1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lozanna [386]
2 years ago
13

Adam borrows $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. the actual end-of

-year payment is ________.
Business
1 answer:
Kazeer [188]2 years ago
8 0
Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value 4500
PMTthe actual end-of-year payment?
R interest rate 0.12
N 4 equal annual installments
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷r]
PMT=4,500÷((1−(1+0.12)^(−4))÷(0.12))
PMT=1,481.55
You might be interested in
The award winning competence demonstrated by the WellPoint PMO gave WellPoint a competitive advantage in their government contra
Ksju [112]
It’s A I just took the test
6 0
3 years ago
Which of the following factors, all else being equal, will increase the net present value of cash? 1) increase in reclamation 2)
PSYCHO15rus [73]

Answer:

increase in capital expenditure

7 0
2 years ago
Read 2 more answers
An analysis of stockholders' equity of Hahn Corporation as of January 1, 2010, is as follows:
charle [14.2K]

Answer:

Additional paid-in capital is $904,200

Explanation:

Number of shares, issued and outstanding = 93,000 shares

Acquired 2,460 shares of its stock for $75,000.

Sold 2,000 treasury shares at $35 per share.

Sold the remaining 460 treasury shares at $20 per share.

i) Acquired 2,460 shares of its stock for $75,000.

= Treasury Stock Dr $75,000

ii) Sold 2,000 treasury shares at $35 per share.

Treasury Stock (2,000 × $35) = Dr $70,000

iii) Sold the remaining treasury shares at $20 per share.

Treasury Stock (460 × $20) = Dr $9,200

Total Treasury Stock = $75,000 - $70,000 - $9,200

= ($4,200)

Paid in Cap-tresury stock= 10,000-5000=5000

Additional Paid in capital = Paid in Capital - treasury stock

= 900,000 + 4,200 = $904,200

6 0
3 years ago
Which of the following is a way for college students to watch their favorite tv shows without spending a lot of money
Delvig [45]
Watch online you watch tv for free youtube,hulu,netflix
4 0
3 years ago
Read 2 more answers
A chord of a circle is l cm long. The distance of the chord to the center of the circle is h cm and the radius of the circle is
bazaltina [42]

Answer:

http://www.mrbartonmaths.com/resources/GCSE%20Revision/GCSE%20Maths%20Takeaway/4.%20Grades%20B%20to%20A-star/107.pdf

Explanation:

THis is published by me....

6 0
2 years ago
Other questions:
  • A company's business model:______a. is management's blueprint for how it will generate revenues sufficient to cover costs and yi
    5·1 answer
  • You invest $1,000 in a fund. You check your statement at the end of April and you have lost 13%. When the statement for May come
    13·1 answer
  • Inventory at the beginning of the period had a debit balance of $7,000, and a debit balance of $10,000 at the end of the period.
    9·1 answer
  • Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.7 percent. The bond sells for $
    14·1 answer
  • On January​ 1, 2018, McHenry Manufacturing Corporation purchased a machine for $ 40 600 000. ​McHenry's management expects to us
    5·1 answer
  • In a bilateral monopoly with one buyer and one seller, the monopoly power of the seller and the monopsony power of the buyer ten
    6·1 answer
  • When bonds are issued at a premium, the total interest cost of the bonds over the life of the bonds is equal to the amount of
    10·1 answer
  • Using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,500
    10·1 answer
  • What is meeting the deductible?
    6·1 answer
  • A _________ is not a specific security but an arrangement whereby a bank or security dealer sells specific marketable securities
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!