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sp2606 [1]
3 years ago
13

Lang Warehouses borrowed $131,300 from a bank and signed a note requiring 9 annual payments of $15,328 beginning one year from t

he date of the agreement. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)Required:Determine the interest rate implicit in this agreement. (Round interest rate to 1 decimal place.)Solve for iPresent value: n = i %
Annuity payment
Business
1 answer:
KengaRu [80]3 years ago
7 0

Answer:

The interest rate implicit in this agreement is 1%

Explanation:

Present Value = $131,300

n = 9

i = ?

Annuity Payment = $15,328

Use the following formula to calculate the interest rate

PV of Annuity payment = Annuity Payment x ( 1 - ( 1 + r )^-n / r

$131,300 = $15,328 x ( 1 - ( 1 + r )^-9 / r

$131,300 / $15,328 = ( 1 - ( 1 + r )^-9 / r

8.5660 = ( 1 - ( 1 + r )^-9 / r

using Annuity Table the 8.5662 annuity factor for 9 payments shows under 1% interest rate.

So, the answer is 1%

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Which of the following would the U.S. Bureau of Labor Statistics define as a discouraged worker?
Svet_ta [14]

Answer:

d) Mary, who was laid off last year and who was looking for a full-time job until last month

Explanation:

In the United States, a discouraged worker is defined as a person not in the labor force who wants and is available for a job and who has looked for work sometime in the past 12 months (or since the end of his or her last job if a job was held within the past 12 months), but who is not currently looking because of real or perceived poor employment prospects.

6 0
4 years ago
How was our early atmosphere different from the one we have now​
mylen [45]
The atmosphere we enjoy today is radically different from the atmosphere that formed with the Earth billions of years ago. ... As the Earth cooled enough to form a solid crust (4.4 billion years ago), it was covered with active volcanos. These volcanos spewed out gasses, like water vapor, carbon dioxide and ammonia.
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3 years ago
A factor that accounts for the increased workforce diversity in organizations is: a. legal actions that have forced organization
rewona [7]

Answer:

The correct answer is d) changing demographics in the labor force.

Explanation:

Demographic changes in the workforce are essential in companies since labor diversity helps to increase work experiences. Through diversity, you can find a variety of ideas and criteria, this due to the difference in cultures that will enrich the scope of the company.

Migration is one of the biggest reasons why companies can see a diverse workforce, so companies must take measures to promote tolerance and harmony in the work area since not everyone feels comfortable with differences.

<em>I hope this information can help you.</em>

4 0
3 years ago
You take out a loan for $4000 at an annual interest rate of 5% (compounded annually). You must pay back the loan in 3 annual ins
GalinKa [24]

Answer: = $2,731.14

Explanation:

First find the annual payment.

The payment will be constant so is an annuity.

Present Value of an Annuity = Payment * Present Value Interest Factor of an annuity

4,000 = Payment * PVIFA( 3 periods, 5%)

4,000 = Payment * 2.7232

Payment = 4,000 / 2.7232

Payment = $1,468.86

This annual Payment is divided into an interest component and a component going towards principal repayment.

Interest component =  5% * 4,000

= $200

Amount going to principal = 1,468.86 - 200

= $1,268.86

Amount of Principal Outstanding = 4,000 - 1,268.86

= $2,731.14

3 0
3 years ago
Which sentence is true about including captions in visual aids?
Aleks [24]

Answer:

they provide additional information about the visual

6 0
3 years ago
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