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Kazeer [188]
3 years ago
6

If you borrow​ $100,000 at an annual rate of​ 8.00% for a 10minusyearperiod and repay with 10 equal annual endminusofminusthemin

usyearpayments of​ $14,902.95, then you have just repaid what type of​ loan?
Business
1 answer:
Ivahew [28]3 years ago
3 0

Answer:

Amortized loan

Explanation:

An amortized loan is a loan with scheduled periodic payments that are applied to both principal and interest. An amortized loan payment first pays off the relevant interest expense for the period, after which the remainder of the payment reduces the principal.

Interest is calculated based on the most recent ending balance of the loan and the interest amount owed decreases as payments are made. This is because any payment in excess of the interest amount reduces the principal, which in turn, reduces the balance on which the interest is calculated.

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You have a choice among three options. Option 1: receive $900 immediately. Option 2: receive $1,200 one year from now. Option 3:
vovangra [49]

Answer:

Option 2

Option 3

Option 1

Explanation:

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator

Present value of option 1 = $900

For option 2 :

Cash flow in year 1 = $1200

I = 15%

Present value = $1,043.48

For option 3 :

Cash flow each year from year 1 to 4 = 0

Cash flow in year 5 = $2000

I = 15%

Present value =$ 994.35

From the above figures, option 2 has the highest present value, followed by option 3 and then option 1.

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

8 0
3 years ago
What is a feature of a cash advantage loan?]
anyanavicka [17]
I think it’s c not sure tho
8 0
3 years ago
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Describe the first institution of the income tax in the United States, the reason behind it, and what happened to it.
Vinil7 [7]

Answer: The system of tax began in America in the year 1861, this was during the civil war, where the Congress passed an Act that included a tax on personal incomes inorder to meet up war expenses.

Explanation:

The system of tax began in America in the year 1861, this was during the civil war, where the Congress passed an Act that included a tax on personal incomes inorder to meet up war expenses. The tax system was cancelled after 10years of the practice but was later reinstated by the Congress in 1894 on federal level, but it was ruled out the following year by the Supreme Court because it was taxed directly and not according to the population of each state. In the year 1913 the federal government was allowed to tax everyone irrespective of the sizes of their state by the 16th amendment. This has been what's obtainable about the tax system till date.

4 0
3 years ago
You are planting seeds in a vegetable garden. According to the instructions on the seed​ packet, the seeds should be placed​ 12"
Leokris [45]

Answer:

A) the range of variation

Explanation:

In statistics, the range is a measure of variation which includes the highest value and the lowest value, in other words, the extreme points.

In this case, the range of variation represents the extreme points at which it is OK to plant our seeds. If we plant seeds more than 13" apart then we aren't doing it correctly, the same if we pant them less than 11" apart.

6 0
3 years ago
The upward-sloping portion of the long-run average cost curve is a result of:.
iogann1982 [59]

Answer:

average cost is increasing

Explanation:

7 0
2 years ago
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