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scZoUnD [109]
3 years ago
11

A firm has borrowed $5,000,000 for 5 years at 10% per year compound interest (compounded yearly). The firm will make no payments

until the loan is due, when it will pay off the interest the interest and principal in one lump sum. What is the total payment?
Business
1 answer:
Marta_Voda [28]3 years ago
6 0

Answer:

The firm will pay $8,052,550 in lump sum after 5 years

Explanation:

A = P(1+r)^n

A= 5,000,000 * (1+0.10)^5

A= 5,000,000 * (1.10)^5

A= 5,000,000 * 1.61051

A= 8,052,550

Thus, the firm will pay $8,052,550 in lump sum after 5 years

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The statement of partners' equity shows each partner's beginning capital balance, additional investments, allocated income or loss, partners'  withdrawals(expenses, withdrawals), and ending capital balance.

<h3>What is capital balance?</h3>

Capital Balance refers to the principal balance of a Loan at any point in time to which the Servicer applies the relevant interest rate at which interest on that Loan accrues.

Simply add up the company's total current assets and subtract the total current liabilities from that total. The result is the amount of working capital available to the company at that time.

The capital balance is the amount borrowed less the future interest rate paid in monthly installments. It is the sum you must pay if you want to settle the contract.

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8 0
2 years ago
The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 26 percent of its bu
Ghella [55]

Answer: See Explanation

Explanation:

The work done for each day is written below:

Thursday night = 24%

Friday night = 26%

Saturday night = 34%

Wednesday night = 100% - (24% + 26% + 34%) = 100% - 84% = 16%

Let's assume that sales in a week is represented by x. Therefore average sales in week if x = 1 will be 1/4 = 0.25.

Seasonal relative will be:

= Sales in a day /Average sales in a week

Wednesday = 16% / 0.25 = 0.16 / 0.25 = 0.64

Thursday = 24% / 0.25 = 0.96

Friday = 26% / 0.25 = 1.04

Saturday = 34% / .25 = 1.36

3 0
3 years ago
An American manufacturer has been asked to provide construction equipment to a foreign government. The contract is for a sizable
motikmotik
<span>What should the American manufacturer insist upon having if it wants to protect its right to sue the government in the event it does not pay for the goods? A wavier of immunity. A waiver of immunity revers to taking away rights to refuse to testify against someone by a witness. The person in question can waive their rights themselves and incriminate under the Fifth Amendment of the Constitution. </span>
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4 years ago
The price level is a__________.
Afina-wow [57]

Answer:

c. nominal variable

Explanation:

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Nominal variable = real variable + inflation rate

Real variable are variables that have been adjusted for inflation rate. E.g. real GDP

Real variable = nominal variable - inflation rate

Relative variable is the value of a variable in terms of another variable. E.g. comparative advantage

Dichotomous variable are variables that can take on either two values when measured e.g. gender

I hope my answer helps you.

7 0
4 years ago
Manuela and Noor were angry when they found out that their HR Department asked top executives for input on whether to create an
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<h3 /><h3>What is Procedural justice?</h3>

It corresponds to the idea of ​​equity over the administration of legal procedures for resources in a given situation, such as in the organizational environment.

Therefore, equity is a relevant characteristic for the employees of an organization, who compare their inputs and outputs with those of other co-workers, thus generating a sense of justice about the processes.

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