1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrej [43]
3 years ago
12

A homeowner has a ten‑year home-improvement loan for $36,875. What are the annual payments required by the loan if the annual ra

te of interest is 4 percent

Business
1 answer:
neonofarm [45]3 years ago
4 0

Answer:

$4,546.35

Explanation:

We use the PMT formula that is to be presented in the attachment. kindly find out below:

Provided that,  

Present value = $36,875

Future value or Face value = $0

Rate = 4%

NPER = 10 years

The formula is shown below:  

= -PMT(Rate;NPER;PV;FV;type)  

So, after solving this, the annual payment required is $4,546.35

You might be interested in
Explain the difference between what health insurance covers and what long term disability insurance covers
OLEGan [10]

Answer:

In essence, health insurance benefits enable employees to seek needed medical care. Disability insurance replaces a portion of employee income when they can't work because of an illness or disability. For the most part, disability insurance will not replace all of someone's income.

Explanation:

4 0
2 years ago
​Wellness, a healthy living​ magazine, collected in subscription revenue on May 31. Each subscriber will receive an issue of the
PIT_PIT [208]

Answer: $220,000

Explanation:

Using the Accrual Method of Accounting means that revenue is only to be recorded when it is earned i.e. when services have been delivered.

Any revenue received when the services have not been delivered will be recorded as Unearned Revenue.

With $528,000 in subscription revenue, the monthly subscription is;

= 528,000/12

= $44,000

From June to December would be 7 months so they would have earned;

= 44,000 * 7

= $308,000

The amount that they have not earned but have received would therefore be;

= 528,000 - 308,000

= $220,000

<em>This amount will be recorded after they finish deliveries of magazines in next year May. </em>

7 0
3 years ago
Research estimates that the cost of health care is ________ higher for high-stress workers then for workers with less stress.
Taya2010 [7]
What are your choices
7 0
3 years ago
Using a steel framework with masonry sheathing, the _____________, designed by louis sullivan, is thought by many to be the firs
xxTIMURxx [149]

wainwright building

7 0
3 years ago
Josh purchased 100 shares of XOM at the beginning of 2016. He received dividends per share of​ $1.37 (2016),​ $1.55 (2017),​ $1.
Natalka [10]

Answer: 7.80%

Explanation:

At the end of 2016, Josh received a dividend of $1.37 and at the end of 2020, he received one of $1.85.

You can calculate the growth rate with the formula:

Dividend Growth Rate = (Dividend received at end of 2020/Dividend received at end of 2016) ^ (1/n) - 1

2016 to 2020 is 4 years.

Dividend growth rate = (1.85 / 1.37)¹/⁴ - 1

= 0.07798518

= 7.80%

8 0
3 years ago
Other questions:
  • Which of the following does not describe​ derivatives? A. These financial instruments are often used to speculate. B. Insurance
    15·1 answer
  • Walnut has received a special order for 2,700 units of its product at a special price of $200. The product normally sells for $2
    9·1 answer
  • Ron and Amie invested $5,000 in an educational savings account for their daughter when she was born. They were unable to ever ad
    15·1 answer
  • Choose the statements that CORRECTLY describe a business organization.
    7·2 answers
  • On the first day of class at a new university you made judgments about the quality of the class before the professor had entered
    6·1 answer
  • What percentage of individuals aged 65 and over rated their health as good, very good or excellent during the period of 2006-200
    6·1 answer
  • MCDONALDS GIVE DIRECTIONS
    9·2 answers
  • La factura debe tener preimpreso la denominación
    9·1 answer
  • What is the difference between gross pay and net pay?
    5·1 answer
  • ______________ can arise from the estimation process or the stability of the project team. assumptions internal risks cost overr
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!