Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a company bought a new boat for $230,000. the comp

A company bought a new boat for $230,000. The company financed this purchase at 5.8...

70.2K

Verified Solution

Question

Finance

A company bought a new boat for $230,000. The company financed this purchase at 5.8 percent interest with monthly payments of $2,159. How many years will it take the firm to pay off this debt?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Identify each type of muscle cell, their functions, locations, and describe how they look under microscope.

Biology
1.2K views

0 00 0 00 A C B BB 6906 B B b b RTY Speed...

Physics
1.2K views

Between the plates of parallel plate condenser a plate of thickness t and dielectric constant...

Statistics
1.2K views

K The diameter of a brand of tennis balls is approximately normally distributed with a...

Algebra
1.2K views

Compute the square root of the matrix A where A 8 10 3 10

Algebra
1.2K views

Find the explicit definition of this sequence 11 23 35 47 an 11n 1 B...

Algebra
1.2K views

A manufacturer of skis produces two types downhill and cross country Use the following table...

Accounting
1.2K views

SLDU INDUSTRIES SDN BHD: THE BLAME GAME IN THE PERFORMANCE MEASUREMENT SYSTEM At CEOs Office...

Accounting
1.2K views

Gelbart Company manufactures gas grills. Fixed costs amount to $24,156,000 per year. Variable costs per...

Accounting
1.2K views

Required Information The following information applies to the questions displayed below. Peng Company is considering...

Accounting
1.2K views

Current Attempt in Progress Waterway Company has completed all of its operating budgets. The sales...

Finance
1.2K views

Malcolm was involved in an auto accident. He was judged to be 49 percent at...