Maybe talk about how you're life has been, or what you struggle with and wish to move on from it. Be creative ideas are endless! Or base it on a topic about your life. For example, if you've ever gotten bullied talk about how you felt through that time.
Answer:
d) $3,920
Explanation:
The computation of the borrowed amount is shown below:
= Beginning cash balance + expected cash receipts - expected cash disbursements - minimum monthly cash balance
= $5,480 + $56,200 - $60,600 - $5,000
= $3,920
We easily add to the starting cash balance the estimated cash receipts and deducted the expected cash disbursements and the minimum monthly cash balance, in order to get the correct value
Answer:
a) 175,437.77
b)
![\left[\begin{array}{ccccc}Year&Beg Principal&Interest&Installment&Ending\\1&175437.77&15789.4&-24500&166727.17\\2&166727.17&15005.45&-24500&157232.62\\3&157232.62&14150.94&-24500&146883.56\\4&146883.56&13219.52&-24500&135603.08\\5&135603.08&12204.28&-24500&123307.36\\6&123307.36&11097.66&-24500&109905.02\\7&109905.02&9891.45&-24500&95296.47\\8&95296.47&8576.68&-24500&79373.15\\9&79373.15&7143.58&-24500&62016.73\\10&62016.73&5581.51&-24500&43098.24\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7DYear%26Beg%20Principal%26Interest%26Installment%26Ending%5C%5C1%26175437.77%2615789.4%26-24500%26166727.17%5C%5C2%26166727.17%2615005.45%26-24500%26157232.62%5C%5C3%26157232.62%2614150.94%26-24500%26146883.56%5C%5C4%26146883.56%2613219.52%26-24500%26135603.08%5C%5C5%26135603.08%2612204.28%26-24500%26123307.36%5C%5C6%26123307.36%2611097.66%26-24500%26109905.02%5C%5C7%26109905.02%269891.45%26-24500%2695296.47%5C%5C8%2695296.47%268576.68%26-24500%2679373.15%5C%5C9%2679373.15%267143.58%26-24500%2662016.73%5C%5C10%2662016.73%265581.51%26-24500%2643098.24%5C%5C%5Cend%7Barray%7D%5Cright%5D)
![\left[\begin{array}{ccccc}11&43098.24&3878.84&-24500&22477.08\\12&22477.08&2022.94&-24500&0.02\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7D11%2643098.24%263878.84%26-24500%2622477.08%5C%5C12%2622477.08%262022.94%26-24500%260.02%5C%5C%5Cend%7Barray%7D%5Cright%5D)
(I split into two arrays as I couldn't put the entire information into one)
c) because of the time value of money the principal generates interest over time making the installment pay up both concept principal and interest.
d) they decrease as the principal decreases over time as the lease payment exceeds the interest accrued over the year.
Explanation:
a) it will record at the present value of the lease payment annuity
C 24,500
time 12
rate 0.09
PV $175,437.7693
b)
we build the table starting withthe beginning lease value
calcualte the interest accrued over the year and subtract the lease payment
this makes a new balance of the loan principal which start the process again until it is fully paid.