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natita [175]
3 years ago
12

Your company has just taken out a 1-year installment loan for $82,500 at a nominal rate of 12.0% but with equal end-of-month pay

ments. What percentage of the 2nd monthly payment will go toward the repayment of principal?
Business
1 answer:
Bas_tet [7]3 years ago
6 0

Answer:

89.63% of 2nd month payment will go towards the payment of principal.

Explanation:

Loan Payament per month = r ( PV ) / 1 - ( 1 + r )^-n

r = rate per period = 12% per year = 1% per month

n = number months = 12 months

PV =  present value of all payments = $82,500

P = payment per month = ?

P = 1% ( $82,500 ) / 1 - ( 1 + 1% )^-12

P = $7,330 per month

Month Payments Principal Interest Balance

1                 -7330              -6505     -825       75995

2                -7330              -6570      -760      69,425

Percentage of Principal Payment  = Principal payment / totla monthly payment = $6,570 / $7,330 = 0.8963 = 89.63%

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Geert Hofstede defines _____ as that component of our mental programming which we share with more of our compatriots as opposed
mylen [45]

Answer:

National Culture.

Explanation:

National Culture can be understood as a belief, customs, and traditions that are shared among the people of a sovereign nation. This may also include religious backgrounds and traditions, language and racial identity of the individuals. According to Geert Hofstede, National culture is very important while dealing with various cultural issues and processes. Therefore, he has identified national culture as the component of our mental programming, which we share with other citizens around the world. National culture acts as an identity proof as per one's nationality.

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In NIMS, resource inventorying refers to preparedness activities conducted _________ (of) incident response.
liubo4ka [24]

Answer:

The correct answer is a) outside

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3 years ago
A $10,000 face value treasury bond is quoted at a price of 102.311 with a current yield of 4.28 percent. what is the coupon rate
nataly862011 [7]

The coupon rate is 4.37 %.

Explanation:

The current yield formula can be used to determine the coupon payment which would thereafter be used to compute coupon rate as required:

current yield = coupon payment/current market price

current yield=4.28%

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current market price=102.311 % *$10,000

current market price=$102.311

4.28%=coupon payment /$ 102.311

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To know more about coupon rate visit :

brainly.com/question/16913107

#SPJ4

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