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
Why is the white epiphone explorer more expensive
sukhopar [10]
Explores more or its the newest thing they have...
3 0
3 years ago
Choose TWO of the responses that describe disadvantages of Roth IRAS
insens350 [35]

Answer:

You pay taxes upfront

the maximum contribution is low

Explanation:

UTP quiz

6 0
3 years ago
What is a companys obligation to contribute to the sustainability of natural resources
FrozenT [24]

Answer:

Companies have a corporate social responsibility towards their environment.

Explanation:

Corporate social responsibility implies that companies are expected to engage in industrial practices that would not result in harm to their environment. For example, the amount of carbon being released into the environment must be controlled as excessive release of carbon can be detrimental to health. It is also not right for waste to be discharged into the oceans because the health of the sea animals, the ocean itself and those who swim in it are at risk.

To promote sustainability, companies avoid practices that would eventually harm their environment. Abiding by these practices might take a longer route, but is eventually cost effective and beneficial.

8 0
3 years ago
Sienna Inc., a software firm, decided to hire a technical expert. The company conducted an aptitude test followed by structured
joja [24]

Answer:

Refer David to another company.

Explanation:

In the given case, promoting other minority employees is not the correct action because the victim is David. Hiring other African Americans make up for David's loss is not the correct answer either because of the same reason. Paying David's legal costs is not an effort towards compensating for the discrimination. The company is likely required to give David a referral to another company which is the only action that affects David directly in terms of compensation. I hope this was helpful.

4 0
3 years ago
When a monopolist can perfectly price discriminate, it follows that
Snezhnost [94]

e. a, b, and c? All of these are true

8 0
3 years ago
Other questions:
  • Briefly list and discuss two problems that a purchasing department sometimes has in meeting objectives.
    6·2 answers
  • A person who wants to cash his paycheck is advised to go to his bank rather than to a check cashing store because check cashing
    5·1 answer
  • BD Corporation has purchased new computers to modernize the office. The increased efficiency from the computers will lead to inc
    11·1 answer
  • A house is appraised for $25,000, and shows an assessed value of $20,000. The taxes on the house are $300 annually. What would t
    10·1 answer
  • Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra
    8·1 answer
  • Cutter Enterprises purchased equipment for $72,000 on January 1, 2011. The equipment is expected to have a five-year life and a
    6·1 answer
  • Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that
    12·1 answer
  • Which is not a secondary consideration when locating a retail store
    13·1 answer
  • Sales of battery-powered cars are increasing. People concerned with the environment are the primary buyers of battery-powered ca
    5·1 answer
  • Aber Inc. plans to develop a shopping center. In the first quarter, they spent the following amounts: Acquisition of land $15000
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!