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GarryVolchara [31]
2 years ago
9

You want to buy a car, and a local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months), and no

minal annual interest rate will be 6%. What will be the monthly loan payment?
Business
1 answer:
koban [17]2 years ago
3 0

Answer:

Monthly installment= $168.77

Explanation:

<em>Loan amortization is a loan repayment arrangement where a loan is repaid using a series of equal installments over the years of the loan. Each installment covers the interest due and a portion of the principal balance </em>

The monthly installment = Loan amount/monthly annuity factor

<em>Annuity factor = (1 - (1+r)^(-n))/r) </em>

r - monthly interest rate, n- number of months

Monthly interest rate = 6%/12= 0.5%

Number of months = 15× 12 = 180

Annuity factor = ( 1-(1.005)^(-180))/0.005

= 118.50

Monthly installment = 20,000/168.771

= $168.77

Answer:

Monthly installment= $168.77

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If you were to illegally reproduce for a profit a likeness or exact replica of a copyrighted logo, you would commit
tamaranim1 [39]

Answer:

copyright infringement

Explanation:

Copyright infringement is a broad term that refers to any kind of harm to someone's copyright, which includes copying a company's logo for profit. A logo, like any other visual product, is the legal possession of an individual or company, therefore it is illegal to copy it for your own business goal or profit.

5 0
3 years ago
After a sluggish quarter, the Federal Reserve Bank decides to increase the money supply in the economy. When the money-creation
Maslowich

Answer:

20; $1 billion

Explanation:

Given that,

New funds = $20 billion

Required reserve ratio = 5%

Money multiplier:

= 1/Required reserve ratio

= 1/0.05

= 20

Initial money increase by:

= Funds wants to be in the money supply × Required reserve ratio

= $20 billion × 5%

= $1 billion

Therefore, the Fed should initially increase $1 billion in the money supply.

5 0
3 years ago
The diagram shows the three-step process by which economic policy is created.
kifflom [539]
In building a sustainable economy, there are three-step process that should be followed :

First , Shift towards a new business model that generate a shared value

Second,  Create Assets' ownership structures

Third,  involves indicators that indicate progress, such as social and health indicators
8 0
3 years ago
Discuss the importance of managerial accounting as "decision-making tool" in your organization.
Gelneren [198K]

Answer and Explanation:

Managerial accounting is the procedure we likewise know as cost bookkeeping in which an administrator uses the information which is recognized, estimated and broke down from their bookkeeping procedure all together for a director to comprehend understanding with regards to basic leadership, we should have the option to comprehend that the qualities present in any conceivable choice depend on various components which have their own pertinence in the result. As chiefs, it is our obligation to choose the most ideal result notwithstanding the nearness of various distinctive option with various probabilities of achievement and result.  

This is the reason, when we think about the procedure of cost accounting, we can say that the way that the chief is currently ready to comprehend the procedures dependent on their result, their likelihood of event just as other significant components which permits them that comprehension of having the option to accomplish the no doubt result which is good for the organization, it settles on their basic leadership process a lot simpler and applicable, We have to ensure that the association comprehend the significance of cost bookkeeping and different investigation forms permitting the organization the utilization of their asset and the most ideal viewpoint for them while likewise filling in as the fundamental factor of data pertinent for outside gatherings and partners and so as to for them to comprehend their venture and potential returns also.

6 0
2 years ago
An accountant who blows the whistle on financial wrongdoing by his/her employer by going outside the entity violates:
Harman [31]

Confidentiality

What is Confidentiality?

When it comes to sensitive information, confidentiality refers to the idea and practice of keeping it secret until the owner or data custodian explicitly consents to sharing it with another party. Another definition of confidentiality is the request to uphold the rule and custom.

Owners and custodians of sensitive data create policies defining the categories of information that require protection in order to preserve confidentiality. On the basis of it, they specify a number of procedures for the environments, tools, and people engaged in data handling and storage. These include educating and training staff members and the clients they serve, investing in and maintaining the buildings, equipment, and software where data resides and travels, tracking the movements of sensitive data, and planning and implementing data loss prevention (DLP).

Learn more about Confidentiality with the help of given link:-

brainly.com/question/16853444

#SPJ4

5 0
1 year ago
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