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Mila [183]
3 years ago
8

You have just taken out an installment loan for $100,000. Assume that the loan will be repaid in 12 equal monthly installments o

f $9,456 and that the first payment will be due one month from today. How much of your third monthly payment will go toward the repayment of principal
Business
1 answer:
Rama09 [41]3 years ago
7 0

Answer:

$7,757.16

Explanation:

rate of interest = 2%

Rate(12, 9456-100000)

Rate(nper,pmt,pv)

APR = 24.00%

           (Rate*12)

Principal for third monthly payment = PPMT(2%,3,12,-100000)

               = $7,757.16

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Explain the chain of cause and effect reactions since the mid-1990s that led to lower book prices for American consumers.
hram777 [196]
Answer:
The free enterprise system created many smaller booksellers who competed with the giant booksellers such as Borders and Barnes & Noble. 
Competiton from smaller booksellers in the mid-1990s is the cause that created an effect.

To remain competitive and profitable, the giant booksellers used their purchasing power to buy books in large volumes. Doing so enabled them to enjoy huge discounts and to pass on the savings to the customer.
The effect was to lower book prices for American consumers.

To summarize, competition in a free-enterprise system is the cause, and the lowering of book prices is the effect.




3 0
3 years ago
Disability income policies usually have a(n) _____, which is a time delay from the date of the issuance of the policy until bene
meriva
The answer to this question is the "Probationary Period". Hence when the disability income usually has a "probationary period" which is a time delay or the waiting time from the date of the issuance of the policy until the benefit privileges are being activated by the member and the office. This probationary period is somehow the observation period such the performance of the member is being monitored.
5 0
3 years ago
Dollar Co. sold merchandise to Pound Co. on account, $25,500, terms 2/15, net 45. The Pound Co. paid the invoice within the disc
Scorpion4ik [409]

Answer:

c. $24,990

Explanation:

The Term 2/15 net 45 mean 2% cash discount is offered if the payment is made within 15 days otherwise the credit period is 45 days. There is no after 15 days of sale.

Amount of Sale = $25,500

Discount Rate = 2%

The Pound Co. paid the invoice within the discount period. They are eligible to receive the 2% discount on sale value.

Discount Amount = $25,500 x 2% = $510

Net Sales amount in this transaction = $25,500 - $510

Net Sales amount in this transaction = $24,990

8 0
3 years ago
You are hoping to buy a new boat 3 years from now, and you plan to save $5,800 per year, beginning one year from today. You will
sweet-ann [11.9K]

Answer:

FV= $17,701.6

Explanation:

Giving the following information:

Annual deposit (A)= $5,800

Interest rate (i)= 5.2%

<u>To calculate the future value after the third deposit, we need to use the following formula:</u>

<u></u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,800*[(1.052^2) - 1]} / 0.052 + 5,800

FV= $17,701.6

3 0
3 years ago
Why is perceptiveness an important trait to have as an entrepreneur??????
Sergeeva-Olga [200]
It is important trait to have as an entrepreneur, because you have to have different perceptive's of the type of people you are selling to. As in you just can't have one persons point of view.
7 0
3 years ago
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