Amortizing a loan P over n periods at i% interest / period, the payment per period is given by:
![A= P(i(1+i)^n)/((1+i)^n-1)](https://tex.z-dn.net/?f=A%3D%20P%28i%281%2Bi%29%5En%29%2F%28%281%2Bi%29%5En-1%29)
In given situation,
P=20000
period=month
i=10%/12
n=5*12=60 months
A. monthly payment amount
![A= P(i(1+i)^n)/((1+i)^n-1)](https://tex.z-dn.net/?f=A%3D%20P%28i%281%2Bi%29%5En%29%2F%28%281%2Bi%29%5En-1%29)
![= 20000(.1/12(1+.1/12)^60)/((1+.1/12)^60-1)](https://tex.z-dn.net/?f=%3D%2020000%28.1%2F12%281%2B.1%2F12%29%5E60%29%2F%28%281%2B.1%2F12%29%5E60-1%29)
![=424.98](https://tex.z-dn.net/?f=%3D424.98)
to the nearest cent
B. EAR (effective annual rate)
the APR is 10%, but compounded monthly.
So
EAR=(1+i/12)^12-1
=(1+0.1/12)^12-1
=0.104713
=10.4713% (effective annual rate)
Answer:
Daniel’s team had to decide the vendor on the following attributes that should be analyzed:
- Innovation :- Credit Issue Group is a money related assistance organization and henceforth the seller needs to have a decent mechanical base to furnish with organization with required administrations on schedule and best in quality.
- Exclusivity: Considering the significance of the administrations, organization may take a gander at the restrictiveness of the administrations that merchant can offer to Credit Issue.
-
Complimentary Services offering:- To look if seller has some other contributions to make to the customer that might be complimentary with the fundamental administrations advertised. This can save money on schedule and authoritative work.
-
Support:- What support would vendor be able to offer to the organization alongside giving the essential administrations.
-
Contingency:- in case of seller's framework disappointment, what back up merchant needs to proceed with uninterrupted administrations.
Answer:
$1,280
Explanation:
Given that,
Rent expense = $1,500
Car payment = $400
Cellphone expense = $120
Utilities = $450
Groceries expenses = $250
Entertainment expenses = $200
Jeff receives a paycheck of $2,100 twice per month, the amount received in a month is calculated as follows:
= $2,100 × 2
= $4,200
The amount left after deducting all of the expenses:
= Amount received - Rent expense - Car payment - Cellphone expense - Utilities - Groceries expenses - Entertainment expenses
= $4,200 - $1,500 - $400 - $120 - $450 - $250 - $200
= $1,280
Therefore, he have left over $1,280 for the month.
Answer:
9.09%
Explanation:
The required return of ZYX, Inc shall be determined using the following mentioned formula:
r=[d(1+g)/MV]+g
In the given question
r=required rate of return of ZYX, Inc=?
d(1+g)=next dividend payment to be made by the ZYX, Inc=$2.95
MV=current selling price of share=$58
g=growth rate of dividend=4%
r=required rate of return=[$2.95/$58]+4%
r=required rate of return=9.09%
'Micro is the study of individuals and business decisions while macroeconomics while macro studies the decisions of the governments and countries.'
Microeconomics examines individual markets while macroeconomics examines the economy.