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2 years ago

If someone gets a 1000 dollar loan how much will their monthly payment be

Business

1 answer:

SCORPION-xisa [38]2 years ago

8 0

Answer:

the monthly payment column represents the principal and interest payment for each $1,000 you borrow. For example, if you borrow $100,000 for 30 years at 4.25%, your monthly payment per $1,000 borrowed would be $4.92. Multiply that factor (4.92) by 100 (100,000/1,000) to estimate your monthly payment of $492.00.

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Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year and that real GDP per capita

Andrej [43]

Answer:

40 years

Explanation:

Given:

Per capita GDP of United states = $32,000

Per capita GDP of China = $4,000

Growth rate of United states = 2%

Growth rate of China = 7%

Now, By the rule of 70 , the GDP will double in $\frac{\textup{70}}{\textup{Growth rate}}$ years

Therefore,

The United States GDP will double in = $\frac{\textup{70}}{\textup{2}}$ = 35 years

Thus,

The GDP of united states in 35 years will be (2 × $32,000 ) = $64,000

this is equals to the 16 times the current GDP of the China

Now,

The China GDP will double in = $\frac{\textup{70}}{\textup{7}}$ = 10 years

Therefore,

The GDP of china will be

2 × $4,000 in 10 years = $8,000

in 20 years = 2 × $8,000 = $16,000 ( i.e 4 times)

in 30 years = 2 × $16,000 = $32,000 ( i.e 8 times)

in 40 years = 2 × $32,000 = $64,000 ( i.e 16 times)

Hence, it will take 40 years for China to catch up with the united states

6 0

3 years ago

Reliable Waterworks provides plumbing services. Transactions of Reliable Waterworks during the first year of operations are give

Mariana [72]

Answer:

$30,900

Explanation:

Assets are major components of the statement of financial position. They are defined as anything owned by a company as a result of past activities that result to an inflow of economic benefits

Cash Asset Liability Expenses

Capital 11000 11000

Equipment (1400) 1400

Loan 15000 15000 15000

Rent (100) (100) 100

Inventory (400) 400

Sales 3200 3200

Total 30900 15000

7 0

3 years ago

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses a

mezya [45]

Answer:

Allocated salary to Grinding = $18,000

Explanation:

The Salary would be allocated between the department using the number f employees as the basis of allocation. This is so because number of employees would be a reasonable factory that influences the amount incurred as salary expense.

This is done as follows:

Allocated Salary expense =

Number of employee in a department/Total employee× Salary

Allocated salary to Grinding Department

= 1500/2500× $30,000=$18,000

Allocated salary to Grinding = $18,000

4 0

3 years ago

Emily has used this file format many times, as it is suitable for photographs, and highly compressed, which makes it a good idea

katrin2010 [14]

JPEG There are a lot of different file compression formats that are usable for images, but the most likely one Emily is using is JPEG. The amount of compression you can get from JPEG is configurable as an input parameter where you can get more compression by losing more fine detail. At moderate levels of loss, you can get extremely high compression ratios. One of the major problems is that JPEG does not do well when you expand a compressed image, edit it, then compress the edited result. Because of this, for picture editing purposes, a lossless compression format is recommended for original images that may be edited in the future.

6 0

3 years ago

Common stock value long dash Variable growth Personal Finance Problem Home Place Hotels, Inc., is entering into a 3-year remod

bekas [8.4K]

Answer: Current stock price ( $P_{0}$ ) = $ 51.71

Explanation:

First we'll calculate the dividends for the next 5 years and the respective Terminal value in $5^{th}$ year .

i.e. ,

$D_{0}$ = $ 2.30

$D_{1}$ = $D_{0}$ $\times$ (1 + $Growth rate_{year 1}$ )

$D_{1}$ = $ 2.30 × ( 1 + 0%) = $ 2.30

$D_{2}$ = $D_{1}$ $\times$ (1 + $Growth rate_{year 2}$ )

$D_{2}$ = $ 2.30 × ( 1 + 3%) = $ 2.36

$D_{3}$ = $D_{2}$ $\times$ (1 + $Growth rate_{year 3}$ )

$D_{3}$ = $ 2.36 × ( 1 + 3%) = $ 2.43

$D_{4}$ = $D_{3}$ $\times$ (1 + $Growth rate_{year 4}$ )

$D_{4}$ = $ 2.43 × ( 1 + 16%) = $ 2.819

$D_{5}$ = $D_{4}$ $\times$ (1 + $Growth rate_{year 5}$ )

$D_{5}$ = $ 2.819 × ( 1 + 11%) = $ 3.129

∵ The growth rate after $5^{th}$ year = 11%

Required rate of return (r) = 15%

∴ Terminal value ( $P_{5}$ ) = $\frac{D_{5} \times (1 + Growth rate)}{Required rate of return - Growth rate}$

Terminal value ( $P_{5}$ ) = $\frac{ 3.129 \times (1 + 0.11)}{0.15 - 0.11}$

Terminal value ( $P_{5}$ ) = $ 86.85

Now, we'll compute the price per share :

Current stock price ( $P_{0}$ ) = $\left [ \frac{D_{1}}{(1 + r)^{n}} + \frac{D_{2}}{(1 + r)^{n}} +\frac{D_{3}}{(1 + r)^{n}} + \frac{D_{4}}{(1 + r)^{n}} + \frac{D_{5}}{(1 + r)^{n}} + \frac{P_{5}}{(1 + r)^{n}}\right ]$

where;

n = respective years

r = required rate of return

∴ Current stock price ( $P_{0}$ ) = $\left [ \frac{2.30}{(1 + 0.15)^{1}} + \frac{2.36}{(1 + 0.15)^{2}} +\frac{2.43}{(1 + 0.15)^{3}} + \frac{2.819}{(1 + 0.15)^{4}} + \frac{3.129}{(1 + 0.15)^{5}} + \frac{86.85}{(1 + 0.15)^{5}}\right ]$

Current stock price ( $P_{0}$ ) = ( 2 + 1.78 + 1.59 + 1.611 + 1.55 + 43.18)

Current stock price ( $P_{0}$ ) = $ 51.71

5 0

3 years ago