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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

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Using Excel, 40 applicants apply for 5 similar positions in a company. How many different ways can the candidates be hired?
Savatey [412]

40 choose 5 = 658,008

3 0
3 years ago
What is the function of the audio tools on the Format contextual tab?
Scorpion4ik [409]

Answer:

to determine how an audio file will appear on a slide.

Explanation:

Microsoft Excel is a software application or program designed and developed by Microsoft Inc., for analyzing and visualizing spreadsheet documents.

A spreadsheet can be defined as a file or document which comprises of cells in a tabulated format (rows and columns) typically used for formatting, arranging, analyzing, storing, calculating and sorting data on computer systems.

A contextual tab is a special tab that are usually hidden and would only appear when a particular object such as a shape, audio or chart is selected. It contains manipulating, editing and formatting commands that are specific to the object an end user is currently working on.

For example, a new Format tab would appear after adding an audio to a spreadsheet document.

Hence, the function of the audio tools on the Format contextual tab is to determine how an audio file will appear on a slide.

7 0
2 years ago
Your uncle is offering to sell you his T-shirt printing business for $1M. You think a multiple of 10X earnings (profit) is fair.
Archy [21]
No because it is to expensive and the modern outfits are changing relatively quickly
8 0
2 years ago
Barbara operates a sporting goods store. She uses the cash method and treats inventory as nonincidental supplies. At the beginni
hoa [83]

Answer:

$454,000

Explanation:

Ending inventory is the value of the inventory in the store at the end of the year.

Goods are purchased and added to the the beginning inventory, the sale for the period is deducted from it. the residual value is the value of ending Inventory.

In This question it is assumed that there is $26,000 of beginning inventory of the goods. $470,000 of the purchases were made and at the end of the year there was $42,000 balance of inventory.

We can calculate the deduction value as follow

Ending Inventory = Beginning Inventory + Purchases - deduction

$42000 = $26,000 + $470,000 - deduction

$42000 = $496,000 - deduction

Deduction = $496,000 - $42,000 = $454,000

5 0
3 years ago
7. Identifying costs of inflation Bob manages a grocery store in a country experiencing a high rate of inflation. He is paid in
stiks02 [169]

Answer:

Shoe-leather Costs.

Explanation:

In this scenario, Bob manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value.

What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the Shoes-leather costs of inflation.

A Shoe-leather costs refers to the costs of time, energy and effort people expend to mitigate the effect of high inflation on the depreciative purchasing power of money by frequently visiting depository financial institutions in order to minimize inflation tax they pay on holding cash.

Metaphorically, it ultimately implies that in order to protect the value of money or assets, some people wear out the sole of their shoes by going to financial institutions more frequently to make deposits.

Hence, Bob is practicing a shoe-leather cost of inflation so as to reduce the nominal interest rates.

5 0
3 years ago
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