1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dangina [55]
3 years ago
14

Industrial tools owes you $38,600. this amount is seriously delinquent so you have offered to accept weekly payments for one yea

r at an interest rate of 3 percent to settle this debt in full. what is the amount of each payment?
Business
1 answer:
lesantik [10]3 years ago
3 0
The problem could be solved by using the future value (FV) formula: FV = PV × (1 + r)ⁿ, where;
PV = Present value
r = interest rate
n period

So, substituting the formula with the value:

FV = $38,600 × (1 + (.03÷52))⁵²
     ≈ $39,775.20

Note that the interest is divided by 52 since it has to be compounded weekly.

So, the weekly payment will amount to $764.91 ($39,775.20÷52).
You might be interested in
Find a current news article (within one week) related to business or technology. Your article can be from a newspaper, the
klasskru [66]

Answer:

Everyone has seen organizations and agencies make a case for their cause on the television, newspaper and radio. We have all heard stories about how a media consultant has helped improve a political candidate's image by cleverly manipulating the press. There are many ways you can use the media to the benefit of your cause. This section introduces you to working with the media.

WHAT ARE THE MEDIA AND MEDIA ADVOCACY?

Media, which is the plural form of 'medium', are the forms of communication – television and radio; newspapers, magazines, and written materials (or "print media"), and, more often now, the Internet – used to spread or transmit information from a source (which can be a person, an organization, a business, an institution, a government agency, a policy maker, or another media outlet) to the general public.

Advocacy means openly supporting a certain viewpoint or group of people. If you are an advocate for a specific cause, you work to persuade local, state, or federal governments or other entities to grant specific rights, make policy changes, provide money, or create new laws for the good of your cause. For example, if you have a child with a disability, you might advocate for the increased availability of medical services for handicapped children in your city.

Media advocacy is the use of any form of media to help promote an organization's or a company's objectives or goals, which come from the group's vision and mission. For example, suppose you’re a media advocate for a non-profit agency working to reduce gang violence in your neighborhood. You would try to present neighborhood issues related to gang violence and the changes you want to make in such a way that you:

Change the way community members look at gang violence. You might want to make it clear who it affects and why, or why kids get involved in gangs in the first place.

Create a reliable, consistent stream of publicity for your agency's issues and activities, including articles and news items about the causes and results of gang violence and about what your agency’s work entails; personal interest stories; success stories; interviews with agency staff and current and former gang members, etc..

Motivate community members and policy makers to get involved.  You probably have ideas about what could be done with public funding, or with government policies that addressed gang violence. You might have volunteer opportunities, or want to publicize a city- or state-sponsored initiative that needs public input and support.  Or perhaps you’re trying to raise money for your work. The media can help with all of these...if you know how to work with them.

Media advocates, or the people who work to attract publicity for organizations and causes, know that the media can get a public or social policy message across to the largest audience possible in the least amount of time.

As a media advocate, you can use the media to:

.

Explanation:

7 0
2 years ago
True or failed sales taxes are the same no mattter where you live
coldgirl [10]

Answer:

false

Explanation:

8 0
3 years ago
In preschool one day, 5 children decided to help each other build a fort with the items that were available to them. each child
Marina CMI [18]
This is an example of associative play.
It means that the children are in the same location, but not necessarily close to each other or playing together. Each of these kids has their own plan and agenda of how to bring the plan to fruition, and they are not really cooperating in order to build the fort.
5 0
2 years ago
Suppose a commercial banking system has $40,000 of outstanding checkable deposits and actual reserves of $4,500. If the reserve
ludmilkaskok [199]

Answer: $50000

Explanation:

Based on the information that's been given in the question, firstly we need to calculate the excess reserves which will be:

= $4500 - (10% × $40000)

= $4500 - $4000

= $500

Then, the money supply that's expanded will be:

= Excess reserve / Reserve ratio

= $5000 / 10%

= $5000 / 0.1

= $50000

Therefore, the answer is $50,000.

3 0
3 years ago
Suppose that there is a welfare program with an income guarantee of $6000 and a benefit reduction rate of 50 percent. In the abs
STatiana [176]

Answer:

Draw the person's budget constraint with the income guarantee

5 0
3 years ago
Other questions:
  • Fournotts Corp., a sports shoe manufacturer, launched a new sports shoe.As a part of publicity, it invited its customers to try
    15·1 answer
  • Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation.
    15·1 answer
  • What is the maximum fine that the Real Estate Commission can impose for a violation of commission rules?
    12·1 answer
  • If you are willing to purchase a house for $500,000 and you purchase the house for $500,000, this transaction will generate:
    6·1 answer
  • g Romans sells the Regular blend for $3.60 per pound and the DeCaf blend for $4.40 per pound. Romans would like to place an orde
    15·1 answer
  • net income is 180 depreciation is 50 change in asset and liability accounts is 20 what i the cash provided
    6·1 answer
  • In reference to auto insurance, what is gap coverage<br>​
    7·2 answers
  • The CJ Company reported that during the last month 50,000 units were completed and transferred out, and 3,600 units were in endi
    6·1 answer
  • Nancy and Joan bought a small farm for $300,000 under an installment land contract with a $50,000 down payment. They will pay in
    12·1 answer
  • The balance sheet for Monty Consulting reports the following information on July 1, 2022. Long-term liabilities Bonds payable $1
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!