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
vlada-n [284]
3 years ago
12

A firm has borrowed $5,000,000 for 3 years at 10% interest, compounded annually. It makes no payments until the loan is due, and

then pays the loan off as a lump sum. What is the payoff amount at the end of year 3?
Business
1 answer:
algol [13]3 years ago
4 0

Answer:

$6,655,000

Explanation:

A = P(1\ +\ r)^{n}

wherein, A= Amount

              P= Principal

              R= Rate of interest per annum

              n = term to maturity

Pay off amount at the end of year 3 = $5,000,000(1\ +\ .10)^{3}

Amount = $5,000,000 × 1.331 =  $ 6,655,000

Amount due of a borrowing is equal to the money borrowed initially compounded at a rate of interest for a known period.

Above. rate of interest is 10%, since the money has been repaid only upon due date, three year compounding of the said sum at 10% per annum rate of interest yields the payoff amount which is $6,655,000

You might be interested in
The aggregate demand curve
laiz [17]

Answer:

<u>B. shows planned purchase rates of goods and services at various price levels.</u>

Explanation:

  • The aggregate demand is the total demand for final goods and services in the economy over a given period of time. And is often distinguished as the effective demand curve. That is the demand for the GDP of the nation.
  • As it specifies all the goods and the services that are to be purchased at all the possible levels. Hence this demand curve shows us the real output given on the horizontal axis. Thus the curve shows the quantity of the output that is demanded and the aggregate of the all price level.
5 0
3 years ago
Carbondale Casting produces cast bronze valves on a 10-person assembly line. On a recent day, 160 valves were produced during an
RideAnS [48]

Answer:

(a) 2

(b) 2.25

(c) 12.5%

Explanation:

To solve this question we need to remember that

Total \, Productivity = \frac{Total\,Ouput}{Total \, Man \, Hours}

(a) 10 persons produce 160 valves in 8 hours, this implies a productivity of 2=160/(8x10)

(b) 2.25= 180/(8x10)

(c) Percentage change is given by (2.25-2)/2=.125

5 0
3 years ago
According to anthropological ethics, the first responsibility of the anthropologist is to the people studied.
Len [333]

<span>The answer is true. The anthropologists have main ethical obligations to the people, species, and materials they research and to the people with whom they work. These duties can exchange the goal of seeking new knowledge, and can lead to decisions not to start or to stop a research project when the primary obligation conflicts with other responsibilities, such as those unsettled to sponsors or clients.</span>

8 0
3 years ago
Houston Fashions is considering a new product line that would require an investment of $ 140,000 in fixtures and displays and $
steposvetlana [31]

Answer:

4.88 years

other methods should be used because payback method does not account for the time value of money

Explanation:

6 0
3 years ago
Marin's Cleaning Supplies Company has an idea for a cleaner that is universal and can clean any surface type. This could simplif
Oksana_A [137]

Answer:

Test marketing.

Explanation:

Test marketing is an experimental tool used by manufacturers to test the viability of their products under typical market conditions, comprised of stores and real life buying situations, in order to determine its sales performance and ascertain its acceptability by consumers.

Hence, Marin's Cleaning Supplies Company when doing business analysis should consider test marketing strategy when deciding whether to develop the cleaner.

4 0
3 years ago
Other questions:
  • Which of the following practices will lead to sustained, superior performance in organizations?A. limiting the decision-making a
    9·1 answer
  • Insurance is a financial service that allows a
    13·2 answers
  • Noa was paid a 25 percent commission for selling a used car. Percents Total 100% If she was paid $1,631.24, what was the selling
    6·2 answers
  • Sheffield’s Manufacturing Company can make 100 units of a necessary component part with the following costs: Direct Materials $1
    6·1 answer
  • In 2017, Ozzie purchased a 2014 Ford Escort from his neighbor for his son, purchased a 2013 "one owner" Camry from Larchmont Toy
    13·1 answer
  • An important way of viewing new products is in terms of their effects on consumption, which from the perspective of consumers is
    6·1 answer
  • A former employee of your firm was dismissed when it was suspected that she had stolen from the petty cash account. It could not
    14·1 answer
  • Design Math Quiz
    11·1 answer
  • Select the two statements about owners of equity in a business that are TRUE.
    14·2 answers
  • Discuss the major options organizations have for reducing labor surpluses. In doing so, discuss how they vary in terms of speed
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!