The present value is $450,000, and we have 4% annual interest over 10 years. Since we are looking at monthly payments, we further divide the 10 years into 120 months. The monthly interest is calculated as:
(1.04) = (1+i)^12
i = 0.003274
Then using the formula for periodic payments:
PP = PV*i*(1+i)^n / [(1+i)^n - 1]
PP = (450,000)*0.03274*(1.03274)^120 / (1.03274^120 - 1)
PP = $4540.75
Therefore, the monthly payment is $4,540.75.
Answer:
The correct answer is option A.
Explanation:
The statement given above says that bond prices vary inversely with changes in market interest rate. It means that there is an inverse relationship between bond prices and the market interest rate.
In other words, when the market interest rate falls, the bond prices will rise and when there is an increase in market interest rate, the bond prices will fall. The bond price and market rate of interest are negatively related.
Answer: After acquired property
Explanation: The concept of after acquired property refers to personal belongings or properties purchased by an individual who has secured a loan such as mortgage and penned a security agreement that secures the debt with all of his properties.
The after acquired property is manifested in the context above, Eduardo must have penned a security agreement nn other to secure the $50,000 loan from the National Bank, and therefore his real and personal properties such as his 10 year old van, including properties purchased after penning the security agreement such as the Just purchased greenhouse automatically becomes a collateral for his debt.
Answer:
mazie and yoshiko are the answers.
Explanation:
edgunuity
Answer:
The correct answer is A
Explanation:
Marginal product is the term which is defined as the change in the output which results from employing a unit of the specific input.
For example, The change in the output of labor when the labor increase from four to five.
So, MPL (Marginal Product of Labor), is defined or described as the change or variation in output consequence from employing an additional or extra unit of labor.
Therefore, the MPL is the additional or change in sales revenue which results from one more pr additional worker or labor is hired.