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
Lemur [1.5K]
3 years ago
10

You estimate that you will owe $40,200 in student loans by the time you graduate. If you want to have this debt paid in full wit

hin 10 years, how much must you pay each month if the interest rate is 4.35 percent, compounded monthly
Business
1 answer:
Verizon [17]3 years ago
6 0

Answer:

$413.73

Explanation:

The amount that i will pay per month for the period of 10 years in order to paid the debt of the $40,200 shall be determined through the present value of annuity formula which is given as follows:

Amount borrowed by me=present value of annuity=R[(1-(1+i)^-n)/i}

In the given question

Amount borrowed by me=present value of annuity=$40,200

R=amount to be paid per month

i=interest rate compounded monthly=4.35/12=0.3625%

n=number of payments involved=10*12=120

Amount borrowed by me=present value of annuity=R[(1-(1+i)^-n)/i]

$40,200=R[(1-(1+0.3625%)^-120)/0.3625%]

R=$413.73

             

You might be interested in
What is the double meaning in atticus' statement that "this case is as simple as black and white"?
son4ous [18]
<span>he means that it is as simple as black people being subordinate to white people



i hope this helps you
</span><span />
6 0
3 years ago
During a certain year, the nominal interest rate was 7 percent, the real interest rate was 4 percent, and the CPI was 198.3 at t
Dima020 [189]

Answer:

CPI at the beginning of the year = 192.52

Explanation:

given data

nominal interest rate = 7 percent

real interest rate = 4 percent

CPI = 198.3

to find out

CPI at the beginning of the year

solution

we know that according to fisher equation

1 + r = \frac{1+n}{1+i}    ....................1

and for smaller values is equivalent to r

r = n - i           .....................2

here r is real interest rate and n is nominal interest rate and i is inflation rate

so from equation 2

4 = 7 - inflation rate

inflation rate = 3 percent

so

Rate of inflation = (CPI at the end of the year - CPI at the beginning of the year) × 100 ÷ CPI at the beginning of the year

put here value

3% = (198.3 - CPI at the beginning of the year) × 100 ÷  CPI at the beginning of the year

CPI at the beginning of the year = \frac{19830}{103}

CPI at the beginning of the year = 192.52

7 0
3 years ago
Tim Cook is described as delegating responsibilities to others, empowering them, and sharing the limelight with his leadership t
hram777 [196]

Answer: respect for employees

Explanation:

The options to the question are:

a. integrity

b. respect for employees

c. emotional intelligence

d. placing culture above individual

Transformational leadership is a form of leadership whereby the leaders motivate, inspire and encourage the employees in order to achieve organizational goals and make the firm successful.

From the question, we are informed that Tim Cook is described as delegating responsibilities to others, empowering them, and sharing the limelight with his leadership team. The aspect of transformational leadership that this suggest is respect for employees.

4 0
4 years ago
Downward influence is best achieved through
jonny [76]

Answer:

C- an inspiring vision

Explanation:

Downward influence is the ability to influence employees lower than you. This is best achieved through an inspiring vision. By articulating a clear vision, you help people see the end goal and move toward it. You often don’t need to specify exactly what needs to be done to get there—people will be able to figure it out on their own. An inspiring vision builds buy-in and gets people moving in the same direction.

7 0
4 years ago
You are a Marketing Director for a cruise line. Which operates Luxurious Ships, with excellent service and cuisine, how would yo
netineya [11]

One can identify the most promising distributors by:

  • Looking at their credit history and others to check their Financial stability Also examine their size in terms of outside and inside sales power, selling skills, competence and others to know their Sales and marketing strength.
  • Evaluate their past sales history in terms of same or similar cuisines to know their Sales performance and then rate them in their order of importance,

<h3>How do one evaluate Potential Distributors?</h3>

This is done by;

  • Lookin for their Financial stability through credit history, being timely in payments, and others.
  • Looking their Sales and marketing capabilities.
  • Looking at their service delivery and Sales performance.

Note that One can identify the most promising distributors by checking their credit history and examine of all their past sales history to be able to tell their Sales performance.

Learn more about  Marketing Director from

brainly.com/question/14351794

#SPJ1

3 0
2 years ago
Other questions:
  • True or false All 50 states have approved charter school.
    9·2 answers
  • Suppose a country has a consumption tax that is similar to a state sales tax. If its government were to eliminate the consumptio
    5·1 answer
  • Which of the following will be accomplished by efficient allocations of the factors of production
    11·2 answers
  • Suppose the reserve requirement is 10%.
    5·1 answer
  • Which of the following is NOT a benefit of using direct deposit for your paycheck or state/federal benefits?
    6·1 answer
  • What is Average cost
    8·1 answer
  • Company A produces paper and sells it to Company B for a total of $183. Company B uses the paper to make books and then sells th
    6·1 answer
  • The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processin
    15·1 answer
  • Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone
    13·1 answer
  • Please, help, I will award brainliest!
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!