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
scoundrel [369]
3 years ago
15

Prepare an amortization schedule for a three-year loan of $63,000. The interest rate is 10 percent per year, and the loan calls

for equal annual payments. How much total interest is paid over the life of the loan?
Business
2 answers:
Vladimir [108]3 years ago
4 0

Answer:

1. $104.854

2. $274.854

Kobotan [32]3 years ago
3 0
Present value, P=63000interest rate, i = 10% compounded annuallyNumber of periods, n = 3 years
For equal payments, A=\frac{P(i*(1+i)^n)}{(1+i)^n-1}=\frac{63000(0.10*(1+0.10)^3)}{(1+0.10)^3-1}
=25333.23    per annual payment to the nearest cent
You might be interested in
Jerome Jones delivers pizza for Papa’s Pizza. He earns $7.80 an hour plus time-and-a-half for every hour over 40. Last week he w
Serga [27]

His net pay is $328.16.

The first step is to calculate Jerome’s salary.

Regular time - 40 x $7.80 = $312

Overtime - 5 x $7.80 x 1.5 = $58.50

Total Salary = $312 + 58.50 = $370.50

The next step is to calculate the deductions:

Social security = 370.50 x .062 = $22.97

Medicare = 370.50 x .0145 = $5.37

Federal Income Tax = $14

Total Deductions = 22.97 + 5.37 + 14 = $42.34

$370.50 - $42.34 = $328.16

8 0
3 years ago
Please do your best. 75% of my grade
jeyben [28]

Answer:

Question 5 is rent

Question 6 is utilities

3 0
3 years ago
The mangerial act of developing, implementing, and controlling marketing programs is called ___________.
Charra [1.4K]

Answer: The correct answer is "the marketing management process".

Explanation: The mangerial act of developing, implementing, and controlling marketing programs is called the marketing management process.

The marketing process consists in analyzing the opportunities that the market offers us, researching and selecting the appropriate niches and designing and planning strategies.

The general marketing process in any company includes all the phases that it goes through until a marketing strategy is implemented, executed and evaluated, analyzing it from practically the moment it is born and it is just a simple idea.

8 0
4 years ago
Directions: After reading the texts, choose the best answer for the multiple-choice questions below and respond to
creativ13 [48]

Answer:

Their study of data from the Gallup-Healthways Well-Being Index found that while “life evaluations rise steadily with income,” emotional well-being drops off at about $75,000 a year. Beyond $75,000, money is important for life evaluation but does nothing for happiness, enjoyment, sadness, or stress.

Explanation:

6 0
3 years ago
Read 2 more answers
Demand curves slope___ because as prices increase and other things remain
GenaCL600 [577]
I think the answer is Downwards;increases
8 0
3 years ago
Other questions:
  • John,a supervisor at the local factory, receives frequent requests from workers on how to fix the machine they use.What should J
    13·2 answers
  • You are looking for ways to pay for your higher education costs. Which of the following options will require you to pay back any
    8·2 answers
  • Describe what happens in each stage of a groups development according to tuckmans five-stage model. what are the leadership requ
    10·1 answer
  • Difference between honors and regular classes
    14·2 answers
  • Which of the following is​ (are) responsible for managing the money supply in the United​ States? A. the Federal Open Market Com
    7·1 answer
  • You just got hired as a quality intern for a small startup making 3D printers. Each printer uses a number of small motors and on
    9·1 answer
  • Meat Puppets Company purchased equipment for $7,200 on December 1. It is estimated that annual depreciation on the equipment wil
    6·1 answer
  • 22.On January 1, 2021, Amazon purchased a $64,000 office equipment and expected its useful economic life of 5 years. At the end
    5·1 answer
  • How to get a refund on Brainly
    7·2 answers
  • Employees feel that Sheryl ___________________ because she is direct and truthful about what they need to do and how they can im
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!