Which of these

an amount of 16000 is borrowed for 8 years at 3% interest, compounded annually. if the loan is paid in full at the end of that p

bezimeni [28]

He must pay back 20268.32 of amount after borrowing 16000 for 8 years at the interest rate of 3% for one year.

<h3>How to calculate loan amount ?</h3>

The term "Loan Amount" refers to the sum of money we currently owe you for this mortgage. The loan amount may also include other fees, interest , defaulted payments, interest on defaulted payments, principal, and interest on unpaid principal.

The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate. The total interest on a loaned or borrowed sum is determined by the principal amount.

Amount he borrowed = 16000

No. of years = 8 years

Rate of interest = 3%

Calculate full amount (A) :

Equation for A = P(1 + r/n)^(nt)

A = 16000(1 + .03)^8

A = 20268.32

He need to pay 20268.32 after 8 years.

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4 0

1 year ago

A half note receives ______ Blank beats of ____

sukhopar [10]

Answer:

If in 4/4 time then a half note receives 2 beats.

Explanation:

Half of four is two :)

4 0

3 years ago

Explain the demand curve for eskom as well as the implication of the curve with regards to market power

melisa1 [442]

The right answer for the question that is being asked and shown above is that: "<span>the demand curve for eskom as well as the implication of the curve with regards to market power is that th</span><span>e implication of the demand will fall under the oligopoly."</span>

4 0

3 years ago

The value of a cash budget is that it helps you predict and supply your future cash needs.true or false

Sedaia [141]

The right answer for the question that is being asked and shown above is that: "TRUE." <span>The value of a cash budget is that it helps you predict and supply your future cash needs. This statement is true as far as the value of a cash is concerned.</span>

7 0

4 years ago

The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 45,650 Current ass

Law Incorporation [45]

Answer:

$4,533.05

Explanation:

Return on equity (ROE) = Net income / Equity

Return on equity (ROE) = $6,992 / $50,300

Return on equity (ROE) = 13.9%

Retention ratio = 1 - Dividend payout ratio

Retention ratio = 1 - 35%

Retention ratio = 65%

Sustainable growth rate = [13.9%*65%] / [1 - 13.9%*65%]

Sustainable growth rate = 0.09035 / 0.90965

Sustainable growth rate =0.09932392

Sustainable growth rate = 9.93%

Maximum dollar increase = Sales * Sustainable growth rate

Maximum dollar increase = $45,650 * 9.93%

Maximum dollar increase = $4,533.05

5 0

3 years ago