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vlada-n [284]
4 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]4 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

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svetoff [14.1K]

Answer: total required direct labor hours

Explanation: hope this helped, have a nice day, good luck

6 0
4 years ago
Susie has an iq score of 90. according to the distribution of iq scores, susie's iq falls into what category?
VashaNatasha [74]

Susie’s IQ falls into the average category. It is because since she receive the IQ score of 90, a person with an IQ score of 90-109 is considered to have a normal up to the average intelligence in which she acquires.

3 0
3 years ago
Business cycles are
igor_vitrenko [27]
C is the answer
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5 0
3 years ago
When an advertiser cites technical information, such as the results of laboratory studies, in an advertisement, a(n) _____ style
Dominik [7]

Answer:

Scientific/technical evidence

Explanation:

When an advertiser cites technical information, such as the results of laboratory studies, in an advertisement, a scientific/technical evidence style of execution is being used. This information is much important for the customers for certain products and services. For example, Toothpaste making companies use to highlight that their toothpaste has been approved by certain dental associations and some highly useful and recommended chemicals also present in their toothpaste which are very useful for the protection of teeth and gums. Likewise, when shampoo making brands highlight use of certain chemicals in their ads etc.

3 0
3 years ago
When Jane appeared for an interview at Incogyn Inc., she was promised a monthly pay of $7,500 after all tax deductions. However,
musickatia [10]

Answer:

C) legal component

Explanation:

When Jane got the job at Incogyn Inc she signed a contract that states she would receive $7,500 after all taxes are paid. Instead she was paid $7,230.

This is a misinterpretation of information, breach of the contract between Jane and Incogyn so the loss incurred was as a result of legal component of Incogyn Inc's environment.

When companies make deductions not previously agreed upon, the information should be passed along to the employees to avoid legal action.

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