Use the formula of the present value of an annuity due which is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]×(1+r/k)
Pv present value 48000
PMT monthly payment?
R interest rate 0.0825
K compounded monthly 12
N time 72 months
Solve the formula for PMT
PMT=pv÷[[(1-(1+r/k)^(-n))÷(r/k)]×(1+r/k)]
PMT=48,000÷(((1−(1+0.0825÷12)^(
−72))÷(0.0825÷12))×(1+0.0825÷12))
PMT=841.68. ..Answer
Hope it helps!
Answer:
Small business firms create many <u>job</u> opportunities that help develop communities as well as the country's economy.
Explanation:
Small businesses are of great importance to the economy because they create income-generating opportunities for entrepreneurs and their employees. The Entrepreneur risks their resources to start the business and is rewarded with profits.
Small businesses sell goods and services that provide solutions to the needs of the community. They bring solutions to people's needs closer to them, thereby improving society's being. Small businesses create job opportunities that become a source of income for many
Answer:
529 Plan
Explanation:
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs.
Answer:
maintenance costs are $940 per month plus $7 per machine hour.
Explanation:
Base on the scenario been described in the question, we use the following method to solve this
Maintenance cost = (6,330 - 2480)/770-220
Maintenance cost per machine= 3850/550
Maintenance cost per machine = $7
Hours 300 Machine Hours Total costs Less: Variable costs 770 X $7 220 X $7
Total fixed costs $6,330 $5,390 $ 940 $2,480 1,540 $ 940 Therefore, maintenance costs are $940 per month plus $7 per machine hour.
Answer: The following statements is false of the dividend-discount model: <em><u>We cannot use the dividend-discount model to value the stock of a firm with rapid or changing growth.</u></em>
The model is a technique of evaluating a institution stock price i.e. there on the concept that the organizations stock is equal to the total of all of its dividend payments. It is used to evaluate stocks based on the NPV of the dividends.