Answer:
Monthly installment= $168.77
Explanation:
<em>Loan amortization is a loan repayment arrangement where a loan is repaid using a series of equal installments over the years of the loan. Each installment covers the interest due and a portion of the principal balance
</em>
The monthly installment = Loan amount/monthly annuity factor
<em>Annuity factor = (1 - (1+r)^(-n))/r)
</em>
r - monthly interest rate, n- number of months
Monthly interest rate = 6%/12= 0.5%
Number of months = 15× 12 = 180
Annuity factor = ( 1-(1.005)^(-180))/0.005
= 118.50
Monthly installment = 20,000/168.771
= $168.77
Answer:
Monthly installment= $168.77
Answer:
1.6 hour
Explanation:
Given
Rate of Arrival =30 per hour
Rate of Processing = 25 per hour
Open Time = 8am
Close Time = 4pm
How long the last package has to wait before it is processed is calculated by;
Duration = ∆Time/∆Rate
∆Time = 4pm - 8am
∆Time = 8 hours
∆Rate = Rate of Arrival - Rate of Processing
∆Rate = 30 - 25
∆Rate = 5 per hour
Duration = 8 hours ÷ 5 per hour
Duration = 1.6 hours
Answer:
b. comparisons between companies with drastically different levels of sales is made easier
Explanation:
- An advantage of the common size income statement is that they help the financial users to understand more clearly interns of the ration or the percentage of each individual item in the economic statements the percentage of the total sales of the company.
A decline in interest rates is expected to put the economy in recession. This is because with less interest comes less money earned and less spending as a result.
