points just for being here today. (Channel 35)
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If a potential capital investment has a net present value (NPV) of zero, the investment should not be made. 1. True 2. False (see below)
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If a potential capital investment has a net present value (NPV) greater than zero, the investment has an actual return greater than its required minimum rate of return. 1. True 2. False
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Michelle has accumulated $12,000 in student loans that
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Unformatted text preview: she hopes to pay back over the next 30 months. The first payment begins one month after she graduates. The interest rate is 12% compounded monthly. Each monthly payment will be equal in amount. QUESTION: What will be the amount of each of Michelles monthly payments? (Use the more extensive factor table at the back of your ACCT book) If necessary, round your answer to the nearest whole dollar. Do not include decimals or cents in your final answer. SEE BELOW...
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This note was uploaded on 02/17/2012 for the course ACC 200 taught by Professor Buckless during the Spring '08 term at N.C. State.

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ICA_18_soln - she hopes to pay back over the next 30...

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