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wariber [46]
3 years ago
13

Fiona installed a new pool for $9940 using a 12 month deferred payment plan with an interest rate of 22.53%. What is the balance

after the deferment period A payment of $397 are each month?
A. $7,761.84B. $9,940.00C. $5,176.00D. $12,425.84
Business
1 answer:
Bezzdna [24]3 years ago
6 0

Answer:

A. $7,761.84

Explanation:

Balance after deferment period before any payment made.

A = P(1 + r)^t

A = $9940*(1 + 0.2253)^(12/12)

A = $12179.5

Final balance after monthly payment.

A_f = $12179.5 - (12*397)

A_f = $7415.5

Therefore, The balance after the deferment period A payment of $397 are each month is $7,761.84.

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What is the additional premium cost to have the automatic premium loan provision included in a permanent policy?
JulsSmile [24]

Answer:

Nothing

Explanation:

Automatic premium loans provision is a benefit which is provided to the clients who already have a life insurance policy. It helps them to pay the premium from any cash value which is due. This provision is structured to help the clients and normally insurance companies charge no additional premium cost. It helps to prevent lapses in the policies.

4 0
4 years ago
Suppose there are 100 consumers in the computer speaker market, each with an identical demand curve given by Qi = 10 – 0.1P, whe
Mkey [24]

Answer:

Equilibrium Price = 40 ; Equilibrium Quantity = 600

Explanation:

Equilibrium is where : Market Quantity Demanded =  Market Quantity Supplied

Market Quantity Demanded = No. of Consumers x Individual Demand Curve

= N x Qi = 100 [10 - 0.1P] = 1000 - 10P  

Market Quantity Supplied = Qs [Given]  

So, Equilibrium is where :

1000 - 10P = 20 P - 200

1000 + 200 = 20P + 10P

1200 = 30P

P = 1200 / 30 = 40 [Equilibrium Price]

Equilibrium Quantity : Putting Equilibrium price value in Quantity demanded & quantity supplied;

Quantity Demanded = 1000 - 10 (40) = 1000 - 400 = 600

Quantity Supplied = 20 (40) - 200 = 800 - 200 = 600

5 0
3 years ago
Determine whether each of the following transactions contributes to the calculation of GDP as total spending, then, identify the
scoray [572]

Answer:

Michelin sells tires to Nissan to install on their 2019 Sentras that are produced and sold in the United States.

  • Not included in the GDP since tires are a component of new cars, they are not a final product.

American consumers import $3.5 billion of woven apparel from Bangladesh.

  • Included in the GDP as imports, which reduce total net exports (NX).

The U.S. government spent $523.1 billion on national defense.

  • Included in the GDP as government spending (G).

Entrepreneur and Shark Tank investor Barbara Corcoran purchases 15% of Cousins Maine Lobster food truck company for $55,000.

  • Not included int he GDP since sale of stocks or ownership stakes at businesses are not considered final goods or services.
8 0
3 years ago
You've written a check to Goodwill Supply, and the check has been lost. What should you do? A. Stop payment on the first check;
Lelu [443]

Answer:

A. Stop payment on the first check; then write a second one.

Explanation:

There are certain rules and procedures in banking system. If any check written is lost, then firstly the check shall be made invalid the one which is lost.

To make it invalid, stop payment can be done. Stop payment basically converts the check into a mere paper, with no validation, even if such check is presented no payment is made against it.

Further by issuing check you create a liability that you owe some money as against the party in consideration on check.

Therefore, after stop payment a new check shall be issued.

5 0
4 years ago
To print the Adjusted Trial Balance, select: Multiple Choice Company Center > Accountant & Taxes Company Center > Comp
Tom [10]

Answer:

The answer is Company & Financials> Reports Center > Accountant & Taxes

Explanation:

Solution

Given:

From the given question above the steps to print the Adjusted Trial Balance is given below:

  • First step is to go the Report Center and select the same
  • Secondly  go to accountant  and taxes and select that option
  • Thirdly the trial balance option

Therefore, the correct answer is Report center > Accountant  and Taxes

6 0
3 years ago
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