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3 years ago

7

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

nus?ofminus?year payment is? ________.

1 answer:

Gre4nikov [31]3 years ago

6 0

I got <span>1,482 dollars.
Hope this helps! :D</span>

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A credit rating (score) of ________ would normally allow you to have easy approval for credit.

NikAS [45]

500 <<<<<<<<<<<<<<<<<<<<<<<<<<

7 0

3 years ago

Write a letter to your friend telling him/her about your health condition?

erik [133]

Answer:

Explanation:

Dear Y,

How are you? I hope you are well. I received your letter two days ago. But I could not answer in time because of my illness.

On last Saturday I went to school as usual. When I was returning home, it started rain. As I was in the way, there was no place to take shelter. As a result I got drenched. Soon after reaching home, I started coughing. I caught acute cold fever by night. Since then, I have been suffering from fever. Father took me to a doctor. But the doctor said that it would take at least 5 days to get cured. So, I am in bed now.

No more today. Take care of you and don’t move while it’s raining. Please pay a visit to our house if possible. Waiting for your reply.

Your loving friend

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4 0

2 years ago

cobb co. purchased 10,000 shares (2% ownership) of roe co. on february 12. cobb received a stock dividend of 2,000 shares on mar

stiks02 [169]

cobb must include $18,000 as dividend income in its income statement for the current year.

Given,

10,000 shares were bought.

2 ownership

2,000 shares of stock were received as a dividend.

The market price per share is $40.

$1.50 per share in cash dividends

The formula listed below can be used to determine dividend income:

Number of Shares x Dividend Per Share = Dividend Income

Dividend Income = 12,500 divided by $1.50

$18,000 is the dividend income.

the dividend income is $18,000 as a result.

Amounts delivered to the company's shareholders are referred to as dividend income dividend income. As a result, the company's profits or earnings are used to pay out dividends.

Learn more about dividend income here:

brainly.com/question/26031527

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7 0

1 year ago

ABC Enterprises issues $400,000 of bonds paying a stated interest rate of 7%. The bonds are due in 10 years, with interest payab

Ainat [17]

Answer:

$305,772.29

The bond was issued at discount

Explanation:

The pv value approach in excel comes handy in determining the price of teh bond.

The formula is stated below:

=-pv(rate,nper,pmt,fv)

rate is the yield to maturity of other bonds of similar risk and maturity at 11%

nper is the number of times that the bond would pay coupon interest to the bondholders ,since the bond is an annual coupon paying bond,it would pay coupon for 10 years

pmt is dollar value of the coupon payable by the bond annually which is 7%*$400,000=$28,000

fv is the face value of the bond at $400,000

=-pv(11%,10,28000,400000)=$305,772.29

Since the bond was be issued at a price lower than its face value,hence it was issued at a discount

Alternatively

Present value of interest payment = 28000 * 5.8892 = 164,898

Present value of Bond Principal = 400000 * 0.3522 = 140,874.

Total present values 305,772

4 0

3 years ago

Read 2 more answers

Increasing the discount rate can influence the economy by:

NikAS [45]

Answer:

C. discouraging businesses from borrowing money from banks.

Explanation:

The discount rate is the interest rate imposed on commercial banks when they borrow from the Federal Reserve ( the Fed). The banks borrow from the Fed to meet their short-term cash flow requirements. The discount rate is usually higher than the inter-banks rate (the Fed funds rate). An increase in the discount rate automatically pushes the inter-bank rate higher.

The interest rate that commercial banks charge their customer for loans is pegged on the Fed funds rate, which is also the inter-bank rate. An increase in the discount rate will translate to a rise in the bank's interest rates for loans. Businesses and household will reduce their appetite for credit when interest rates go up. A high discount rate is a deterrent to borrowing from the banks.

3 0

3 years ago