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
stich3 [128]
3 years ago
8

Ken just purchased new furniture for his house at a cost of $15,000. The loan calls for weekly payments for the next 5 years at

an annual interest rate of 10.15 percent. How much are his weekly payments
Business
1 answer:
Stells [14]3 years ago
3 0

Answer:

His Weekly Payment is $73.62

Explanation:

Loan is paid in installment over the allowed period of the loan. It includes the principal payment and interest payment as well. Ultimately after a defined period the loan becomes zero. The loan installment amount is calculated as below.

Loan Payment per year = r ( PV ) / 1 - ( 1 + r )^-n

r = rate per period = 10.15% per year = 10.15%/52 = 0.1952% per week

n = number of Years= 5 years x 52 = 260 weeks

PV =  Loan amount = $15,000

P = payment per year = ?

P = 0.1952% ( $15,000 ) / 1 - ( 1 + 0.1952% )^-260

P = $29.28 / 0.3977

P = $73.62

You might be interested in
Chemical labels must contain a product identifier, signal word and a pictogram to represent the hazards. What other information
Tresset [83]

Answer:

The other information required on a chemical label are;

Precautionary Statements

Hazard Statements

Contact Information

Explanation:

Precautionary statement describes recommended measures that should be taken to minimize or prevent adverse effect resulting from exposure to the hazardous chemical

Hazard statement describes the nature of the hazard of the chemical.

Contact information; the name, Address and telephone number of the chemical manufacturer, importer or other responsible party.

6 0
3 years ago
Read 2 more answers
Sean McGowan renewed his membership at Bargain Barn. Shortly after renewing the card, Sean started receiving calls from collecti
34kurt

Answer:

Identity theft

Explanation:

Identity theft is when a person steals another person's information like name and credit card information and uses it to commit a crime. For example, a person can use someone else's name and social security number to get a loan. According to this, Sean experienced identity theft because someone stole his information and got a credit card under his name.

8 0
3 years ago
What form of payment is directly tied to a customer's bank account?
r-ruslan [8.4K]
I’m sure it’s B. Debit Card
6 0
3 years ago
Discuss the intellectual debates by contemporary scholars surrounding issues of development​
r-ruslan [8.4K]

Answer:

Intellectual scholar discuss the issues of development​ as something arising out of differences between the nature and nurturing given to an individual. They also talk about relative importance of early experiences versus experiences occurring at a  later stage  in life.

They also talk about sequential development stages with age that cause emergence of certain skills in all individuals. They also talk about various theories such as cognitive theory, developmental theory, Psychoanalytic Theories, Abnormal Behavior vs. Differences etc.

Explanation:

Intellectual scholar discuss the issues of development​ as something arising out of differences between the nature and nurturing given to an individual. They also talk about relative importance of early experiences versus experiences occurring at a  later stage  in life.

They also talk about sequential development stages with age that cause emergence of certain skills in all individuals. They also talk about various theories such as cognitive theory, developmental theory, Psychoanalytic Theories, Abnormal Behavior vs. Differences etc.

4 0
2 years ago
_________ management emphasized internal operations because managers were concerned primarily with meeting the explosive growth
xenn [34]

Answer:

Systematic management

Explanation:

Systematic management is an approach of management which focus on the process of the management instead of the final outcome. The objectives of this approach to the management are:

To establish the particular procedures and processes to be used in the completion of the job task.

So, the systematic management is the one which focus on the internal operations as managers are concerned with the growth brought about through the Industrial Revolution.

5 0
3 years ago
Other questions:
  • On December 31, Year 1, Jet Co. received two $10,000 notes receivable from customers in exchange for services rendered. On both
    11·1 answer
  • New batteries are needed to power our electronic devices—our cell phones, tablets, and computers—and that market is exploding. R
    8·1 answer
  • "The National Tree Company offers resellers half-price reductions on artificial Christmas trees if they purchase them in July. T
    12·1 answer
  • What is the difference between an Oligopoly and a Monopoly?
    13·1 answer
  • Which factor sets the floor on setting a​ product's price?
    9·1 answer
  • Which of the following statements is false? a. A multinational company pays taxes only in the country in which it is headquarter
    8·1 answer
  • Which of the following actions is least likely to help prevent and detect schemes involving fraudulent invoices from non-accompl
    11·2 answers
  • A firm has three different investment options. Option A will give the firm $10 million at the end of one year, $10 million at th
    15·1 answer
  • Cruise Company produces a part that is used in the manufacture of one of its products. The unit manufacturing costs of this part
    15·1 answer
  • On December 31, 2020, Plattsville Plastics recently decided to dispose of an extrusion machine. The original cost was $461,000 a
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!