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3 years ago

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 maximun amount you can afford to borrow (loan):

$\$200=Loan\times \bigg[\dfrac{(0.055/12)((0.055/12)+1)^{60}}{((0.055/12)-1)^{60}-1}\bigg]$

$\$200=Loan\times 0.01910116$

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

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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%

To calculate the present value, we need to use the following formula:

PV= Cf / (i - g)

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Answer:

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3 years ago

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Answer:

Explanation:

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= x + 2y

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The journal entry to issue $600 of direct materials and $30 of indirect materials to production involves debit(s) to the ___

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