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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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A modification to a product that changes the taste, texture, sound, smell, or appearance is a(n) _______.
Paha777 [63]

A modification to a product that changes the taste, texture, sound, smell, or appearance is a <u>style modification.</u>

<u></u>

Product modification is the process of improving already-existing items by making the required adjustments to their nature, size, packing, colour, and other attributes in order to better meet changing market demands. The goal of the product change is to retain current demand, draw in new customers, and effectively compete with rivals.

The company's earnings improve as a result of increased sales, which are aided by this. The product's look is altered as part of the style enhancement plan. Nevertheless, a product's quality never changes. Here, the product's packaging or its shape, colour, or other characteristics may be altered. The fashion business frequently employs this tactic.

To learn more about Product modification here,

brainly.com/question/13922806

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6 0
2 years ago
asset w has an expected return of 15.7 percent and a beta of 1.75. if the risk-free rate is 3.3 percent, what is the market risk
Marizza181 [45]

The market risk premium is 14.12. A market risk premium in finance and economic is used to measure how much the level of risk.

A risk premium means a measure of excess return that is used by an individual to compensate being subjected to an improved degree of risk. A risk premium is the common definition being the expected risky return less the risk-free return.

To find the amount of risk premium, we can calculate it use beta of the stock formula:

Beta of the stock = (expected return - risk-free rate) ÷ risk premium

Because we need the amount of  risk premium, then it will be:

Risk premium = Beta of the stock/(expected return - risk-free rate)

Risk premium =  1.75/(15.7% - 3.3 percent)

Risk premium = 1.75/(0.157 - 0.033)

Risk premium = 1.75/0.124

Risk premium = 14.12

Thus, the market risk premium is 14.12.

Learn more risk premium, here brainly.com/question/28235630

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5 0
1 year ago
Michael Chang buys only tennis rackets during a particular year. During the year in question, the price of all goods rises by 10
Zolol [24]

Answer:

Michael does not experience inflation because he only buys Tennis rackets

Explanation:

Inflation is defined as increases in price per unit price.

It is the prolonged increase in the price of goods and services caused by devaluation of currency , demand -pull or cost - push. While a certain degree of inflation can be beneficial to a thriving economy , it can become a threat if it becomes larger.

One of the direct impact of inflation is rise in price of goods and services.

As the price of rackets was not affected by the inflation , that means that Michael was not affected by the inflation.

6 0
2 years ago
WILL GIVE BRAINLIEST Analyze an example of government failure in U. S. economic history.
Gnesinka [82]
Financial de-regulation from the Reagan Administration in the 80's had the largest impact on the financial crisis of 2008.
5 0
3 years ago
Click this link to view O*NET's Education section for Construction Managers. According to O*NET, what is the most
MrMuchimi

Answer:

bachelors degree

Explanation:

just answered this on my test and got correct.

5 0
2 years ago
Read 2 more answers
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