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adoni [48]
3 years ago
10

An online store that has been successfully growing on its initial angel investment and revenue wants to invest $5 million to exp

and the business. The bank is willing to lend the business this money at a 10 percent interest rate over an eight-year term. Calculate the monthly payment and explain what the business must be able to do with this money in order for this to be a smart business decision.
Mathematics
1 answer:
Vlad1618 [11]3 years ago
4 0
<span>At simple interest: 10% = 5,000, 000 x 10/100 = 5,000,000 x (1/10) =$500,000 spread over 8 years = 8 x $62,500 monthly interest payment = $62,500/12=$5208.33 Smart decision: has to at least break-even, if not generate more than the total interest repayment. </span>
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Andell is 9 years older than Arnez. arnez is 3 years younger than Marianne. the sum of their ages is 24. what is the age of each
Harman [31]

Answer:

Arnez is 4. Andell is 13. Marianne is 7.

Step-by-step explanation:

Let x represent Arnez's age. If we write out an equation, we end up with this:

24 = (9 + x) + (x + 3) + x

24 = 9 + x + x + 3 + x

24 = (x + x + x) + (9 + 3)

24 = 3x + 12

24 - 12 = 3x + 12 - 12

12 / 3 = 3x / 3

4 = x

5 0
3 years ago
If equipment cost $20,000 and accumulated depreciation amounts to $6,000, the book value of the equipment is?
Rina8888 [55]

The book value of the equipment is $14000

Given,

equipment cost = $20,000

depreciation amounts =  $6,000

book value of the equipment = equipment cost - depreciation cost

= 20000 - 6000

= $14000

<h3>What Are Depreciation Expenses?</h3>

Depreciation expense, on the other hand, is the amortized portion of the cost of the business's fixed assets during a certain period. Depreciation expense is recognized in the income statement as a non-cash expense that reduces the  net income or profit of the business. For accounting purposes, depreciation expense is debited and  accumulated depreciation is credited.

Depreciation expenses are treated as non-cash expenses because periodic monthly amortization is  not involved in cash transactions.

To learn more about depreciation amounts from given link

brainly.com/question/1287985

#SPJ4

8 0
2 years ago
Jordan jarred 18 liters of jam after 6 days. How many days does Jordan need to spend making jam if he wants to jar 27 liters of
tiny-mole [99]

Answer:

69420

Step-by-step explanation:

69 420 equils 69 420

8 0
3 years ago
(MULTIPLE CHOICE QUESTION)
Dmitrij [34]

Answer:

I believe the last is does help while the rest don't help.

Step-by-step explanation:

The first only marks O and M

The second uses O and M and only finds 2 unrelated points.

The third uses O and M to find the other 3 points

6 0
3 years ago
Read 2 more answers
William got scores of q sub 1, , and q sub 3 on three quizzes.
USPshnik [31]

Answer:

a. The average is  =(++) .

b. He can use the formula  =−− q sub 3 , equals 3 x minus , q sub 1 , minus , q sub 2. He will need a score of  =()−−= q sub 3 , equals 3 open 90 close minus 85 minus 88 equals 97 on his third quiz.

Step-by-step explanation:

3 0
3 years ago
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