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Nina [5.8K]
3 years ago
10

On December 31, 2018, Wasley Corporation borrowed $500,000 on a 10%, 10-year mortgage note payable. The note is to be repaid wit

h equal semiannual installments, beginning June 30, 2019.
Required

a. Compute the amount of the semiannual installment payment using a financial calculator or Excel, and round amount to the nearest dollar.
Business
1 answer:
oksano4ka [1.4K]3 years ago
7 0

Answer:

$40,121.29

Explanation:

The amount to be paid as semi-annual equal equipment can be calculated using a calculator using the inder listed parameters as follows:

Semi-annual equal installment = Loan amount/Annuity factor

Annuity factor =  (1- (1+r)^(-n))/r

<em>Parameters to be used include</em>

r- 10/2 = 5%,  n- 2× 10 = 20,

Annuity factor = ( 1- (1.05)^(-20) )/0.05

                       = 12.4622

Semi-annual equal installment

= 500,000/12.4622

=  $40,121.29

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Based on the number of people that are employed and those who are unemployed in this town, the unemployment rate is 14.4%.

<h3>What is the unemployment rate?</h3>

The unemployment rate can be found by the formula:
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Solving gives:

= (11,000) / (65,400 + 11,000)

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= 14.4%

In conclusion, the rate is 14.4%.

Find out more on the unemployment rate at brainly.com/question/13280244.

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when Jorge became one of three final candidates for managerial position with a large pharmaceutical company
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Question:

When Jason became one of three final candidates for a managerial position with a large pharmaceutical company, the director of the department scheduled a special meeting with him. There, the two talked about the stressful deadlines and heavy travel required of the position, as well as the compensation and benefits. Jason appreciated that the director took time to conduct a(n) __

6 0
1 year ago
There are four basic solutions to handling monopolies:
Brut [27]

Answer:

See the explanation for the answers.

Explanation:

1. "Regulate it" is superior because anti trust makes it open to competition and the firm no longer remains a monopoly.

2. A regulated monopoly lower the price it charges from consumers which benefits the consumers because their consumer surplus increases. A regulated monopoly also offers better quality products.

3. Yes, there are redeeming qualities of monopolies.

Advantages of monopoly-

(a) The profits that the monopolist earns can be invested in R and D.

(b) Monopolies can practice price discrimination which can benefit weaker sections of the society.

(c) Monopolies can invest in latest technology which increases productivity and total output of a country.

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3 0
3 years ago
Assuming that the standard fixed overhead rate is based on full capacity, the cost of available but unused productive capacity i
Andre45 [30]

Answer:

B)factory overhead cost volume variance

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From the question, there was an an assumption that the standard fixed overhead rate is based on full capacity, in this case the cost of available but unused productive capacity is indicated by the factory overhead cost volume variance. Factory overhead cost volume variance can be regarded as the difference that exist between the fixed overhead that is associated to those good/ service from the firm on production volume and the budgeted amount that is associated to goods) services that are been produced. fixed overhead costs

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5 0
2 years ago
You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend co
butalik [34]

Answer:

You must deposit "$74,806.25" today.

Explanation:

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P = $10,300

Rate of interest,

r = \frac{4.4 \ percent}{2}

 = 2.2 \ percent

Number of periods,

n = 4\times 2

  = 8

Now,

The PV of annuity will be:

=  \frac{P\times [1 - (1 + r)^{-n}]}{r}

On substituting the given values, we get

=  \frac{10,300\times [1 - (1 + 2.2 \ percent)^{-8}]}{2.2 \ percent}

=  \frac{1,645.73}{2.2 \ percent}

=  74,806.25 ($)

8 0
2 years ago
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