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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

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kykrilka [37]
The appropriate response is Occasion Segmentation. Occasion segmentation is partitioning the market into bunches on the premise of the distinctive events when the purchasers. plan to purchase the item or really purchase the item or utilize the item. A few items are seen to be adept for a specific time of day or occasion.
5 0
3 years ago
Deep Water Mining added $411 to retained earnings last year on sales of $24,646. The administrative expenses were $4,370, deprec
ki77a [65]

Answer:

$18,290

Explanation:

The computation of the cost of goods sold is given below;

The profit after tax is

= Retained earnings + dividend

= $411 + $285

= $696

The profit before tax = $696 ÷ (1 - Tax rate)

= $696 ÷ (1 - 0.35)

= $1,071  

Now  

Sales = $24,646

Let us assume the Cost of goods sold be X

admin expenses = $4,370

Depreciation = $812

Interest = $103

Profit before tax = $1.071

Cost of goods sold (X) = $24,646  - $4,370 - $812 - $103 - $1,071

= $18,290

5 0
3 years ago
Which of the following are examples of reportable incidents? choose all that apply
Andrews [41]

Answer:

a healthcare provider failing to respond to a patient’s alarm

a malfunctioning heart monitor

a healthcare provider’s unexplained absence

4 0
3 years ago
Assume for this question that herman has 55 employees. when herman asks sally about jake's ability to see, what would be conside
Serhud [2]
<span>Herman would have to take action if he find's out from Sally that Jake has a visual impairment. He would have to consider whether or not he could reasonably make changes that would allow Jake to still do his job, or if the needed changes would cause an undue hardship on the business.</span>
7 0
3 years ago
Marsha is single, had gross income of $50,000, and incurred the following expenses: Charitable contribution - $2,000 Taxes and i
Contact [7]

Answer:

Adjusted gross income = $51000

Explanation:

given data

gross income = $50,000

Charitable contribution = $2,000

Taxes and interest  =  $7,000

Legal fees  = $1,000

Medical expenses = $3,000

Penalty = $250

to find out

Adjusted gross income AGI

solution

we get here Adjusted gross income AGI is express as

Adjusted gross income = gross income + Taxes and interest - Charitable contribution - Legal fees - Medical expenses  ............................1

put here value we get

Adjusted gross income = $50,000 +  $7,000 - $2,000 - $1,000 - $3,000

Adjusted gross income = $51000

6 0
3 years ago
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