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xeze [42]
3 years ago
7

You want to buy a car, and a local bank will lend you $10,000. The loan would be fully amortized over 4 years (48 months), and t

he nominal interest rate would be 9%, with interest paid monthly. What is the monthly loan payment? Do not round intermediate calculations. Round your answer to the nearest cent
Business
1 answer:
TiliK225 [7]3 years ago
3 0

Answer:

the monthly paiment will be: $ 248.85

Explanation:

Total principal paid will be :$ 10,000

Total interest paid: $ 1,944.82

Month 1 :

Payment;248.85 Principal: 173.85 Interest: 75.00 Balance: 9,826.15

Month 2:

Payment:$248.85 Principal $175.15 Interest $73.70 Total interest $148.70 Balance $9,651.0

And so on...

Mont 48:

JPayment: $248.85 Principal$247.00 Interest: $1.85 Total interest:$1,944.82 Balance:$0.00

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During a management meeting, Lester, the CEO of Elite Office Equipment, reminded his management team of where the company wants
REY [17]

Answer: Vision statement

Explanation:

Vision statement is referred to as or known as an organization's road map, which tends to indicate what the organization believes to become and achieve by putting forth a well defined direction and route for the organization's growth. These statements usually undergo the minimal revisions throughout the lifetime of an organization, unlike the operational goals that might be revised on yearly basis.

7 0
3 years ago
Shelton Enterprises is expecting tremendous growth from its newest boutique store. Next year the store is expected to bring in n
Sedaia [141]

Answer:

B. $6,448,519

Explanation:

The computation of the present value of this growing annuity is given below:

PVA = [Cash flow at year 1 ÷ (interest rate - growth rate)] × {1 - [(1 + growth rate) ÷ (1 + interest rate)^number of years}

= [$675,000 ÷ (0.18 - 0.13)] × [1 - (1.13 ÷ 1.18)^15]

= $6,448,519

Hence, the correct option is b.

4 0
3 years ago
Piper Corporation, which manufactures dog toys, is developing direct labor standards. The basic direct labor rate is $12.00 per
Alex787 [66]

Answer:

Total= $19.56

Explanation:

Giving the following information:

The basic direct labor rate is $12.00 per hour. Payroll taxes are 13% of the basic direct labor rate, while fringe benefits such as vacation and health care insurance, are $6.00 per hour.

<u>The direct labor standard rate per hour is calculated using the direct labor rate, the taxes and fringe benefits.</u>

Standard direct labor rate:

Direct labor rate= 12

Payroll taxes= (12*0.13)= 1.56

Fringe benefits= 6

Total= $19.56

6 0
3 years ago
Will a u.s. treasury bill have a risk premium that is higher than, lower than, or the same as that of a similar security (in ter
aleksklad [387]

A U.S. Treasury bill will have a lower risk premium since U.S. government-issued securities are usually considered to be default free.

In comparison to a company bond with a Baa rating, a company bond with a score will have a higher risk premium on its interest. While compared to corporate bonds with a Baa rating, the C grade bond has a higher default risk, which reduces demand and increases interest rates.

The equity risk premium enables to set portfolio go back expectancies and decide asset allocation. A better top rate implies that you might make investments a greater percentage of your portfolio into shares. Capital asset pricing also relates a inventories anticipated go back to the equity premium.

Learn more about company here: brainly.com/question/24448358

#SPJ4

7 0
2 years ago
How can gdp per capita and poverty rates indicate standards of living in each system?​​
muminat
<h3>~!+~!+~!+!+~!+~!+~!+~+!+~+!+~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+~!+~+!+~+!~+!+~+!~+!~+!~+!~+!~+!~+!~+!~+!~+~!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~</h3><h3 /><h3>Hello! If this answer doesn’t fulfill all of your questions, or it doesn’t have the exact information you are looking for, I apologize. But, I will try to help you to my best ability! <3</h3><h3 /><h2>Answer:</h2><h3>Gross Domestic Product (GDP) per capita and poverty rates are both measures that can be used to measure standards of living because they are both measures of how much money people have. The two measures can be used to supplement one another. This gives a measure of how much money the average person makes in a year.</h3><h3 /><h3>Again, hope this helps! Good luck! :D</h3><h3 /><h3>~!+~!+~!+!+~!+~!+~!+~+!+~+!+~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+~!+~+!+~+!~+!+~+!~+!~+!~+!~+!~+!~+!~+!~+!~+~!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~+!~</h3><h3 />
6 0
3 years ago
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