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JulsSmile [24]
3 years ago
15

Cooley Landscaping Company needs to borrow ​$21 comma 000for a new​ front-end dirt loader. The bank is willing to loan the funds

at 9.5​%interest with annual payments at the end of the year for the next 7years. What is the annual payment on this loan for Cooley​ Landscaping?
Business
1 answer:
kaheart [24]3 years ago
8 0

Answer:

$ 4242.76

Explanation:

Annual payment = rP / (1 - ( 1 + r)^-n)

r = rate = 9.5%

P = the amount borrowed = $ 21000

n = number of years

Annual payment = 0.095 ($ 21 000) / ( 1 - (1 + 0.095)⁻⁷ ) =  $ 4242.76

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Answer:

IRR = 3.64%

Explanation:

using a financial calculator or excel spreadsheet we can determine the IRR of this investment:

year 0 = -$15,000

year 1 = $0

year 2 = $0

year 3 = $0

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year 5 = $6,000

year 6 = $7,000

IRR = 3.64%

Since your required rate of return is 12%, you should pay a maximum of  $10,128.57

6 0
3 years ago
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Westkost [7]

Answer:

Han Dynasty

Explanation:

Han Dynasty art is an art that originated from China.

Han Dynasty art refers to a type of artwork that comprises of lacquerware productions, paintings on paper, jade carving, calligraphy, and silk weaving using materials such as stones, glazed and unglazed ceramics, bronze, wood, jade, etc. to create beautiful art piece.

Han Dynasty art and inventions like paper still influence the world today because they are widely accepted and beautiful.

8 0
3 years ago
A natural monopoly, such as a local electricity provider, is the result of: i. a firm owning or controlling a key input used in
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7 0
3 years ago
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Zinaida [17]

Answer:

D) seniority system

Explanation:

A disparate treatment (or impact) by an employer refers to a claim that an employer is treating an employee differently than others not publicly or directly, but that discrimination produces a negative effect.

Title VII of the Civil Rights Act protects employees from discrimination based on gender, race, color, national origin and religion.

3 0
3 years ago
Suppose Foreign (Upper F )imposes a tariff on imports from Home (Upper H ). All else​ equal, this action will cause the​ long-ru
Orlov [11]

Answer:

D. increase; decrease

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Therefore, domestic currency will depreciate and foreign currency will appreciate thus this action will lead to real home/Foreign rate to increase and will decrease the nominal home/foreign exchange rate.

5 0
3 years ago
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