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Tasya [4]
4 years ago
6

g You borrow $10,000 from your bank to buy a new car. If the loan is for four years at 7% annual interest and payments are made

monthly, how much will your monthly payments be
Business
1 answer:
Lubov Fominskaja [6]4 years ago
6 0

Answer:

$ 238.47

Explanation:

To do the calculation first you have to identify that they are asking for the monthly payment so all the calculation will be done by month.

First you calculate the monthly rate, you change the TEA 7% to TEM which is 0.57%  (use the formula (1+TEA)^(1/12))-1.

The loan period is 4 years but you have to convert it to months so will be 48 months.

With all this information you can calculate the payment by month, you can use excel with the excel formula <u>PMT(rate;period;loan amount)</u>.

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Home expenses can be divided into which two categories
pychu [463]

Answer:

Expenses can be divided into two categories: direct and indirect expenses. Direct expenses hope this helps

Explanation:

3 0
3 years ago
Read 2 more answers
You don’t have to notify employees that a lockout/tagout is about to begin.<br> True<br> False
SCORPION-xisa [38]

False. Employees must be notified by the supervisor about the beginning of a lockout/tagout procedure.

  • Lockout and tagout are work procedures that ensure that safety is maintained for employees, especially during equipment repairs or maintenance.

  • Lockout involves ensuring that the operation of a machine or process is in a safe mode by isolating energy from the system.

  • Tagout is a labeling that ensures that warnings are issued to employees during a lockout so that a machine or process is not re-energized until the repair or maintenance is complete.

Thus, it is FALSE that employees will not be notified that a lockout/tagout is about to commence.

Read more: brainly.com/question/17759033 and brainly.com/question/17887045

6 0
3 years ago
Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 p
tester [92]

Answer:

4.40

Explanation:

For the nature of the Yield to Call and Yield to maturity

You can eiher solve with excel, a financial calculation or with approximation method

This will be the formula for approximation method

YTM = \frac{PTM + \frac{C-F}{n }}{\frac{PTM+F}{2}}

PTM= 41.25 (1,000 x 8.25 = 82.5 annual interest divide by 2 as there are semiannual payment)

C= 1045 This is the value of the called bond

F= 1000 The face value of the bond

n= 12 (6 years 2 payment per year)

We plug this into the formula and solve

YTM = \frac{C + \frac{C-P}{n }}{\frac{C+P}{2}}

partiel result of the upper part: 45

partial result, divisor: 1022.5

quotient 4.4009780%

8 0
3 years ago
What word does this caution,lookout,danger<br> is the signal word used for more sever hazards.
castortr0y [4]

Answer:

danger is used for the most severe hazards

Explanation:

6 0
2 years ago
The marginal revenue product schedule is: * 1 point A) the same whether the firm is selling in a purely competitive or imperfect
Inga [223]

Answer:

B) the firm's resource demand schedule.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.

Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.

Marginal revenue can be defined as the additional amount of money that is gained or generated by a business firm from the sales of an additional unit of a product or service.

Hence, the marginal revenue product schedule is equal to the firm's resource demand schedule i.e the quantity of goods demanded at different price level at a specific period of time.

7 0
3 years ago
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