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
Suppose that the adult population in the town of Springfield is 225 million. If 40 million are unemployed and 100 million are em
amid [387]

Answer:

a) 29%

Explanation:

The formula to compute the unemployment rate is shown below:

Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100

where,

Number of unemployed = 40 million

Total labor force = Number of unemployed + number of employed

                            = 40 million + 100 million

So, the unemployment rate would be

= (40 million) ÷ (140 million) × 100

= 29%

5 0
2 years ago
Data concerning Follick Corporation's single product appear below: Selling price per unit $ 270.00 Variable expense per unit $ 7
kumpel [21]

Answer:

Break-even point (dollars)= $219,000

Explanation:

Giving the following information:

Selling price per unit $270

Variable expense per unit $78.30

Fixed expense per month $ 155,490

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 155,490/ [(270 - 78.3)/270]

Break-even point (dollars)= $219,000

8 0
3 years ago
During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts
Scilla [17]

Hey! How are you? My name is Maria, 19 years old. Yesterday broke up with a guy, looking for casual sex.

Write me here and I will give you my phone number - *pofsex.com*

My nickname - Lovely

7 0
3 years ago
Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation’s ant
Andrej [43]

Based on the costs incurred by Kasper Corporation to make the commercial-grade cooking griddle, the total cost per unit is <u>$55.00.</u>

<h3>What is Kaspar Corporation's cost per unit?</h3>

This can be found as:
= Direct materials + Direct labor +  Variable manufacturing overhead  + Fixed manufacturing overhead per unit + Variable selling and administrative expenses + Fixed selling and administrative expenses per unit

Solving gives:

= 17 + 8 + 11 + (300,000 / 30,000) + 4 + (150,000 / 30,000)

= $55

Find out more on the total cost of produced units at brainly.com/question/18089483.

#SPJ1

6 0
1 year ago
Global reserves of oil, gas, and coal are still abundant. <br> a. True <br> b. False
tiny-mole [99]
I think the answer must be True! Because the scientist are uncertain of how long the resources will be last. Hope it helped you!  Have a great day! :)
3 0
3 years ago
Other questions:
  • When an organization needs to hire semiskilled workers and would like to keep the price of advertising low and not attract any a
    15·2 answers
  • A bank money manager estimates that the bank will experience a liquidity deficit of $400 million with a probability of 10 percen
    9·1 answer
  • Holten Farm sells new tractors and pays each salesperson a commission of $1,000 for each tractor sold. During the month of Augus
    8·1 answer
  • Suppose a firm is considering the purchase of a machine which when used will increase its total revenues by $10,000 for the year
    15·1 answer
  • What are 3 factors of the external environment that can affect college enrollment?
    15·1 answer
  • Walter receives cash of $18,000 and land with a fair market value of $75,000 (adjusted basis of $50,000) in a current distributi
    5·1 answer
  • If investors receive a 6% interest rate on their bank deposits, what real interest rate will they earn if the inflation rate ove
    15·1 answer
  • What is the highest expected return these bonds could​ have? At the​ time, similar maturity Treasuries had a yield of 0.89 %. Co
    10·2 answers
  • December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudoun u
    14·1 answer
  • Which employees should be aware of how to turn off power to a shop in an emergency?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!