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Over [174]
3 years ago
5

Axl will be borrowing $300,000 today to buy a house, and he will pay it back with 20 yearly payments starting one year from toda

y. If the effective annual interest rate is 7%, how much will the first payment be if the annual payments are constant
Business
1 answer:
Natalija [7]3 years ago
4 0

Answer:

$28,317.88.

Explanation:

The annual payment, PMT can be determined using a financial calculator as follows :

PV =  $300,000

N = 20

P/YR = 1

R = 7.00 %

FV = $0

PMT = ?

Using a financial calculator, the annual payment, PMT is $28,317.88.

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3 0
2 years ago
Fixed costs ________. Group of answer choices are the sum of the overhead and variable costs for any given level of production r
Sveta_85 [38]

Answer:

are costs that do not vary with production or sales level

Explanation:

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8 0
3 years ago
What are the costs and consequences of providing and to whom
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4 0
3 years ago
Simkin Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:
Anettt [7]

Answer:

0.34

Explanation:

Calculation to determine what The manufacturing cycle efficiency (MCE) was closest to:

First step is to calculate the Throughput time using this formula

Throughput time = Process time + inspection time + move time + queue time

Let plug in the formula

Throughput time=6.1+1.5+4.1+6.2

Throughput time=17.9

Now let calculate the MEC using this formula

MEC = process time / throughput time

Let plug in the formula

MEC=6.1/17.9

MEC =0.34

Therefore The manufacturing cycle efficiency (MCE) was closest to:0.34

8 0
3 years ago
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