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zlopas [31]
4 years ago
13

Another bank is also offering favorable terms, so Rahul decides to take a loan of $22,000 from this bank. He signs the loan cont

ract at 8% compounded daily for six months. Based on a 365-day year, what is the total amount that Rahul owes the bank at the end of the loan's term
Business
1 answer:
Stels [109]4 years ago
7 0

Answer:

total amount that owes the bank at the end of the loan is $22897.74

Explanation:

given data

loan = $22,000

Annual rate = 8% = \frac{8}{365} = 0.021192 %

time = 6 month = 183 days

solution

we get here Amount at the end of loan tenure

Amount at the end of loan tenure = Amount borrowed × FVf at 0.02192%

Amount at the end of loan tenure = $22,000  × 1.040886

Amount at the end of loan tenure = $22897.74  

so total amount that owes the bank at the end of the loan is $22897.74

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Which ratio measures the number of dollars of operating cash available to meet each dollar of interest and other fixed charges t
dybincka [34]

Answer:

Fixed-charge coverage ratio

Explanation:

The fixed-charge coverage ratio can be regarded as a rato that gives the measurements of the ability of a firm have to cover all her fixed charges. These fixed charges could be expense as well as debt payments and interest. It displays the wellness that earnings of a company has to cover its fixed expenses. This ratio is considered by bank before they lend money to a business. It should be noted that Fixed-charge coverage ratio measures the number of dollars of operating cash available to meet each dollar of interest and other fixed charges that the firm owes.

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3 years ago
Straitway Company encourages its managers to behave ethically, reasoning that the employees will take their cues from management
inna [77]

Answer:

Demonstrate a commitment to ethical decision making

Explanation:

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3 years ago
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According to many experts, how often should files be backed up?
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important files should be backed up at minimum once a week,preferably once every 24 hours

8 0
3 years ago
GDP has grown in a country at 3% per year for the last 20 years. The labor force has grown at 2% per year and the quantity of ph
professor190 [17]

Answer:

0.6 or 60%

Explanation:

The country's productivity has grown at = 3% - 2% = 1%

Physical capital per worker has grown at = 4% - 2% = 2%

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productivity increase per 1% of increase in physical capital per worker x growth rate of physical capital per worker = 0.3 x 2% = 0.6%

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4 years ago
In which way do mood disorders differ from schizophrenic disorders​
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Hopes this helps

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