1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
A Soviet interpretation of this poster would claim that
andrew-mc [135]
<span>A Soviet interpretation of this poster would claim that
</span>
Americans are practicing economic imperialism
so correct option i conclude is A
hope it helps
8 0
3 years ago
Read 2 more answers
Suppose a country has government expenditures of $3,500, taxes of $2,200, consumption of $9,000, exports of $2,500, imports of $
TiliK225 [7]

Answer:

The correct option is C ,$15,300

Explanation:

GDP is a short form of Gross Domestic Product which is an indicator of total goods produced in an economy in a period of one year.

Using the expenditure method,GDP van be computed using the below formula:

GDP=C+I+G+(X-M)

C is the consumption in the economy which is $9000

I is the level of investment at $3,000

G is the government expenditure of $3,500

X is the export of $2,500

M is the import of $2,700

GDP=$9000+$3000+$3500+($2500-$2700)

GDP=$15,300

Hence the GDP is $15,300

8 0
3 years ago
So far summer is boring but I got a wreck this journal book so how you guys doing​
Rom4ik [11]
Good thank you, and you?
3 0
3 years ago
What will probably happen when the price of a product goes down?
Irina-Kira [14]

Answer: (D) More will be able to pay for that product

Explanation:

4 0
3 years ago
Read 2 more answers
London Plastics has monthly fixed costs of $82,500, while its variable costs are $4.50 per unit. If the sales price of a unit is
Sergeeva-Olga [200]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

The variable costs are $4.50 per unit. London Plastics sell 15,000 units.

To calculate the total variable costs we need to use the following formula:

Total variable cost= unitary variable cost* total amount of units

Total variable cost= 4.5*15,000= $67,500

5 0
3 years ago
Other questions:
  • Cromley Corporation reports annual sales of $1,800,000. Its accounts receivable throughout the year averaged $150,000. a. Comput
    6·1 answer
  • A company enters into a short futures contract to sell 5000 bushels of wheat for 571'4 cents per bushel. The initial margin is $
    11·1 answer
  • g Suppose Phil and Miss Kay are the only consumers in the market. If the price is $12, then the market quantity demanded is Ques
    5·1 answer
  • Differential analysis can aid management in making decisions on a variety of alternatives, including whether to discontinue an u
    10·1 answer
  • Identify five HRM criteria or components that can be used to measure organizational effectiveness or ineffectiveness. "Grievance
    9·1 answer
  • Gabrielle does not want to work a nine-to-five job. Still, she has to work to support herself. She accepts a job as a restaurant
    10·2 answers
  • How does online retail have the potential to further complicate the issues already presented by the virus?
    6·1 answer
  • 1+1<br><br> \ROAST BACK TIMES GOOOOOO GOOOOOOO GOOOOOOO
    6·2 answers
  • Brown Fashions Inc.'s December 31, 2018 balance sheet showed total common equity of $4,050,000 and 265,000 shares of stock outst
    15·1 answer
  • Importance of having a business plan to ensure the success of a business​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!