The formula of the present value of an annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
PV present value 500000
PMT monthly payment?
R interest rate 0.08
K compounded monthly 12
N time 30 years
Solve the formula for PMT
PMT=pv÷ [(1-(1+r/k)^(-kn))÷(r/k)]
PMT=500,000÷((1−(1+0.08÷12)^(
−12×30))÷(0.08÷12))
=3,668.82...answer
Hope it helps!
Answer:
B. Graduates with a professional degree always earn more than others.
Amount = $900,000
Bearing interest = 12%
Annual principal payments = $300,000
Bank prime rate = 11%
<u>To find:</u>
Accrued interest payable
<u>Solution:</u>
The calculation of the accrued interest payable,
Therefore, the accrued interest payable will be $24,000.
Answer:
D
Explanation:
In the above scenario, Diane's decision to gather preference information for the product features is an example of her Determining Research Objectives. Thus option D is the right option.
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