The difference between the monthly payment of R and S is equal to $48.53 by following the compound interest formula. Thus, Loan R's monthly loan amount is greater than Loan S.
<h3>What is a Compound interest loan?</h3>
Combined interest (or compound interest) is the loan interest or deposit calculated based on both the original interest and accrued interest from earlier periods.
![\rm\,For\,R\\\\P = \$\,17,550\\r\,= 5.32\%\\Time\,= n= 7\,years\\Amount\,paid= [P(1+\dfrac{r}{100\times12})^{n\times12} ]\\=[ 17,550 (1+\dfrac{5.32}{100\times12})^{7\times12} ]\\= [ 17,550 (\dfrac{12.0532}{12})^{84} ]\\\\= [ 17,550 (1.00443^{84} ]\\\\= \$ 25,440.48\\\\Total\,monthly\,payment = \rm\,\dfrac{25,440.48}{84}\\\\= \$\, $302.86\\\\](https://tex.z-dn.net/?f=%5Crm%5C%2CFor%5C%2CR%5C%5C%5C%5CP%20%3D%20%5C%24%5C%2C17%2C550%5C%5Cr%5C%2C%3D%205.32%5C%25%5C%5CTime%5C%2C%3D%20n%3D%207%5C%2Cyears%5C%5CAmount%5C%2Cpaid%3D%20%5BP%281%2B%5Cdfrac%7Br%7D%7B100%5Ctimes12%7D%29%5E%7Bn%5Ctimes12%7D%20%5D%5C%5C%3D%5B%2017%2C550%20%281%2B%5Cdfrac%7B5.32%7D%7B100%5Ctimes12%7D%29%5E%7B7%5Ctimes12%7D%20%5D%5C%5C%3D%20%5B%2017%2C550%20%28%5Cdfrac%7B12.0532%7D%7B12%7D%29%5E%7B84%7D%20%5D%5C%5C%5C%5C%3D%20%20%5B%2017%2C550%20%281.00443%5E%7B84%7D%20%5D%5C%5C%5C%5C%3D%20%5C%24%2025%2C440.48%5C%5C%5C%5CTotal%5C%2Cmonthly%5C%2Cpayment%20%3D%20%5Crm%5C%2C%5Cdfrac%7B25%2C440.48%7D%7B84%7D%5C%5C%5C%5C%3D%20%5C%24%5C%2C%20%24302.86%5C%5C%5C%5C)
![\rm\,For\,S =\\\\P=\,\$ 15,925\\r\,= 6.07\%\\T=n= 9\,years\\\\Amount\,paid\,= [P(1+\dfrac{r}{100\times12})^{n\times12} ]\\\\\= [15,925(1+\dfrac{0.0607}{12})^{9\times12} ]\\\\\\= [15,925(1+\dfrac{0.0607}{12})^{108} ]\\\\=[15,925(1.7247.84)} ]\\\\\= \$27,467.19\\\\Total\,monthly\,payment =\dfrac{\rm\,\$\,27,469.19}{108}\\\\= \$ 254.326\\\\](https://tex.z-dn.net/?f=%5Crm%5C%2CFor%5C%2CS%20%3D%5C%5C%5C%5CP%3D%5C%2C%5C%24%2015%2C925%5C%5Cr%5C%2C%3D%206.07%5C%25%5C%5CT%3Dn%3D%209%5C%2Cyears%5C%5C%5C%5CAmount%5C%2Cpaid%5C%2C%3D%20%5BP%281%2B%5Cdfrac%7Br%7D%7B100%5Ctimes12%7D%29%5E%7Bn%5Ctimes12%7D%20%5D%5C%5C%5C%5C%5C%3D%20%5B15%2C925%281%2B%5Cdfrac%7B0.0607%7D%7B12%7D%29%5E%7B9%5Ctimes12%7D%20%5D%5C%5C%5C%5C%5C%5C%3D%20%5B15%2C925%281%2B%5Cdfrac%7B0.0607%7D%7B12%7D%29%5E%7B108%7D%20%5D%5C%5C%5C%5C%3D%5B15%2C925%281.7247.84%29%7D%20%5D%5C%5C%5C%5C%5C%3D%20%5C%2427%2C467.19%5C%5C%5C%5CTotal%5C%2Cmonthly%5C%2Cpayment%20%3D%5Cdfrac%7B%5Crm%5C%2C%5C%24%5C%2C27%2C469.19%7D%7B108%7D%5C%5C%5C%5C%3D%20%5C%24%20254.326%5C%5C%5C%5C)
The difference between the monthly payment of R and S is equal to $48.53.
Hence, Loan R's monthly payment is greater than the loan's monthly payment by $48.53
To learn more about Compound interest, refer to the link:
brainly.com/question/14331235
Answer:
Company’s Cost of Goods Manufactured = $1,506,500
Explanation:
Use following formula to calculate cost of goods manufactured
Cost of Goods Manufacture = Direct Material cost + Direct labor cost + Manufacturing overhead + Work in process beginning balance - Work in process Ending balance
Cost of Goods Manufacture = $523,000 + $215,000 + $774,500 + $78,000 - $84,000
Cost of Goods Manufacture = $1,506,500
Answer:
d. pre-acquisition market value of the target company.
Explanation:
An acquisition premium is the amount by which the price offered for an existing business exceeds the pre-acquisition market value of the target company.
An acquisition premium gives the difference between the actual amount of money paid in acquiring a target firm and the estimated real value of obtaining the firm before the acquisition.
Acquisition premium are usually recorded on the balance sheet as "goodwill."
Answer:
The statement is: False.
Explanation:
Many people have the wrong idea that writing long paragraphs is better to provide a more professional look to a study or report. However, in business especially, the optimal rule to follow is to be short and concise. Managers need information that will help them make decisions. Thus, the data provided must give clear conclusions from where the decisions can be taken. Wordy reports seem unuseful for that purpose.
Answer:
equitable relief
Explanation:
A court refers to an enclosed space such as a hall or chamber where legal practitioners (judges, lawyers or attorneys and a jury) converge to hold judicial proceedings.
A lawyer refers to an individual who has obtained a law degree and is saddled with the responsibility of giving legal advice, initiate and execute lawsuits for his or her clients. These legal practitioners are saddled with the legal responsibility of listening to evidence and give a verdict about legal cases.
An equitable relief also referred to as equitable remedy can be defined as judicial remedies granted to an aggrieved person by a court of equity, requiring that the other party act or refrain from indulging in a specific act because ordinary legal remedies couldn't provide the aggrieved party sufficient (adequate) restitution for an offense commited against him or her. Thus, an equitable relief (remedy) is an injunction granted by a court of equity requiring a party to a contract to either act (mandamus or specific performance) or refrain from indulging in a particular act.
In this context, when a court of competent jurisdiction awards or grants custody of a child to one parent rather than awarding it to the other, this is an example of equitable relief.
In conclusion, an equitable relief or remedy is typically a nonmonetary judgement granted by a court of equity when ordinary legal remedies fail to provide sufficient (adequate) restitution to an aggrieved party.
