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3 years ago

11

Lydia works at a medical facility in which all employees are required to wear white shoes. lydia does not agree with this rule.

what should lydia do?

1 answer:

Juli2301 [7.4K]3 years ago

8 0

Lydia could take lots of people's signatures that agrees with her. is there even a medically reason why they have to wear white shoes?

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2 years ago

John borrows $10,000 for 10 years at an effective interest rate of 10%. He can repay the loan using the amortization method with

Ierofanga [76]

Answer:

The balance in the Sinking Fund immediately after repayment of the loan will be $2,133.19

Explanation:

Hi, John will pay the loan by paying the yearly interest and the rest is going to go to the sinking fund, so, if he has $1,627.45 and the annual interest of the loan are $1,000, he will be depositing $627.45 into the sinking fund for ten years. Therefore, the future value of the annual deposits of the sinking can be found by using the following formula.

$FutureValue=\frac{A((1+r)^{n} -1)}{r}$

Where:

A = equal annual savings into the sinking fund (that is $627.45)

r = effective rate of the sinking fund (14%)

n = 10 years

Everything should look like this.

$FutureValue=\frac{627.45((1+0.14)^{10} -1)}{0.14}$

$Future Value=12,133.19$

Now, this is the balance after 10 years, but remember that John has to pay the loan, which is $10,000 (not $11,000 because John pays the interest of the loan and then deposits the balance into the sinking fund). Therefore, the balance after repaying the loan is $12,133.19 - $10,000 = $2,133.19.

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