1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fiasKO [112]
4 years ago
9

Josh purchased a baseball team for 100 million dollars and financed the entire purchase price at a nominal rate of interest paya

ble 12 times per year at 6% per annum. Josh planned to repay the loan with 10 annual payments of equal amount beginning one year after the loan began. Right after Josh made his fourth annual payment, he refinanced the loan at an effective annual interest rate of 5% for 15 more years. Josh repaid this new 15 year loan with equal payments at the end of each year. How much were these new payments for the refinanced loan?
Business
1 answer:
JulijaS [17]4 years ago
6 0

Answer:

4 millions

Explanation:

First, we will check how much was amortizate for the first loan:

Principal 100 million

on 10 equal payment

amortization per year 100/10 = 10 millions

we refinance at the end of the fourth installment

10 x 4 = 40 millions

The principal at the end of year four:

Principal 100 millions - 40 millions = 60 millions

This amount will be paid on 15 years with 15 equal payment

60 million / 15 years = 4 millions

You might be interested in
An example of public relations is a ____________.
BARSIC [14]

Answer:

D- charitable activity such as an exhibit or parade sponsored by a business

Explanation:

charity commissions a public relations agency to create an advertising campaign to raise money to find a cure for a disease.

5 0
3 years ago
How should Kane work with the salespeople to introduce the change?
Nataly [62]

activities. In this chapter, you will learn about these two important management activities. ... To implement organizational change, managers must work to overcome that resistance ... Second, Kane's salespeople were.
3 0
4 years ago
Would you recommend that Apple raise or lower its price for the iWatch to increase​ revenue?
melisa1 [442]

I would recommend it lower its price.

Explanation:

iWatch is not a product a lot of people wish for and it doesn't compliment the life of users enough to be expensive to buy. When it is expensive sales will reduce which would make sales revenue reduce but if the price is low a lot of people will patronize the product thus increase revenue.

#learnwithbrainly

6 0
3 years ago
Joel and Liza are having a disagreement over one of their stock investments, which just lost 15 percent in a short period of tim
anastassius [24]
B.

It says Liza is risk tolerant, therefore it would make sense that she would hold on to these stocks as risk tolerant people often hold onto stocks in the long term.
8 0
3 years ago
Read 2 more answers
Mark is considering opening a money market account. What is an issue that he needs to be aware of when comparing a money market
Anna11 [10]
The right answer for the question that is being asked and shown above is that: "C) Mark will not be able to write checks from a money market account, which will encourage him to save money." This an issue that he needs to be aware of when comparing a money market account to a checking <span>account</span>
3 0
3 years ago
Other questions:
  • Exercise 4-6 Completing the income statement columns and preparing closing entries LO P1, P2 These partially completed Income St
    14·1 answer
  • Pochard Paints manufactures artist’s oil paints. Each 40 ml tube of paint requires 5 minutes of direct labor, and the standard l
    9·1 answer
  • Jones runs a television ad that shows her opponent smith in black and white looking tired toward the end of the ad jones appears
    14·1 answer
  • Folsom Fashions sells a line of women's dresses. Folsom's performance report for November is shown below. (CMA adapted)
    7·1 answer
  • The ability of an office holder to avoid challenges from quality challengers is known as the __________ effect.
    15·1 answer
  • Why should workplaces offer opportunities for advancement? Should this apply to every employee?
    10·1 answer
  • You are considering 2 investment alternatives. The first is a stock that pays quarterly dividends of $0.25 per share and is trad
    12·1 answer
  • Economic growth is an increase in a nation’s output of goods and services over time. True or False
    15·1 answer
  • A bottling company uses two inputs to produce bottles of the soft drink​ Sludge: bottling machines​ (K) and workers​ (L). The is
    5·1 answer
  • David, the manager of a bookstore, prefers to directly point out other's mistakes. Some employees see his communication style as
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!