Answer:
Present value (PV) = $57,500
Interest rate (APR) = 5.9%
Number of years = 5 years
Number of installments in a year (m) = 12
Monthly payments (A) = ?
PV = A<u>(1 - (1 + r/m)-nm</u>)
r/m
$57,500 = A<u>(1 - (1 + 0.059/12)</u>-5x12
0.059/12
$57,500 = A<u>(1 - (1 + 0.004916666667)</u>-60
0.004916666667
$57,500 = A<u>(1 - (1.004916666667)</u>-60
0.004916666667
$57,500 = A<u>(1 - 0.745069959)</u>
0.004916666667
$57,500 = A(51.85017778)
<u>$57,500 </u> = A
51.85017778
A = $1,108.96 per month
Explanation:
In this case, we need to apply the formula for present value of an ordinary annuity on the assumption that payment is made on monthly basis. The present value, interest rate (APR), number of years and number of installments in a year were provided in the question with the exception of monthly payment. Thus, the monthly payment becomes the subject of the formula.
Answer:
Present value of the cash flow are 2,658 dollars.
Explanation:
We can get the present value by simply multiplying the yearly dicount rate with yearly cash flows.
The discount factor of year 1 = (1+9%)^-1 = 0.197 -A
So PV of years 1 cash flow = A*815 = 748
The discount factor of year 1 = (1+9%)^-2 = 0.842 -B
So PV of years 1 cash flow = A*990 = 833
The discount factor of year 1 = (1+9%)^-3 = 0.772 -C
So PV of years 1 cash flow = A*0 = 0
The discount factor of year 1 = (1+9%)^-4 = 0.708 -D
So PV of years 1 cash flow = A*1,529 = 1,077
By adding all above calculated cashflows PV we get 2658.
Health is the measure of our body's overall efficiency and well-being. The health triangle is a tool that can be used to examine the different aspects of health. The three areas of the health triangle are the physical, mental and social health. The physical health refers to the body's efficiency to function. It can be improved with regular exercise and a healthy and balanced nutrition. The mental health is the term that describes how we think, feel and cope with events in our life. A way to improve our mental health is to accomplish better stress management. Finally, the social health deals with the way we react to people within our environment. One way of improving our social health is to focus on building sincere and solid relationships and invest on our friendships.
Answer:
a. less than $350
Explanation:
Since Randall needs lots of practice to earn his share of the band’s profit, which will amount to $350.
Gretchen gets distracted by Randall’s trumpet playing but she needs to get her writing done to earn $570 for her current article.
If Randall owns the right to play his music and Gretchen needs to hire a lawyer to help her reach an agreement with Randall, then the price that Gretchen is willing to pay the lawyer will be less than $350
<u>The reason for the price being less than $350 is based on the simple logic that Gretchen could as well pay Randall his share of the band’s profit, which will amount to $350, for him to stop disturbing her while she writes, than to pay a lawyer that amount and still spend extra time engaging the lawyer.</u>
Answer: Who is my client?
Explanation:
To identify the target market, you need to define who your target audience is, i.e. target clients. Who are they and under which market segment they are located; market segmentation is important to be able to streamline or divide the audience into identifiable groups based on predetermined criteria.
So also you need to answer the question where you can find them? So you know how to penetrate the market
What are their tastes and preferences apart from your products, among other questions that will enable you achieve your market goals.
For Example as a bakery, you have to know what kind of bread the people want, the flavors of cakes they love, additional pastries that can be added to the menu.
