Answer:
Explanation:
The monthly payment to pay a loan with constant rate is given by the formula:
![Payment=Loan\times \bigg[\dfrac{r(r+1)^t}{(r+1)^t-1}\bigg]](https://tex.z-dn.net/?f=Payment%3DLoan%5Ctimes%20%5Cbigg%5B%5Cdfrac%7Br%28r%2B1%29%5Et%7D%7B%28r%2B1%29%5Et-1%7D%5Cbigg%5D)
Where:
- r is the monthly compounded rate and it is equal to the APR (annual percentage rate) divided by 12: r = 5.5%/12 = 0.055/12
- t is the number of months: t = 60
Then, you can subsitute with the maximum payment to find the <em>maximun amount you can afford to borrow</em> (loan):
![\$200=Loan\times \bigg[\dfrac{(0.055/12)((0.055/12)+1)^{60}}{((0.055/12)-1)^{60}-1}\bigg]](https://tex.z-dn.net/?f=%5C%24200%3DLoan%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B%280.055%2F12%29%28%280.055%2F12%29%2B1%29%5E%7B60%7D%7D%7B%28%280.055%2F12%29-1%29%5E%7B60%7D-1%7D%5Cbigg%5D)
Answer:
A ranger is a person who takes care of a park or piece of land.
Explanation:
Is there a story or reading that you would like to request support with that concerns the word Ranger?
Answer:
A. The business cycle
Explanation:
A period of macroeconomic expansion followed by a period of macroeconomic contraction is known as a business cycle. Like the name suggests, a business cycle is a cycle of highs and lows in economic activities.
There are periods of expansion which is often characterized by economic growth, leading to creation of more jobs, robust middle class etc and contraction which is characterized by loss of jobs, shrinking middle class etc in a business cycle.
Other periods of a business cycle may include peak, trough etc.
Answer:
420 x 12 = 5,040
Explanation:
Because the estimated benefit is greater than the cost, the college administrators should undertake the beautification initiative.
Answer:
Nexium & Associates Journal entries
March 1
Dr Accounts Receivable800
Cr Service Revenue 800
March 9
Dr Office Furniture1,060
Cr Office Supplies 160
Cr Accounts Payable1,220
March 15
Dr Accounts Payable1,220
Cr Cash1,220
March 23
Dr Electricity Expense430
Cr Accounts Payable430
March 31
Dr Salaries Expense850
Cr Cash850
Explanation:
The details given about Nexium & Associates are straight forward and required no further
adjustment.
