1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ASHA 777 [7]
3 years ago
10

A loan of $32,000 is to be repaid by the sinking fund method with annual payments. Interest on the loan is paid at a 6% annual e

ffective rate of interest, and the sinking fund earns 4% annual effective interest. The total annual payments will be level at $3,300 until a final smaller annual payment suffices to pay off the loan. Find the amount of the final sinking fund deposit.
Business
1 answer:
Otrada [13]3 years ago
6 0

Answer:

The answer is $677.43

Explanation:

The file attached is a word document that explains the problem in details. Thank you and i hope it helps you

Download docx
You might be interested in
Late in the​ semester, a friend tells​ you, ​"I was going to drop my psychology course so I could concentrate on my other​ cours
NISA [10]

Answer:

Your friend is not reasoning correctly

Explanation:

I'd say, since he admit to putting so much time and effort into psychology, there's simply no need to drop the course. So therefore, your friend is incorrectly reasoning.  

6 0
3 years ago
Nabisco used a free-standing rack in the shape of a bus to promote its Ritz and other cracker products. The goal of the sales pr
blagie [28]

Answer:

point-of-purchase display              

Explanation:

Point-of-purchase display: The term "point-of-purchase display" is also denoted as "POP display" is described as one of the different marketing materials or advertising that is being placed next to any merchandise that it has been promoting. However, these items are being generally located or present in any checkout area or some other location whereby that specific purchase decision is being made.

In the question above, the given type of sales promotion is referred to as a point-of-purchase display.

8 0
3 years ago
How old can you be to get your license?<br>A) 16<br>B) 18<br>C) 19 ​
jekas [21]

Answer: 18

Explanation: Legal age to drive

7 0
3 years ago
Read 2 more answers
Green Company purchases a truck for $30,000 on the first day of the year. Green Company uses straight-line depreciation and esti
SpyIntel [72]

Answer:

$5,000

Explanation:

The depreciation by Green Company in respect of truck for the first year of operations shall be calculated using the following mentioned formula;

Depreciation for the year=  (Cost of asset-Residual value)/useful life

Cost of asset=$30,000

Residual value=$5,000

useful life=5

Depreciation for the year=($30,000-$5,000)/5=$5,000

6 0
3 years ago
Format of a presentation essay <br>​
egoroff_w [7]
Introduction
main body of presentation should include for/against if applicable and an evaluation of the points raised
a conclusion
8 0
2 years ago
Other questions:
  • Kelly and Tim Browne plan to refinance their mortgage to obtain a lower interest rate. The Browns will reduce their mortgage pay
    10·1 answer
  • Other administrative workers play key roles in the success of a human services organization. They are the ones who write _____ t
    5·2 answers
  • Taxpayers have a choice of deducting the standard deduction or their itemized deductions. Therefore, ________ AGI deductions are
    11·1 answer
  • Could somebody help me?
    11·1 answer
  • Prepaid Rent. On September 1 of the current year, the company prepaid $44,400 for two years of rent for facilities being occupie
    10·1 answer
  • Imagine that you are working at a clothing or grocery store, and answer the questions below about inventory and merchandising fo
    15·1 answer
  • Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 3.7 pound
    12·1 answer
  • Decision-Making Styles. When making decisions, individuals often display a personal style that reflects how they perceive what i
    5·1 answer
  • Latvia and Estonia are two countries. Assume that currently there is no trade between them. Each country has 100 units of labor.
    13·1 answer
  • Which figure (amount) should be larger?<br> A. Expenses<br> B. income<br> C. Extras<br> D. Needs
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!