Answer:
each payment will for 4,320.60 dollars
Explanation:
First, we will calculate the future value of the 30,000 two years from now
then we calcaualtethe annuity present value of this to know the student payment
timeline:
<---//----/-/-/-/-/-/-/-/-/-/-/->
loan student payments
the loan futre value will be:
30,000 x 1.06^{2} = 33708
Now we calculate an annuity-due which 10 payment being made at 6% discount rate
This will be an annuity-due because today we are receiving the loan and in excatly 2 years form now we will start the payment so it will be at the beginning of the period
Annuity-due formula
PV $33,708.00
time 10 years
rate 0.06 discount rate
PTM = $ 4,320.601
Answer:
The most likely way to be used by Scarlett during the initial selection stage to check if an applicant meets the basic qualifications for a job is:
Application form
Explanation:
Application Form:
It is such a form that is required by the employer in which the personal contact information, qualification and work experience are asked from the employee.
- Application forms are used in pre-screening phase of recruitment so that the employer can get the potential candidates for a job.
- These forms can also the employer to check whether that person is passionate for the job or not.
Answer: In Africa and the Middle East, in the world the country with the lowest literacy rates is Niger.
Explanation:
The literacy rate is the percentage of people in a region or country who can read or write. To obtain this data in a more precise way, the age, gender, the ethnic and cultural origin of the people are taken into consideration.
In the world, the countries with the lowest literacy rate are in Africa and the Middle East, and the people most likely to be uneducated in the world are women.
The countries with the lowest literacy rate are Niger, South Sudan, Guinea, and Burkina Faso. In Asia, the two countries with the lowest literacy rate are Afghanistan and Iraq.
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Answer:
13.96%
Explanation:
Internal rate of return (IRR) is the interest rate at which net present value of all cash flows becomes zero. It measure the profitability of the investment.
IRR of Current Project
Year 0 1 2 3
Cash flows -$3,000 $1,200 $1,300 $1,400
Net Present Value at 10% = [ ( -30,000 x (1 + 10%)^-0 ) + ( 1,200 x (1 + 10%)^-1 ) + ( 1,200 x (1 + 10%)^-2 ) + ( 1,400 x (1 + 10%)^-3 ) ] = $197.39
Net Present Value at 12% = [ ( -30,000 x (1 + 12%)^-0 ) + ( 1,200 x (1 + 12%)^-1 ) + ( 1,200 x (1 + 12%)^-2 ) + ( 1,400 x (1 + 12%)^-3 ) ] = $93.1
IRR = Lower rate + [ Lower rate NPV / (Lower rate NPV - Higher rate NPV) ] (higher rate - lower rate)
IRR = 10% + [ 197.39 / ($197.39 - $93.1) ] (12% - 10%)
IRR = 13.8%
Due to rounding factor the nearest option and the correct option is 13.96%
Answer:
0.208
Explanation:
Probability is a value that determines how likely a event of outcome incur. It is expressed in ratio to the total value.
Conservative Moderate Liberal Totals
Male 104 81 88 273
Female 51 68 108 227
Totals 155 149 196 500
104 of the residents are conservative men from total of 500 residents, this value will be used to determine the probability.
Probability = Numbers of Conservative Man / Total Residents = 104 / 500 = 0.208