All categories

3 years ago

The actual monthly payment for a 36 month loan is _______________.

Business

2 answers:

avanturin [10]3 years ago

6 0

As no available data is given for calculation, we use a hypothetical situation.

Mr A loans $30000 from a company with a flat interest of $6000 (including fees and taxes) for a period of 36 months.

The actual monthly payment for his loan will be:

(Principal+Interest)/number of months

I.e. Total Repayable Amount= $30000+6000=$36000

Monthly Payment for 36 months = $36000/36 = $1000

In cases where the interest is in rates, an approximate formula will be used depending on continuous or discrete compounding.

garik1379 [7]3 years ago

5 0

The principal balance plus interest and any applicable fees.

You might be interested in

Denna Company's working capital accounts at the beginning of the year follow:

riadik2000 [5.3K]

1. Compute the subsequent amounts and ratios as of the beginning of the year:

a. capital = current assets - current liabilities

working capital = ($50,000 + $30,000 + $200,000 + $210,000 + $10,000) - ($150,000 + $30,000 + $20,000)

= $500,000 - $200,000

= $300,000

b. Current ratio = current assets / current liabilities

current ratio = $500,000 / $200,000

= 2.5

c. Acid-test ratio = (current assets - inventory) / current liabilities

acid test ratio = ($500,000 - $210,000) / $200,000

= $290,000 / $200,000

= 1.45

Financial Ratios :

These are the tools normally utilized in financial management that serve as multi-purpose for other reasons such as obtaining a loan from bank, infusion of additional capital from investors, etc

Acid test ratios :

In finance, the fast ratio, also referred to as the acid-test ratio is a type of liquidity ratio, which measures the power of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately.

Learn more about current ratio :

brainly.com/question/14770071

#SPJ4

4 0

1 year ago

Which of the following is not a concept related to explaining abnormal excess stock returns?A. January effect B. neglected-firm

Anastaziya [24]

The preferred stock effect is not a notion that can be used to explain abnormally high excess stock returns.

<h3>What is the preferred stock?</h3>

The term "stock" refers to a company's ownership or equity. Common stock and preferred stock are the two forms of equity. Preferred investors are entitled to more dividends or asset distributions than common stockholders. The specifics of each preferred stock vary depending on the issuance.

When it comes to dividends, preferred stockholders have a preference over ordinary stockholders, which typically yield more than common shares and might be paid monthly or quarterly. These dividends can be fixed or determined by reference to a benchmark interest rate, such as the London Interbank Offered Rate.

To learn more about stock, click

brainly.com/question/28235296

7 0

1 year ago

The organization that supervises internet addressing is ___________.

Vlada [557]

<span>The organization that supervises internet addressing is "ICANN".

</span>ICANN stands for the "Internet Corporation for Assigned Names and Number", and it refers to a non-profit association in charge of organizing the support and strategies of a few databases identified with the namespaces of the Internet, guaranteeing the system's steady and secure operation.ICANN plays out the technical maintenance work of the Central Internet Address pools and DNS root zone registries in accordance with the Internet Assigned Numbers Authority (IANA) work contract.

8 0

3 years ago

Read 2 more answers

Drag and drop the steps of the DG pickup process into the correct order then click submit

Sedaia [141]

The steps of the DG pickup process which are put into the correct order are as follows:

Download and Install the DG application
Make enquiries on whether the particular store makes use of DG pickup
Make an order and reserve a time slot
Add the items to the virtual cart
Put the digital coupons of the DG pickup
Checkout

<h3>What is a Pickup Service?</h3>

This refers to a type of service which is used to deliver goods from one location to a customer at his preferred location.

With this in mind, we can see that the correct steps of making use of online pickup service such as DG pickup is shown as there needs to be the installation of the app, then to add the items to the cart and finally checkout.

Read more about pickup services here:
brainly.com/question/6855095

8 0

2 years ago

Employee rights during ______ inspections include the right to refuse to be interviewed, or if an employee agrees to an intervie

Colt1911 [192]

Answer: Affordable Care Administration

Explanation:

The Affordable Care Act was out in place in order to give health insurance coverage to the people in America that are uninsured.

It should be noted that the rights of an employee rights during the Affordable Care Administration inspections include the right to refuse to be interviewed, or if an employee agrees to an interview, they can request that an employer representative be present or that the interview be held in private.

4 0

3 years ago