The difference between the monthly payment of R and S is equal to $48.53 by following the compound interest formula. Thus, Loan R's monthly loan amount is greater than Loan S.
<h3>What is a Compound interest loan?</h3>
Combined interest (or compound interest) is the loan interest or deposit calculated based on both the original interest and accrued interest from earlier periods.
![\rm\,For\,R\\\\P = \$\,17,550\\r\,= 5.32\%\\Time\,= n= 7\,years\\Amount\,paid= [P(1+\dfrac{r}{100\times12})^{n\times12} ]\\=[ 17,550 (1+\dfrac{5.32}{100\times12})^{7\times12} ]\\= [ 17,550 (\dfrac{12.0532}{12})^{84} ]\\\\= [ 17,550 (1.00443^{84} ]\\\\= \$ 25,440.48\\\\Total\,monthly\,payment = \rm\,\dfrac{25,440.48}{84}\\\\= \$\, $302.86\\\\](https://tex.z-dn.net/?f=%5Crm%5C%2CFor%5C%2CR%5C%5C%5C%5CP%20%3D%20%5C%24%5C%2C17%2C550%5C%5Cr%5C%2C%3D%205.32%5C%25%5C%5CTime%5C%2C%3D%20n%3D%207%5C%2Cyears%5C%5CAmount%5C%2Cpaid%3D%20%5BP%281%2B%5Cdfrac%7Br%7D%7B100%5Ctimes12%7D%29%5E%7Bn%5Ctimes12%7D%20%5D%5C%5C%3D%5B%2017%2C550%20%281%2B%5Cdfrac%7B5.32%7D%7B100%5Ctimes12%7D%29%5E%7B7%5Ctimes12%7D%20%5D%5C%5C%3D%20%5B%2017%2C550%20%28%5Cdfrac%7B12.0532%7D%7B12%7D%29%5E%7B84%7D%20%5D%5C%5C%5C%5C%3D%20%20%5B%2017%2C550%20%281.00443%5E%7B84%7D%20%5D%5C%5C%5C%5C%3D%20%5C%24%2025%2C440.48%5C%5C%5C%5CTotal%5C%2Cmonthly%5C%2Cpayment%20%3D%20%5Crm%5C%2C%5Cdfrac%7B25%2C440.48%7D%7B84%7D%5C%5C%5C%5C%3D%20%5C%24%5C%2C%20%24302.86%5C%5C%5C%5C)
![\rm\,For\,S =\\\\P=\,\$ 15,925\\r\,= 6.07\%\\T=n= 9\,years\\\\Amount\,paid\,= [P(1+\dfrac{r}{100\times12})^{n\times12} ]\\\\\= [15,925(1+\dfrac{0.0607}{12})^{9\times12} ]\\\\\\= [15,925(1+\dfrac{0.0607}{12})^{108} ]\\\\=[15,925(1.7247.84)} ]\\\\\= \$27,467.19\\\\Total\,monthly\,payment =\dfrac{\rm\,\$\,27,469.19}{108}\\\\= \$ 254.326\\\\](https://tex.z-dn.net/?f=%5Crm%5C%2CFor%5C%2CS%20%3D%5C%5C%5C%5CP%3D%5C%2C%5C%24%2015%2C925%5C%5Cr%5C%2C%3D%206.07%5C%25%5C%5CT%3Dn%3D%209%5C%2Cyears%5C%5C%5C%5CAmount%5C%2Cpaid%5C%2C%3D%20%5BP%281%2B%5Cdfrac%7Br%7D%7B100%5Ctimes12%7D%29%5E%7Bn%5Ctimes12%7D%20%5D%5C%5C%5C%5C%5C%3D%20%5B15%2C925%281%2B%5Cdfrac%7B0.0607%7D%7B12%7D%29%5E%7B9%5Ctimes12%7D%20%5D%5C%5C%5C%5C%5C%5C%3D%20%5B15%2C925%281%2B%5Cdfrac%7B0.0607%7D%7B12%7D%29%5E%7B108%7D%20%5D%5C%5C%5C%5C%3D%5B15%2C925%281.7247.84%29%7D%20%5D%5C%5C%5C%5C%5C%3D%20%5C%2427%2C467.19%5C%5C%5C%5CTotal%5C%2Cmonthly%5C%2Cpayment%20%3D%5Cdfrac%7B%5Crm%5C%2C%5C%24%5C%2C27%2C469.19%7D%7B108%7D%5C%5C%5C%5C%3D%20%5C%24%20254.326%5C%5C%5C%5C)
The difference between the monthly payment of R and S is equal to $48.53.
Hence, Loan R's monthly payment is greater than the loan's monthly payment by $48.53
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The internet corporation for assigned names and numbers uses companies named accredited domain name registrars to handle the business of registering domain names. In addition, cloud computing denotes to a computing setting where software and storage are delivered as an internet service and get into with a web browser.
Answer:
a. an ownership interest in the corporation.
Explanation:
Stock refers to the stake of the owners of a corporation in the company.
It is sometimes referred to as shares or owner's equity and the owners of stock are called shareholders.
Stock therefore may be described as an ownership interest in the corporation represented as equity in the financial statement.
Option a is right.
Answer:
Stock price=$128.44
Explanation:
Calculation for stock price
First step is to calculate for dividend payout ratio using this formula
Dividend payout ratio=Dividend payout/Earnings
Let plug in the formula
Earnings=($1.90/0.25)
Earnings=$7.6
Now let calculate for PE ratio using this formula
PE ratio=Stock price/EPS
Let plug in the formula
Stock price=$7.6*16.9times
Stock price=$128.44
Therefore Stock price will be $128.44
There are at least 3 reasons why an artist would represent their ideas in abstract form. First, they may try to show the essential form or shape of the subject matter as in some paintings of the Group of Seven or Emily Carr in Canada in portraying snowy mountains or forests for example. Then, they may show disfigured people and horses screaming their outrage and dismay at being bombed like the painting of Guernica by Picasso to show outright rejection of the terrible bombing of Guernica in Spain by the Nazis in WWII. Also, color in an abstract painting can show the emotions of the painter such as in dark forests by Emily Carr to capture the feeling of being inside a dense forest of being closed in yet surrounded by wonderful vegetation.
