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I am Lyosha [343]
3 years ago
11

You just obtained a loan of $16,700 with monthly payments for four years at 6.35 percent interest, compounded monthly. What is t

he amount of each payment?
Business
1 answer:
katovenus [111]3 years ago
6 0

Answer:

$ 394.87

Explanation:

Amount payment can be calculated using the formula

c ( amount payment monthly) = rP(1+r)^n / (1+r)^n - 1

where r is the interest rate  per month = 6.35 / 12 = 0.529 / 100 = 0.00529

n = number of months = 4 × 12 = 48 months

P is the initial amount = $16,700

substitute the values into the equation

c =  0.00529 × $16,700 ( 1 + 0.00529) ⁴⁸ / (( 1 + 0.00529)⁴⁸ - 1) =  $ 394.87

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The answer that will fill in the blank is cost of goods sold because the merchandiser’s main expense is the cost that they receive in goods that they have sold to the consumers. The merchandiser is the one responsible of ensuring products are placed and are properly organized in the store.

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3 years ago
A project consists of three activities: A, B, and C. Activities A and B can begin at time 0 (start of the project), but activity
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Answer:

Explanation:

Run A Duration B Duration C Duration 1 51 48 17 2 60 48 19 3 30 39 19 4 31 48 22 5 30 31 14 6 41 16 17 7 44 12 6 8 44 12 10 9 45 43 9 10 60 41 10 Based on the simulated numbers given above, what is the average completion time of the whole project?

Since B is the predecessor of C.

Project completion time for each run will be calculated as Maximum (Duration of A, Duration of B +Duration of C).

Represent

Run = R

Duration of A  = DA

Duration of B  = DB

Duration of C = DC

Project Completion time = PT

<u>R       DA          DB                        DC               PT</u>

1       51            48                        17             48 + 17 = 65

2      60          48                        19             48 + 19 = 67  

4      31           48                       22              48 + 22 = 70

5      30         31                         14              31 + 14 = 45

6      41           16                       17                 41

7     44            12                       6                 44

8     44            12                      10                44

9     45           43                     9              43 + 9 = 52

10     60          41                     10                60

                                                                <u> Total = 546</u>

Total Project completion time in 10 Stimulations = 546

Average project Completion time = 546/10 = 54.6

Therefore, average Project completion time is between 53 and 56 days.

5 0
3 years ago
Period costs are always expensed on the income statement in the period in which ______.
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Explanation:

Period costs are always expensed on the income statement in the period in which: they are incurred.

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2 years ago
It is claimed that mutual funds have two advantages. The first is that mutual funds allow people with small amounts of money to
romanna [79]

Answer:

The correct answer is d. Economists strongly agree with the first claim, but are skeptical of the second.

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Fiesta28 [93]

Answer:

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As there is shortage in cantaloupe market ( Supply curve shifts to the left), there are not enough cantaloupe to sell to buyers.

So, buyers will compete for lower supply amount of cantaloupe by willing to pay higher price.

With the existence of supply shortage and buyers is willing to pay higher price, the equilibrium price will goes up, thus it will be higher than the current price.

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