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
borishaifa [10]
1 year ago
15

assume you have taken out a partially amortizing loan for $1,000,000 that has a term of 7 years, but amortizes over 20 years. ca

lculate the balloon payment if the interest rate on this loan is 9%.
Business
1 answer:
olga55 [171]1 year ago
6 0

Answer:

The balloon payment for this loan would be $581,213.92. This can be calculated by taking the original loan amount of $1,000,000, multiplied by the interest rate of 9%, then multiplied by the difference in the amortization period (20 years) and the loan term (7 years). This equals $540,000. Finally, add the original loan amount to the interest amount, resulting in $1,540,000. This is the total amount due at the end of the loan term, or the balloon payment.

Explanation:

You might be interested in
Provincial Inc. reported the following before-tax income statement items: Operating income $ 520,000 Loss on discontinued operat
geniusboy [140]

Answer:

$176,800

Explanation:

Operating income ×income tax rate

$520,000 × 34% = $176,800

Therefore Provincial would report $176,800 of income tax expense as a separately stated line item in the income statement because $520,000 is the operating income tax before-tax income statement items and 34% is the actual income rate.

4 0
3 years ago
Read 2 more answers
Consider the following case: John Smith is a archaeologist with a Ph.D. He has excavated sites across much of South America and
STatiana [176]

According to the case, the use of Ph.D. on the ads for hair care products by John Smith is considered an example of the fallacy of inappropriate expertise.

The provided statement is true.

<h3>What is a fallacy?</h3>

A fallacy is an unlawful statement that is used by someone in stating any reasoning or argument which can even be harmful to society.

In the given case, John is having Ph.D. degree in the archaeology field, and his attempt to use the word Ph.D. on the haircare goods marketed by him would be a fallacy in respect of inappropriate expertise. The fallacy could be the use of the Ph.D. word on ads and the inappropriate expertise is that he doesn't have any knowledge regarding skincare and dermatology area.

Therefore, this may create a harmful effect on the individuals who are buying them as it is not authorized by a dermatologist.

Learn more about the fallacy in the related link:

brainly.com/question/2516239

#SPJ1

5 0
2 years ago
Explain how insurance companies use statistics.
Luda [366]

Answer:

 Statistics is used to determine what risk an insured poses to an insurance company, what percentage of policies is likely to pay out, and how much money a company can expect to pay out in claims

7 0
3 years ago
Why is cooperative skill important in good trade? give the reasons..​
klio [65]

Answer:

Team cooperation encourages employees to work together for the benefit of the organization. It reduces the desire of employees to complete against each other,which often never good for the business,and instead focus on working together to achieve a common goal.

3 0
3 years ago
In your opinion, is management still relevant as a course of study today? Explain using relevant examples.
alina1380 [7]

Yes, "management" is still relevant as a course of study today.

Management is one of the most relevant course offered by an educational establishment such as a university. The course polishes the skills of student and enlighten them on how to be useful in management of a company.

  • <em>Business Administration</em>, <em>Business Management, Management Studies, Commerce, Hospital Management, Hospitality Management </em>are examples course that falls under the umbrella of Management

  • Auditors, Accountants, Revenue officers are examples employee who learnt the management course.

In conclusion, studying a management course in a country will employment opportunities makes its easy for a student to get a job.

Learn more about this here

<em>brainly.com/question/24227339</em>

7 0
3 years ago
Other questions:
  • You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value
    5·1 answer
  • Jervis sells $3,900 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 3% fa
    7·1 answer
  • Callaghan motors' bonds have 10 years remaining to maturity. interest is paid annually; they have a $1,000 par value; the coupon
    6·1 answer
  • We are taught that cleanliness is a vital part of daily life, that antibacterial soaps, cleaning products that completely elimin
    9·1 answer
  • Nearly all small businesses have consensus buying centers. <br> a. True <br> b. False
    11·1 answer
  • A high degree of managerial mobility in societies that emphasize individualism can lead to Group of answer choices increased man
    7·1 answer
  • The terms of trade reflect the:
    10·1 answer
  • Which of the following statements is​ false?A. In a​ make-to-order environment, the forecasts tend to be for groups of products.
    9·1 answer
  • The information below is provided for Sea Company:_________. Year Ending Inventory End- of-Year Prices Cost Index 2017 $ 90,000
    14·1 answer
  • What distinguishes a product/service from the competition ?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!