Answer:
Option (C) $364,309
Explanation:
Data provided in the question:
Amount paid every 3 months, A = $50,000
Number of years = 2
Interest rate = 8.5% = 0.085
Now,
since amount is paid every 3 months therefore compounding will be done every quarter
thus,
total number of periods in 2 years, n = 4 × 2 = 8
Interest rate per period, r = 0.085 ÷ 4 = 0.02125
Present value = A × [ 1 - ( 1 ÷ (1 + r)ⁿ)] ÷ r
thus,
Present value = $50,000 × [ 1 - ( 1 ÷ (1 + 0.02125 )⁸)] ÷ ( 0.02125 )
or
= $50,000 × [ 0.1548 ] ÷ ( 0.02125 )
= $364,308.76 ≈ $364,309
Hence,
Option (C) $364,309
The best time to start a business is when you have the time to devote your attention to it.
Answer:
Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.
Explanation:
Answer: D. It increases the need for suppliers to deliver raw materials on time.
Explanation:
The just-in-time costing system is employed in the just-in-time management strategy that aims to minimize inventory, increase efficiency while decreasing waste by receiving goods only as needed for production. The just-in-time production process depends on steady production, high-quality workmanship, no event of machine breakdowns, reliable suppliers etc. As it aligns raw-material orders from suppliers directly with production schedules, it therefore increases the need for suppliers to deliver raw materials on time for production of orders.
Based on the interest rate, the cost of the bike, and the period of payment, Samatha will pay $721.71.
<h3>What will Samatha pay?</h3>
Samatha will pay a certain amount monthly. That amount can be found as:
Loan amount = Amount x ( 1 - ( 1 + rate) ^-number of periods) / rate
Solving gives:
700 = Amount x ( 1 - (1 + 2.95%/12) ⁻²⁴ / 2.95%/12 months)
Amount = 700 / ( 1 - (1 + 2.95%/12) ⁻²⁴ / 2.95%12 months)
= $30.07
Total amount paid by Samatha:
= 30.07 x 24 months
= $721.71
Find out more on loan payments at brainly.com/question/26011426.