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KonstantinChe [14]
3 years ago
8

Suppose you borrow $10,000 right now to start a business. If the terms of the loan require you to pay back $16,000 in 5 years, w

hat is the implied annual compound interest rate
Business
1 answer:
Alexxandr [17]3 years ago
8 0

Answer:

r = 9.86%

Explanation:

The formula for calculating the future value of an invested amount yielding a compound interest is given by:

FV=PV(1+\frac{r}{n})^{nt}

where:

FV = future value = $16,000

PV = present value = $10,000

r = interest rate = ?

n = number of compounding period per year = 1

t = time in years = 5

∴ 16000=10000(1+\frac{r}{1})^{5}

dividing both sides by 10,000

\frac{16000}{10000} =\frac{10000(1+\frac{r}{1})^{5}}{10000}

1.6 = (1 + r)^{5}

to remove the power of 5, we have to take the 5th root of both sides:

(1.6)^{1/5} = (1 + r )^{5 * 1/5}

Using your calculator:

1.09856 = 1 + r

∴ r = 1.09856 - 1 = 0.09856

r = 0.0986 = 9.86%

∴ r = 9.86%

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The U.S. unemployment rate moves up and down as the economy moves in and out of recessions. But over time, the unemployment rate
crimeas [40]

Answer:

c.4%

Explanation:

Based on the information provided within the question it can be said that the unemployment rate fluctuates but over time, always returns to a range of around 4%. Throughout history in the United States of America the unemployment rate has gone up and down with the times but always returns to normal. This normality is usually 3.9% with the lowest lately having been 3.6% in September of 2019.

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The Harleysville Manufacturing Shop produces motorcycle parts. Typically, 10 pieces out of a job lot of 1,000 parts are spoiled.
Murrr4er [49]

Answer:

B

Materials Control $ 250

Manufacturing Overhead Control $1,000

              Work-in-Process Control $1,250

Explanation:

spoilage rate: 10/1000 = 0.01=1%

the job requires 2,500 goods parts

total part required (considering spoilage)

\frac{requirement}{1-spolage} =$total needs

2,500 /(1-0.01) = 2500/ 0.99 = 2525.2525 = 2525

2525-2500 = 25 spoilage part

<u>Note:</u>

in this case you may think you can simple do 2,500 x 0.01

But if the spoilage rate is high or the amount of high is, then you will have an answer different than the correct method. Stick to the formula given.

25 part x 50 = 1,250

From the work in process, we will subtract this value, we will increase the spoilage materials inventory and charge the diference as actual overhead.

b.

Materials Control $ 250

Manufacturing Overhead Control $1,000

              Work-in-Process Control $1,250

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Food handlers must remove all objects on their hands and wrist except
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Except for gloves any other object can transfer bacteria.
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how might a recent college graduate's investment portfolio differ from someone who is nearing retirement?​
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A recent college graduate's investment portfolio will differ from someone who is nearing retirement due to the length of time someone who is at the end of their career has had to invest whereas someone who is a recent college graduate hasn't had the time/money to invest

Explanation:

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What does it mean to do time analysis which is one of the principles referred to ?
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