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BigorU [14]
3 years ago
6

"Today you made a student loan of $10,000 with the 5.5% annual interest rate. You will be in school next four years and you do n

ot have any obligation to make payments until you graduate while the interest accumulates. How much will you owe in four years when you start making payments?"
Business
1 answer:
Artist 52 [7]3 years ago
8 0

Answer:

$12,388.25

Explanation:

The computation of the amount owed is shown below:

= Today value × (1 + annual rate of interest)^given number of years

where,

Today value = $10,000

Annual interest rate = 5.5%

Number of years = 4

Now placing the values

So, the amount owed equal to  

= $10,000 × (1 + 0.055)^4

= $10,000 × 1.2388246506

= $12,388.25

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When a full set of general purpose financial statements is presented, comprehensive income and its components A. Appear as part
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Answer:

D) Must be reported in a presentation that includes the components of other comprehensive income and their total.

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Comprehensive income (net income plus other comprehensive income) must be reported in a presentation that includes the components of other comprehensive income and their total.

4 0
3 years ago
You want to invest $50,000 in a portfolio with a beta of no more than 1.4 and an expected return of 12.4%. Bay Corp. has a beta
IRISSAK [1]

Answer:

Assume the weight to be invested in Bay Corp is x. That means (1 - x) will be the weight for City Inc. The expression for the expected return will be;

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8 0
3 years ago
There are two main ways to measure social inequality, they are: Inequality of conditions refers to the unequal distribution of i
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Answer:

True.

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Answer:

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The forecasting ability of managers, on the balance of probability, will vary for different cases, with a helicopter view of providing a more accurate measure of their performance.

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Cheers!

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3 years ago
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