$73,000x8.5%=$6,205 for one year
I believe you are looking for either this number or $6,205x8?
$49,640 for 8 years
Answer:
A. ($16,000)
Explanation:
The computation of the expected value of return equal to
= (Higher return × probability rate) - (Less return - probability rate)
= ($20,000 × 70%) - ($100,000 × 30%)
= $14,000 - $30,000
= - $16,000
For computing the correct value we have to deduct the tighter money conditions from the normal conditions.
Answer:
The principal balance is $151,573
Explanation:
For computing the principal balance, we need the following calculation which is shown below:
1. First we have to compute the 1 month interest payment which equals to
= Note amount × rate × 1 month ÷ total months in a year
= $152,000 × 14% × 1 ÷ 12
= 1773.33
2. Now deduct the first month interest from installment amount which equals to
= Installment amount - Interest amount
= $2,200 - $1773.33
= $426.67
3. Now subtract step 2 amount from notes amount which equals to
= Notes amount - principal amount
= $152,000 - $426.67
= $151,573.33
Hence, the principal balance is $151,573
Answer:
$ 50144
Explanation:
Given:
Cost formula for the the wages and salaries = $ 2420 / month + $ 388 / birth
planned number of activity = 119 births
Actual level of activity = 123 births
the wages and salaries in the flexible budget for January, using the given formula will be calculated as:
the wages and salaries = ( $ 2420 × 1 ) + ( $ 388 × 123) = $ 50144