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Sidana [21]
3 years ago
10

Find the monthly house payment necessary to amortize the following loan. In order to purchase a home, a family borrows $70,000 a

t 12% compunded monthly for 15 years. What is the monthly payment?
Business
1 answer:
enot [183]3 years ago
3 0

Answer:

Monthly payment is $840.12

Explanation:

we are given: $70000 which is the present value of the loan Pv

                       12% compounded monthly where the interest rate is adjusted to monthly where i = 12%/12

the period in which the loan will be repaid in 15years which contain 15x12 = 180 monthly payments which is n

we want to solve for C the monthly loan repayments on the formula for present value as we are looking for future periodic payments.

Pv = C[((1- (1+i)^-n)/i] thereafter we substitute the above mentioned values and soolve for C.

$70000= C[((1-(1+(12%/12))^-180))/(12%/12)] then compute the part that multiplies C in brackets and divide by it both sides.

$70000/83.32166399 = C  then you get the monthly loan repayments

C = $840.12 which is the monthly repayments of the $70000 loan.

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Four hospitals are located within a city at coordinate points P1=(10,20), P2=(14,12), P3=(8,4) and P4=(32,6). The hospitals are
Illusion [34]

Answer:

The coordinates of the location of the Blood bank = ( 20.7826, 9.73913 )

Explanation:

Coordinates of the Four(4) hospitals are

P1=(10,20),   P2=(14,12),   P3=(8,4) and   P4=(32,6)

Number of deliveries to be made each year for each hospital respectively:

450,   1200,    300, and 1500

conditions :

(i) if travel is rectilinear in the city

(ii) if travel is measured in Euclidean distance.

<u>Determine where the Blood bank is to located to minimize weighted distance travelled each year </u>

find the values of the below variables :

Total load of the Hospitals( ∑load ) = 450 + 1200 + 300 + 1500 = 3450

Lx = ∑x * load = ∑ 10*450 + -------- + 32*1500 = 71700

Ly = ∑y * load = ∑ 20*450 +--------- + 6*1500 = 33600

The coordinates of the Blood bank = [ ( Lx / ( ∑load ) ) ,  Ly /  ( ∑load ) ]

                                                          =[ (71700/3450) , (33600/3450) ]

Hence The coordinates of the  location of the Blood bank = ( 20.7826, 9.73913 )

6 0
2 years ago
In perfect competition, each additional unit of output that a firm sells will yield a marginal revenue that is:
il63 [147K]

Answer:

The correct answer is equal to price.

Explanation:

A perfectly competitive firm is a price taker. This is because of the large number of firms, no single firm is able to influence the price. So each firm faces a horizontal demand curve. This horizontal line shows demand, marginal revenue, and average revenue.  

The price level is determined at the point where the marginal cost is equal to price. The marginal revenue is always equal to price because the price is fixed at a point, each output level is supplied at the same price.

4 0
3 years ago
The Tree Top Airline​ (TTA) is a small​ feeder-freight line started with very limited capital to serve the independent petroleum
nikitadnepr [17]

Answer:

To make it feasible it will need to operate 7 or more planes.

Explanation:

450,000 maintenance facility

useful life of 15 year

salvage value of 100,000

<u>saving cost per plane:</u>

third party cost - own facility cost = cost savings

           35,000  -          25,000      =    10,000

present value of the salvage value: (present value of a lump sum)

\frac{salvage }{(1 + rate)^{time} } = PV  

salvage $ 100,000

time  15 years

Minimum accepter rate of return: 0.12000

\frac{100000}{(1 + 0.12)^{15} } = PV  

PV   18,269.6261

present worth of the facility:

450,000- 18,268.63 = 431,731.37

Now we determinate the PMT over a 15 years period to know the cost savings per year to justify the facility:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 431,731

time 15

rate 0.12

431731.37 \div \frac{1-(1+0.12)^{-15} }{0.12} = C\\

C  $ 63,388.630

As each plane cost savings are 10,000

63,388.62  / 10,000 = 6.39

the company will need to operate 7 or more planes.

3 0
3 years ago
What is meant by centralised direction
Alla [95]

Centralized direction explain why we often overestimate how well we can predict future actions of others.


I hope that's help:0

5 0
2 years ago
Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Agoria, a nation with a pure market
Marta_Voda [28]

Answer:

Two weaknesses as consultant can be identify: The economy experiences economic fluctuations, and people with no resources to sell could starve

Explanation:

In a pure market economy, the allocation of resources is based on purely the dynamics between supply and demand. If our economy is closed (there is no imports nor exports) and there is not different actors (such as government) and all trade goods are perfect (they are not public or semi-public goods), then the market will efficiently allocate all the resources. Nevertheless, this is not the case, and with an open economy and the existence of imperfections, any external impact will cause economic fluctuations, and those workers with no demandable offer will not be hired, and potentially will be out of the market.

3 0
3 years ago
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