Answer:
a) quota: $ 802.43
b) 500 and then, 484.88 for interest
302.43 and 317.54
C) total interest: 984.88
D) the interest will decrease and the amortization over time will increase
E) as the loan has a given date. At that date the principal outstanding must be zero therefore, after each payment the principal is reduced making interest decrease as well. This decrease in interest is replaced with an increase in the amortization-
Explanation:
PV 10,000
time 20
rate 0.05
C $ 802.426
Interest on first quota:
10,000 x 0.05 = 500
Amortization on first quota:
802.43 - 500 = 302.43
Interest in second quota:
(10,000 - 302.43) x 0.05 = 484,8785
amortization on second quota:
802.42 - 484,88 = 317,54
Interest for the year:
500 + 484.88 = 984.88
Answer:
The answer is Option B) Irene likely uses <u>Technical Reasoning</u> at the <u>Use first</u> level
Explanation:
Technical reasoning is defined as an aptitude, ingenuity, and affliction for solving practical problems through experience.
The person who uses the Technical pattern on a Use First basis seeks to problem-solve, build or do things hands on to experience what is going on.
Technical Reasoning refers to the pattern which describes the way we seek relevant real world experiences and practical answers. This pattern is the pattern of the fewest words
An emergency fund is an account that is used to set aside funds that will be needed in the event of a personal financial dilemma. The size of one emergency fund depends on one's income, dependants and lifestyle. It is recommended that one put aside at least three months worth of expenses.In the question given above, the monthly expenses is $2000.00, so the person has to put away at least $2000 * 3 months, which is equal to $6000.00.
Answer:
$378,756
Explanation;
The net present value of land will be =$450,000/1.09^2=$378,756
The land will be recorded in net present value of land by discounting the cost of land with interest rate of buying from the bank.
This Halloween, it's anticipated that each person would spend, on average, $100.45.
Halloween, which is observed annually on October 31st, is also known as All Saints Eve or All Hollow's Eve because it was historically observed to signal the end of the harvest season and the start of the chilly, harsh winters. The night before the new year, according to the Celts, the line between the worlds of the living and the dead fuzzed. Samhain, when Halloween was thought that the spirits of the dead made a comeback to earth, was celebrated on the evening of October 31. The term "spend" is the verb's present-basic form. Second, despite referring to the past tense and past participle of the verb "spend," the term "spent" can also be employed as a verb or an adjective. To disburse cash for the sake of a person, thing, or cause is called spend.
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