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Slav-nsk [51]
3 years ago
13

Suppose you take out a car loan of $10,000 with an interest rate of 12% compounded monthly. you will pay off the loan over 48 mo

nths with equal monthly payments.
a) what is the monthly interest rate?
b) what is the amount of the equal monthly payment?
c) what is the interest payment for the 20th payment?
d) what is the total interest paid over the life of the loan?
Business
1 answer:
zheka24 [161]3 years ago
4 0

Answer:

a) 1% per month

2) 263.34 dollar per month

3) interest will be of 64,03‬ in the 20th payment

d) total payment: 2,640.32

Explanation:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 10,000

time 48

a) monthly rate: 12% annual / 12 months per year = 1% = 0.01

10000 \div \frac{1-(1+0.01)^{-48} }{0.01} = C\\

b) C  $ 263.338

amortization at the 1st payment:

263.34 - 10,000 x 0.01 = 163.34

at the 20th payment:

163.34 x 1.01^20 = $199.3058

interest: cuota - amortization = 263.34 - 199.31 = 64,03‬

d) 263.34 x 48 - 10,000 = 2.640,32‬

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Answer:

Employees whose values match the values of the organization they work for generally SHOW MORE COMMITMENT TO THEIR JOBS than employees whose values don't match the organization.

Explanation:

Workplace values are the guiding principles that are most integral to the way a company works. Simply put, company's values, and the culture they create can spell the difference between success and failure.

The way people behave is deeply rooted in their values, when employees share their company's values, they make more informed decisions and are more committed to their jobs.

Sharing same values with the organization one works with increases the rate of productivity as one tends to be more motivated and dedicated to the job.

Therefore, the answer that best suits the question is that employees whose values match the values of the organization SHOW MORE COMMITMENT TO THEIR JOBS than employees whose values don't match the organization.

6 0
3 years ago
You invest $3,000. You have speculated that you will earn an average of 7% on your initial investment each year. What do you exp
Paraphin [41]

Answer:

$5,100 Dollars

Explanation:

3,000 x .07 = 210

210 x 10 = 2100

3,000 + 2100 = 5100

You will have $5,100 dollars total value in 10 years!

8 0
2 years ago
Normand Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the
QveST [7]

Answer:

total equivalent units for materials = 6,310

Explanation:

700 units in beginning work in process:

  • materials: 70% complete, $8,700, completed 490 equivalent units, not completed 210 units
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units started in to production 6,400

units transferred out 5,600

ending work in process 1,500

  • materials: 80% complete, completed 1,200 equivalent units for materials
  • conversion: 25% complete

materials added $92,200

conversion costs added $269,600

equivalent units for materials:

  • beginning WIP equivalent units to be completed = 210
  • units started and completed = 5,600 - 700 = 4,900
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3 years ago
Which of these is a worker who is NOT covered by the OSH Act?
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The OSH Act covers most private sector employers and their employees in the 50 states, the District of Columbia, Puerto Rico, and other U.S. territories. Coverage is provided either directly by the Federal OSHA or by an OSHA-approved state job safety and health plan.
8 0
3 years ago
Read 2 more answers
A small open economy with a floating exchange rate is initially in equilibrium at A with IS*1, LM*1. Holding all else constant,
irga5000 [103]

Answer:

Option D is correct

Explanation:

The curve would shift to the left because there Is an increase in import product that is the I + G + X curve would fall as the S + T +IM curve rises due to increase in IM(import product) causing the income fall.

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