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lisov135 [29]
3 years ago
12

You have a loan outstanding. It requires making three annual payments at the end of the next three years of $3000 each. Your ban

k has offered to allow you to skip making the next two payments in lieu of making one large payment at the end of the loan’s term in three years. If the interest rate on the loan is 5%, what final payment will the bank require you to make so that it is indifferent between the two forms of payment?
Business
1 answer:
Oksana_A [137]3 years ago
5 0

Answer:

The final payment would be of amount $9000

Explanation:

The keywords of the question state that the bank needs an equal amount of money by both of the payment procedures. Hence, no matter which payment method I choose on the outstanding loan, the bank would need a sum of 3x3000 = $9000

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Model in which an organization outsources the equipment used to support operations including storage.
Gelneren [198K]

A provision model known as Infrastructure as a Service (IAAS) allows an organization to outsource the hardware, servers, storage, and networking components necessary to support operations.

What exactly does "IaaS infrastructure as a service" imply?

Pay-as-you-go infrastructure as a service (IaaS) is a type of cloud computing service that provides essential computing, storage, and networking resources on demand.IaaS is one of the four kinds of cloud administrations, alongside programming as a help (SaaS), stage as a help (PaaS), and serverless.

What exactly is infrastructure?

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6 0
1 year ago
48. What does management say they are doing to assure the public that the financial information is reliable
WARRIOR [948]

Answer:

Management of a company is responsible for integrity and objectivity of financial statements. It is management's responsibility to comply with all applicable accounting standards while preparing financial statements.

Explanation:

There should be strict internal controls in a company. A company management is responsible to comply with all laws, and prepare financial standards free from errors. There should be no window dressing and information presented should be reliable. A company management is also responsible to maintain effective internal control system.

6 0
2 years ago
An engineer wishes to have $3 million by the time he retires in 35 years. Assuming 8% nominal interest, compounded continuously,
Genrish500 [490]

Answer:

annual sum must he set aside $16209.42

Explanation:

given data

engineer wishes = $3 million

retires time = 35 years

nominal interest = 8%

solution

we get here effective annual rate that is

interest rate  = e^{r} - 1  ...........1

interest rate  = e^{0.08} - 1

interest rate  = 0.08328 = 8.33%

and

now we get annual sum must he set aside that is

amount = $3 million × \frac{rate}{(1+rate)^{t}-1}

amount = $3000000 × \frac{0.0832}{(1+0.0832)^{35}-1}

amount = $16209.42

5 0
3 years ago
Which of the following is the process of​ designing, managing, and improving the movement of finished goods and works in process
IrinaVladis [17]

Answer:

E. Outbound logistics.

Explanation:

Outbound logistics is the process of​ designing, managing, and improving the movement of finished goods and works in process through the supply​ chain. In outbound logistics goods are stored, transported and distributed to the customers. There are two types of logistics, inbound and outbound. In inbound logistics, goods and materials move inside the organization while in outbound logistics the movement of the products is outside of the business. Outbound logistics is one of the important mechanism of the organization where they move their final products to the distributors, wholesalers and final consumers.

4 0
3 years ago
The following data were taken from the financial statements of The Amphlett Corporation, which is all equity financed. 2012 2013
Lerok [7]

Answer:

2012   -   2013

a. Return on equity    26,2%   -  25,0%

b. Return on assets    14,0%  -   14,3%

c. Return on sales        18,1%  -   18,5%

d. Total assets to shareholders' equity    1,88    -    1,75  

e. Asset turnover   0,77     -      0,77  

Explanation:

                          2012 2013

TOTAL ASSETS   $191.225   $212.440  

TOTAL EQUITY   $101.975   $121.165  

Income Statement         2012 2013

Sales                            $147.860  163.585  

Net Income after Taxes      $26.765  30.340  

8 0
3 years ago
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