<span>$11,320 with its interest rate over the year will be $13659.84. If Francine paid $436 each month for a year he would have paid off $5232 in a year. His debt balance would still be remanding at $8427.84. Francine will have paid off a large amount of his payment plan with the company however he will still be required to spend 18 months or so to pay back what he owes as there was a a 20.67% interest sum added to his payment plan with the company.</span>
This indicates that the society is using resources efficiently and effectively. This is because all economies tend to go towards the equilibrium and if they don't, that's bad for the economy.
Answer:
Samantha will be willing to pay $ 2,600. The right answer is B.
Explanation:
Acording to the details, the probability of loss in case of Samantha's neighborhood is 25%.
Hence, the expected loss to her will be = 25/100 * 10000 = $2500
Samantha is willing to pay $100 over her expected loss, hence the amount that Samantha be willing to pay = ($2500 + $100 ) = $2600
Samantha will be willing to pay $2600
Answer:
Annual ordering cost=$32.142
Explanation:
Annual ordering cost = Annual demand/order quantity × ordering cost per order
Annual demand = 15 × 12 = 180 units
Kindly note that there are 12 months in year.
Annual Ordering cost = 180/28 × $5= $32.142
Annual ordering cost=$32.142
Answer:
9,792 total interest expense
Explanation:
face value 96,000
issued at 94,080
<em>discount 1,920</em>
<u><em>amortization of the bond:</em></u>
discount/total payment
10 years atsemiannual payment = 20 payment
1,920/20 = 96
<u><em>cash proceed:</em></u>
96,000x 10%/2 = 4,800
discount 96
<u>interest expense 4,896 per payment</u>
2 payment per year 9,792 total interest expense
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