Answer:
0.811% per month is the amximum rate it can affor
or 9.732% annual rate with monhly compounding.
Explanation:
We have to solve for the rate at which the monthly payment equals 900 dollars.
C 900.00
time 240
rate r
PV $95,000.0000
Given the complexity of the formula we solve using excel or a financial calcualtor
we write on a1 =PV(A2;240;95000)
on a2 we write any number between 0 and 1
then we use goal seek tool adn define that we want A1 to be 95,000 by changing A2 (which is the argument for rate)
the value of A2 after this is our answer:
PV $95,000.0000
Answer: $155,520
Explanation:
Pension Expense = Service Cost - Expected return on plan assets + Prior service cost amortization + Interest cost
Interest Cost
= Interest rate * Projected benefit obligation
= 0.09 * 728,000
= $65,520
Pension Expense = 110,000 - 30,000 + 10,000 + 65,520
= $155,520
Answer:
Hierarchy of hazard control is a system used in industry to minimize or eliminate exposure to hazards. It is a widely accepted system promoted by numerous safety organizations. This concept is taught to managers in industry, to be promoted as standard practice in the workplace.
Explanation:
five rungs of the Hierarchy of Controls: elimination, substitution, engineering controls, administrative controls and personal protective equipment. The hierarchy is arranged beginning with the most effective controls and proceeds to the least effective.