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uranmaximum [27]
3 years ago
14

a. Complete an amortization schedule for a $32,000 loan to be repaid in equal installments at the end of each of the next three

years. The interest rate is 12% compounded annually. Round all answers to the nearest cent.

Business
1 answer:
Gre4nikov [31]3 years ago
3 0

Answer:

Amortization schedule is attached.

Explanation:

Key matrix

Present value annuity factor  

Rate = 12%  

Terms = 3 years  

Annuity factor = 2.408 (this can be derived from present value table - annuity factor)  

Annual payment = 32,000/2.408

Annual payment = $13,323.17  

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Mkey [24]

Answer:

Q is 98

Explanation:

Marginal (average) cost (including opportunity cost) = $8 + $2 = $10

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Answer with its Explanation:

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3 years ago
What are 2 examples of variable expenses?
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4 years ago
On January 22, Ireland Corporation issued for cash 19,000 shares of no-par common stock at $25. On February 14, Ireland issued a
ahrayia [7]

Answer:

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Explanation:

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7 0
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Orange Corporation has budgeted sales of 18,000 units, targeted ending finished goods inventory of 4,000 units, and beginning fi
Fittoniya [83]

Answer:

19,000 units

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