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Svet_ta [14]
2 years ago
12

Quantitative Problem: You need $11,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an amortiz

ed loan. He would like you to make annual payments for 4 years, with the first payment to be made one year from today. He requires a 9% annual return. What will be your annual loan payments
Business
1 answer:
Ratling [72]2 years ago
3 0

Answer:

The annual loan payments are closest to  $3,395.36  

Explanation:

The annual payment on the amortized loan can be ascertained using the pmt formula in excel :

=pmt(rate,nper,-pv,fv)

rate is the 9% annual return expected by the uncle

nper is the length of repayment which is 4 years

pv is the amount borrowed which is $11,000

fv is the future worth of the loan which is unknown

=pmt(9%,4,-11000,0)=$3,395.36  

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Paha777 [63]

Answer:

Total debt ratio will be 44 %

So option (c) will be the correct option

Explanation:

We have given monthly principal and interest on mortgage loan = $635

Monthly Tax and insurance payments = $125

Car lease payment = $350

Now total monthly obligations = $625+$125+$350 = $1100

Gross monthly income = $2500

We have to find the total debt ratio

We know that total debt ratio is given by

Debt ratio =\frac{total\ obligation}{total\ income}=\frac{$1100}{$2500}=0.44=44%

So option (c) will be the correct option

8 0
2 years ago
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fredd [130]

Answer:

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Explanation:

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Simply put, conventional companies restrict investors ' and company owners ' financial risk, as all they can lose in a failed business is the sum they have engaged in it. These companies are required to conduct annual meetings and also have an executive board that stakeholders vote on.                  

5 0
2 years ago
Give examples of needs, wants, and demands that fedex customers demonstrate, differentiating these three concepts.
weeeeeb [17]

The needs are also what we call to be the requirements of the human beings that are essential and whose. These include, for the case of FedEx, the need for self-expression and also the need for the customer to be served in a means that makes him or her to fit in to a certain social class.

 

Wants are what we call to be temporary and hence changes regularly and are only directed by our surrounding towards reaching certain needs. For the case of FedEx, wants include customer’s want to have immediately needed materials and goods/products that are needed on very short notices.

 

<span>Demands happen when a customer is capable to sacrifice some money so as to be content with a need or want. These include for example the demand to be provided with export and import services, tracking packages etc.</span>

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Sladkaya [172]

Answer:

c. Motivating managers and other employees toward the organization's goals.

Explanation:

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2 years ago
Which Administration and Administrative Support career typically has a bachelor’s degree?
puteri [66]

Answer: Education Administrator for Childcare Centers is the answer.

Explanation:

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