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8090 [49]
3 years ago
13

The claims of creditors against the assets are

Business
1 answer:
marta [7]3 years ago
5 0
Liabilities and owner's equity 
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you wish to buy a $25,000 car. the dealer offers you a 4-year loan with a 9 percent apr. what are the monthly payments?
NeTakaya

In order to buy a car worth $25,000 a monthly payment of $622.12 is required.

Mortgages are one type of loan that frequently has a structure that calls for a stream of identical monthly payments. The lender can assess whether the customer's budget can support equal monthly payments by doing so.

Suppose the monthly payment is M.

With 9 percent APR, the effective monthly rate is 9%/12 = 0.75%.

There will be 12 x 4 years, or 48 monthly payments.

The face value of the loan must be equal to the present value of these monthly payments, or

{}\sum_{t=1}^{48}{\frac{M}{(1 + 0.75\%)^t}} = 25,000, {}

which yields M = 622.12.

If you only paid interest, the monthly payment would be calculated as follows: principal * monthly interest rate (9% /12) = 25,000*0.75% = 187.5.

The results would be that after five years, you would still owe the whole amount of $25,000 and would have to pay $11,250 in interest.

Learn more about loans:

brainly.com/question/11794123

#SPJ4

4 0
1 year ago
Supposed you have had 10 apples. You gave 4 apples to your friend for Christmas. What portion of the initial amount did you give
shtirl [24]

Answer:

The portion of the initial amount that was given away is:

= 0.40

Explanation:

a) Data and Calculations:

Number of apples available = 10

Number of those apples given to a friend for Christmas = 4

The portion given away = 4/10 = 0.4

This represents 40% of the whole.

b) The portion given away to the friend for Christmas is a proportion of the whole.  In this case, it represents just 40% of the 10 apples.  This means that only 60% or 0.60 of the original apples are still available or on hand because 40% had been given away.

6 0
3 years ago
Woolman College is considering the construction of a new women’s dormitory. The dormitory will have 80 rooms and the ability to
lisov135 [29]

Answer:

IF WOOL MEN CHARGES $3100 PER STUDENT,THEN CONTRIBUTION PER STUDENT=

CHARGES PER STUDENT =$3100

LESS:VARIABLE COST

SUPPLIES ($350)

ASSISTANT SALARY ($155)

($7000/45)

CONTRIBUTION $2595

COST PER STUDENT:

SUPPLIES $350

OFFICE  ($7000/45) $155

INSURANCE ($40000/240*) $167

REPAIR ($32000/240) $133

AND MAINTENANCE

DEPOSIT ($60000/240) $250

TOTAL $1055

Explanation:

The given table will elaborate it more.

7 0
3 years ago
You are considering an investment in a mutual fund with a 4% load and an expense ratio of 0.5%. You can invest instead in a bank
irakobra [83]

Answer:

a. r > 8.69%

b. r > 7.225

Explanation:

Missing question <em>"b. hat annual rate of return must the fund portfolio earn if you plan to invest for 6 years to be better off in the fund than in the CD?"</em>

<em />

Mutual fund wealth index after N years = (1 - front load)*(1+r-expenses)^N

CD wealth index after N years = (1+rate)^N

a. Investment for 2 years

(1 - front load)*(1+r-expenses)^N = (1+rate)^N

(1 - 0.04)*(1+r-0.005)^2 = (1+0.06)^2

0.96*(1+r-0.005)^2 = 1.1236

(1+r-0.005)^2 = 1.17041667

<em>We remove square from both sides</em>

(1+r-0.005) = 1.17041667^(1/5)

(1+r-0.005) = 1.08185797

r = 1.08185797 - 1 + 0.005

r = 0.0869

r = 8.69%

r > 8.69%

b. If investment is for 6 years

(1 - front load)*(1+r-expenses)^N = (1+rate)^N

(1 - 0.04)*(1+r-0.005)^6 = (1+0.06)^6

0.96*(1+r-0.005)^6 = 1.41851911

(1+r-0.005)^6 = 1.47762408

<em>We remove square from both sides</em>

(1+r-0.005) = 1.47762408^(1/6)

(1+r-0.005) = 1.06723648

r = 1.06723648 - 1 + 0.005

r = 0.07223648

r = 7.22%

r > 7.225

7 0
3 years ago
7. Which of the following people is required to file taxes? *
rewona [7]

Answer:

what you will be when grow up?

4 0
2 years ago
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