Objective: To make a bear using clay
Conclusion: We can conclude that we have made the clay bear using <em>(</em><em>your </em><em>ingredients</em><em>)</em><em> </em>within a time frame of <em>(</em><em>time </em><em>you </em><em>required</em><em>)</em><em>.</em>
Aubrey pays 20% of the
cost upfront, which means her loan amount will be 360,000. The formula to
calculate her monthly payment is Payment = Principal x (r) / (1-(1+r)^n), where
r is the monthly rate of interest (7.5%/12=.63%), and n is the number of terms
(30*12=360). The calculation yields a monthly payment of 2517.17. We can find
the present value of the first 96 payments (12 x 8) to find how much principle
will be paid down, and what the balloon payment will need to be to pay off the
rest of the principle.
<span>The
Remaining balance of a loan is found through the following calculation:
PV(1+r)^n – (P(1+r)^n)-1))/r where PV is the initial loan amount, P is the
monthly payment 2515.17, n is 96 and r is .0063, the monthly rate</span>. This calculation gives us roughly $325,001 remaining on the loan after 8 years, so this will be the balloon payment.
Answer:
01-Jan-19
Dr Cash $1,000,000
Cr Bonds Payable $1,000,000
Explanation:
Preparation of the Journal entry for Providence, Inc
Based on the information given we were told that the company issues the amount of $1,000,000 of 10% which include 5-year bonds at par value on January 1, 2019, this means that the Journal entry will be recorded as:
01-Jan-19
Dr Cash $1,000,000
Cr Bonds Payable $1,000,000
(To record bonds at par value)
From my knowledge, Lenders are the people who make them.
Answer:
The minimum value is $196,362.95
Explanation:
Giving the following information:
Cash flow= $20,000
The number of years= 20 years
Interest rate= 8%
First, we need to calculate the future value of the cash flows. We will use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= cash flow
FV= {20,000*[(1.08^20)-1]} /0.08
FV= $915,239.29
Now, we can calculate the present value. The present value is the minimum value yo accept.
PV= FV/(1+i)^n
PV= 915,239.29/ 1.08^20
PV= $196,362.95
