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2 years ago

If you had a bank account, which two methods of completing transactions do you think you would use most frequently? Why?

1 answer:

8 0

First, I would prefer ATM transactions as this allows me to access cash is faster than over the counter transactions and it can be done any time of the day. Second, I would also prefer to use online banking because this is a very quick way to transfer money from my account to another's without having to queue up to deposit.

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You are considering two mutually exclusive projects. Both projects have an initial cost of $52,000. Project A produces cash infl

ivolga24 [154]

Answer:

b) Project A because it has the larger NPV

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Project A

Cash flow in year 0 = $-52,000

Cash flow in year 1= $25,300,

Cash flow in year 2 = $37100

Cash flow in year 3= $22,000

I = 14.2

NPV = $13,372.95

Project B

Cash flow in year 0 = $-52,000

Cash flow in year 1= $43,600

Cash flow in year 2 =, $19,800

Cash flow in year 3= $10,400

I = 13.9

NPV = $8,579.62

The NPV of project A is larger than that of project B, so, project A is more suitable

3 0

3 years ago

You need a loan of â€‹$140,000 to buy a home. Calculate your monthly payments and total closing costs for each choice below. Bri

nadezda [96]

Answer:

Monthly Payment for Choice 1=$665.16
Monthly Payment for Choice 2=$627.10
Total Closing Cost for Choice 1=$241557.60
Total Closing Cost for Choice 2=$233456
(A)Choice 1 be the better choice the monthly payment is higher.
(D)Choice 2 be the better choice because the monthly payment is lower.

Explanation:

Amount of Loan needed = $140,000

A point is an optional fee which helps you get a lower interest rate on your loan.
Closing costs are the fees you pay when obtaining your loan.

<u>Choice 1</u>

30-year fixed rate at 4% with closing costs of $2100 and no points.

Monthly Payment

P=$140,000

Monthly Rate=4% ÷ 12=0.04 ÷ 12=0.0033

n=12 X 30 =360

$=\dfrac{Pr(1+r)^n}{(1+r)^n-1}$

$=\dfrac{140000X0.0033(1+0.0033)^{360}}{(1+0.0033)^{360}-1}\\=\dfrac{462(1.0033)^{360}}{(1.0033)^{360}-1}\\=\$665.16$

Monthly Payment=$665.16

Total Closing Cost =(665.16 X 360)+2100=$241557.60

<u>Choice 2</u>

30-year fixed rate at 3.5% with closing costs of $2100 and 4 points.

Monthly Payment

P=$140,000

Monthly Rate=3.5% ÷ 12=0.035 ÷ 12=0.0029

n=12 X 30 =360

$=\dfrac{Pr(1+r)^n}{(1+r)^n-1}$

$=\dfrac{140000X0.0029(1+0.0029)^{360}}{(1+0.0029)^{360}-1}\\=\dfrac{406(1.0029)^{360}}{(1.0029)^{360}-1}\\=\$627.10$

Monthly Payment=$627.10

Total Closing Cost =(627.10 X 360)+2100+(4% of 140000)=$233456

4 0

3 years ago

Congressman Smith and Congresswoman Johnson both consider themselves advocates for the national parks and are introducing differ

Hunter-Best [27]

Answer:

Congressman Smith's bill because it will reduce the overuse of the parks

Explanation:

When people use the park, their activities are more likely to create some sort of degradation to the parks quality. For example, children can spoil their drinks and foods there, pulling out the grass, destroying the land while playing sports, etc.

As the price of a certain product increase, the demand for that product would decrease. Increasing the entrance fees will lead lesser amount of people who enter the park. This will minimize the degradation process

6 0

3 years ago

) In April of 2019, Mike acquired a machine for $30,000 to use in his business. It is the only plant asset he purchased this yea

yan [13]

Answer:

Option $6,000

Explanation:

Data provided in the question:

Cost of the machine acquired = $30,000

Classified useful life = 5 years property

Now,

The MARCS rate for 5 years property, the depreciation rate is 20%

Therefore,

The depreciation for the year 2019 will be

= 20% of the Cost of the machine acquired

= 0.20 × $30,000

= $6,000

Hence,

Option $6,000

7 0

3 years ago

यासकी-चान को अपने बेड़ पर चढ़ाने के लिए तोत्तो-चान ने अथक प्रयास

Fittoniya [83]

उत्तर

यासाकी चान

दृढ़निश्चयी था और एक मेहनती कार्यकर्ता था।

4 0

3 years ago