Answer:
= $212.61 per month
Explanation:
When a loan is to be paid over a period of time using a series of periodic equal installments, it is called loan amortization. Each equal installment is meant to liquidate the principal and the accrued interest.
<em>The amount to be financed by way of loan=</em>
= cost of machine - (20%× cost of machine)
= $12,500 - (20% × $12,500 )
= $10,000
The monthly equal installment is calculated as follows:
<em>Monthly equal installment-= Loan amount/Monthly annuity factor</em>
<em>Monthly annuity factor </em>
<em>=( 1-(1+r)^(-n))/r</em>
Monthly interest rate (r)
= 1%/12= 0.0833%
Number of months ( n) in 4 years
= 12* 12 = 144
Annuity factor
= ( 1- (1.000833)^(-12×4)/0.000833
= 47.033
Monthly installment = $10,000/47.03
= $212.61 per month
Answer:
E) None of the above.
Explanation:
All the strategies described here are common among Investors.
For instance, A market-neutral strategy refers to an investment strategy deployed by an investment manager or investor that is focused on profiting from both bearish and bullish trends of one or more markets, while avoiding risks.
Cheers!
Answer:
D. He will have a tough time finding a job that fits his interests.
Explanation:
The other answers require a sense of self-awareness.
Answer:
c. Emphasis on ethics
Explanation:
Sean has been tasked with developing a ethical mission statement with a view of reassuring customers on predatory lending practices.
This is a renewed emphasis on the ethics of the company and by so doing it will reassure the company is aware of the ethical practice in this regard and that they are pledging to act ethically.
Ethics is defined as the process of systemising and recommending concepts of right and wrong. It is also called moral philosophy.