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ludmilkaskok [199]
3 years ago
9

A man uses a loan program for small businesses to obtain a loan to help expand his vending machine business. The man borrows ​$2

6 comma 000 for 4 years with a simple interest rate of 1.4​%. Determine the amount of money the man must repay after 4 years.
Business
1 answer:
seraphim [82]3 years ago
3 0

Answer:

The ammount due at the end of the loan adds for $27,456

Explanation:

If the payment is in full at maturity, the man must pay the principal of 26,000 plus the interest during the period of 4 years.

It is important to notice that the loan is done at simple interest, so the interest does not capitalize.

Ammount$-due = 26,000 * (1 + 0.014 * 4) = 27,456

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MariettaO [177]

Answer: Argentinean central bankers effectively gave control of their domestic interest rate to the FOMC.

Explanation:

The Federal Open Market Committee(FOMC) is a committee of the Federal Reserve which influences the interest rate in the country by engaging in Open Market Operations (OMO). In doing so, they also influence the value of the dollar which is the currency of the U.S.

By pegging the Argentine Peso to the U.S. dollar, the Argentines effectively gave control of their domestic interest rate to the FOMC because the FOMC in deciding the interest rate for the U.S. and therefore the dollar, will be deciding for any other currency that moves exactly as the dollar does which is what the Peso is now going to do.

8 0
2 years ago
Chilton, Inc. sold 11,900 units last year for $20 each. Variable costs per unit were $3.00 for direct materials, $2.60 for direc
kvasek [131]

Answer:

a. Total contribution margin is $140,420.00

b. Unit contribution margin is $11.80

c. Contribution margin ratio is 0.59.

Explanation:

a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.)

Sales revenue = 11,900 × $20 = $238,000

Total variable cost = (11,900 × $3) + (11,900 × $2.6) + (11,900 × $2.6) = $97,580

Total contribution margin = $238,000 - $97,580 = $140,420.00

b. What is the unit contribution margin?

Unit contribution margin = Total contribution margin ÷ Units sold = $140,420.00 ÷ 11,900 = $11.80

c. What is the contribution margin ratio? (Round your intermediate calculations and final answer to 2 decimal places.)

Contribution margin ratio = Unit contribution margin ÷ Unit selling price = $11.80/20.00 = 0.59.

7 0
3 years ago
If you saw i homeless man or woman what are you ganno do
cupoosta [38]

Answer:

b and c and maybe if i could i would take them to my place for shelter

Explanation:

4 0
2 years ago
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A local art gallery keeps information on its customers regarding their preferences for certain artists as well as the style of a
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Answer:

The correct answer is letter "B": Customer relationship management.

Explanation:

Customer Relationship Management or CRM is a term of the Information Technology (IT) industry that applies to methodologies, software, and in general, to the capabilities of the internet that help companies to manage customer relationships in an organized manner by storing some of their information useful for future business.

6 0
2 years ago
Today, you deposit $2,500 in a bank account that pays 3.6 percent simple interest. How much interest will you earn over the next
navik [9.2K]

Answer:

$450

Explanation:

3.6% of $2,500=$90

90x5=450

Hope this helps!

Brainliest pls

Have a great day!

8 0
2 years ago
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