All categories

3 years ago

Which loan type requires you to make loan payments while you’re attending school?

1 answer:

7 0

Unsubsidized federal loans requires you to make loan payments while attending school. With unsubsidized loans, students accumulate interest and are responsible for paying it all off, the interest will keep adding until the loan is paid off. These loans are on the low-cost, fixed rate side of the loan spectrum. the answered to your question is a I think?

You might be interested in

marcia strongly believes that loyalty in a relationship is very important. at her job, she is a purchasing agent. what two sets

jarptica [38.1K]

???huh what do you mean........

7 0

3 years ago

A good model should: Instructions: You may select more than one answer. Click the box with a check mark for correct answers and

charle [14.2K]

Answer:

1. describe the world accurately

2. predict cause and effect

3. state its assumptions clearly

Explanation:

A good model can be defined as a physical representation of something that is morally good, ideal and perfect.

A good model should;

I. Describe the world accurately: it should be all encompassing in its description of the world at large.

II. Predict cause and effect: it should state why there is a reaction to an action.

III. State its assumptions clearly: it should be concise.

7 0

3 years ago

After being stagnant for a few years, a clothing company started making profits consistently. Following this, the CEO of the com

Pachacha [2.7K]

Answer:

The gesture exemplifies its social responsibility.

Explanation:

The social responsibility of an organization is the contribution that it makes to the society because the soiety has made it what it is today. Because the society has contributed to its success, the company must contribute to the society as well. The helping of underprivileged people for free who are part of the society is an evidence that ht company knows its responsibilities towards the society and is an example of corporate social responsibility.

8 0

4 years ago

An individual deposits an annual bonus into a savings account that pays 6% interest compounded annually. The size of the bonus i

Natasha_Volkova [10]

Answer:

Immediately after the fifth deposit the individual will have $54,950 in his account.

Explanation:

For each year you have to calculate the total savings that the indivual has in the account.

The first year, denoted by $Y_{0}$ , the individual deposits $20,000 in his account. At the end of the year the interests are accrued on that principal, and the individual also deposits $5,000 more that will bear interests next year. So we have:

$Y_{0}=$20,000$

$Y_{1}=$20,000*(1+0.06)+$5,000 = $26,200$

And for each year we calculate the total savings accumulated, using the savings of the previous year as this period's principal:

$Y_{2}=$26,200*(1+0.06)+$5,000 = $32,772$

$Y_{3}=$32,772*(1+0.06)+$5,000 = $39,738.32$

$Y_{4}=$39,738.32*(1+0.06)+$5,000 = $47,122.62$

$Y_{5}=$47,122.62*(1+0.06)+$5,000 = $54,949.98$

Therefore the answer is $54,949.98.

In general the formula used for each period is the following:

$P_{n} = P_{n-1}*(1+r)+D$

Where:

$P_{n}$ are the total savings for the current period,

$P_{n-1}$ are the total savings from last period,

$r$ is the interest rate,

$D$ are the monthly deposits made into the savings account.

We further know that $P_{0}=$20,000$ .

4 0

4 years ago

On June 30, Year 2, Lomond, Inc., issued 20, $10,000, 7% bonds at par. Each bond was convertible into 200 shares of common stock

miskamm [114]

Answer:

$2.85

When convertible securities are converted into common stock during the period, it is assumed that they were converted as of the beginning of the earliest period presented for the purpose of computing diluted EPS. If the bonds had been converted at 1/1, the $7,000 in bond interest would not have been incurred. At a 30% tax rate, however, the increase to income would result in an increase to income tax of ($7,000 x 30%) $2,100. As a result, net income attributable to common stockholders would increase by the net of $4,900 to $39,900.

Each of the 20 bonds is convertible into 200 shares of stock. As a result, if they had been converted as of 1/1, there would have been an additional 4,000 shares outstanding for the year, increasing the number outstanding all year to 14,000. Diluted EPS would be ($39,900/14,000) $2.85 per share.

TLDR:

"The bondholders converted all the bonds"

Denominator = 10,000 + 4,000 (1) = 14,000

numerator = 35,000(N/I) + 4,900(2) = 39,900

39,900/14,000 = 2.85

20 x 200= 4,000 (1)

7,000 x .7= 4,900(2)

Explanation:

3 0

4 years ago