1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
guajiro [1.7K]
3 years ago
7

Show what you need for each of your calculator keys when computing your answer.

Business
1 answer:
ddd [48]3 years ago
3 0

Answer:

           \large\boxed{\large\boxed{\$10,470.57}}

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]

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]

      \$200=Loan\times 0.01910116

     Loan=\$200/0.01910116=\$10,470.57

You might be interested in
You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial paym
vovikov84 [41]

Answer:

PV= $450,909.1

Explanation:

Giving the following information:

Cash flow (Cf)= $24,800

Growth rate (g)= 3.5%

Discount rate (i)= 9%

<u />

<u>To calculate the present value, we need to use the following formula:</u>

PV= Cf / (i - g)

PV= 24,800 / (0.09 - 0.035)

PV= 24,800 / 0.055

PV= $450,909.1

6 0
3 years ago
The Demand Curve is a line that is
Levart [38]

Answer:

A. At high prices, people want a small quantity. At low

Explanation:

7 0
2 years ago
Which of the following is NOT one of the four characteristics of IPOs that puzzle financial economists? Select one: a. The long-
Serhud [2]

Answer:

A

Explanation:

IPO , a synonym for initial public offering is a process of offering to the public new stock issuance through an underwriter.

IPO comes with a lot of benefit , nevertheless financial economist  have some concern about it .

Of all the options given in the question , the long run of a new public company , (three to five years from the date of issue) being superior to the overall market returns is the only exception

7 0
3 years ago
The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame parts and electrical compone
Deffense [45]

Answer:

Explanation:

a) x1 = number of unit product 1 to produce , and

x2 number of unit product 2 to produce

A linear program that will maximize world light profit is the following

maximize x_1+2x_2 subject to x_1+3x_2\leq 200

2x_1+2x_2\leq 300\\\\x_2\leq 60\\\\x_1\geq 0\\\\x_2\geq 0

Unit 1 is used both in products in 1 : 3 ratio which can be a maximum of 200 unit 2 is used in 2 : 2 ratio which can be maximum of 300

So, this can be written as the inequations

Profit functio is p = 0ne dollar on product A and two dollar on product B

= x + 2y

Now , we find a feasible area whose extremeties will give the maximum profit for, the  graph is ( see attached file )

So on the graph, we can get the other extremeties of the shaded regional so which will not give maximum profit ,

Thus , the maximum possible profit is

p = ($1 * 125) + ($2 * 25)

= $175

4 0
3 years ago
The journal entry to issue​ $600 of direct materials and​ $30 of indirect materials to production involves​ debit(s) to the​ ___
zmey [24]

The journal entry to issue​ $600 of direct materials and​ $30 of indirect materials to production involves​ debit(s) to the​ B. ​work-in-process inventory account for​ $600 and manufacturing overhead account for​ $30.


Work-in-process inventory refers to a company's goods that are waiting to be finished and completed. While these goods wait to be finished, they are waiting their overall value they are given as well. Manufacturing overhead refers to the items that are used for manufacturing. Everyting that has to take place and be paid for manufacturing to take place.

7 0
3 years ago
Other questions:
  • Imagine you are a Starbucks executive traveling to China from the company’s U.S. headquarters. You are going to Beijing to negot
    10·1 answer
  • What do you feel is the key to understanding debt
    14·1 answer
  • The following events result in a tax. Which is an example of a direct tax?
    14·1 answer
  • The measure of how quickly an investment can be converted into cash is known as
    13·1 answer
  • A company that makes organic fertilizer has supplied the following data: Bags produced and sold 200,000 Sales revenue $ 1,560,00
    13·1 answer
  • Define job rotation​
    8·2 answers
  • GL Inc., a firm facing the threat of bankruptcy, did not want to be acquired by Red Phoenix Inc. because it would make drastic c
    14·1 answer
  • If total spending rises from one year to the next, then which of the following could not be true?A. the economy is producing a l
    12·1 answer
  • Coronado Industries is planning to sell 750000 units for $1.50 per unit. The contribution margin ratio is 20%. If Coronado will
    7·1 answer
  • Which category of inventory holding costs has a much higher percentage than average for rapid-change industries such as PCs and
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!