Answer:
Monthly payment: 460.41 dollars
Effective rate: 4.07%
Explanation:
we will calculate the PTM of an annuity of 25,000 over 5 year at 4%
PV $25,000.00
time 60
rate 0.003333333
C $ 460.413
Now we need to know the effective rate, which is the same as 4% compounding monthly:
![(1+0.04/12)^{60} = (1+ r_e)^{5}\\r_e = \sqrt[5]{(1+0.04/12)^{60}} - 1](https://tex.z-dn.net/?f=%281%2B0.04%2F12%29%5E%7B60%7D%20%3D%20%281%2B%20r_e%29%5E%7B5%7D%5C%5Cr_e%20%3D%20%5Csqrt%5B5%5D%7B%281%2B0.04%2F12%29%5E%7B60%7D%7D%20-%201)
effective rate = 0.040741543 = 4.07%
A savings<span> and </span>loan<span> association, or thrift institution, is a financial institution that ... As such, many </span>people<span> were either perpetually in debt in a continuous cycle of. The most important purpose of </span>savings<span> and </span>loan<span> associations is to </span>make<span>. </span>savings<span> and </span>uses<span> these </span>funds<span> to </span>make<span> long-term amortized </span>loans<span> to </span>home<span> ...</span>
Answer:
option (C) $5 in the U.S. and 3 euros in Italy
Explanation:
Data provided in the question:
Nominal exchange rate, E = 0.80 euros per dollar
Real exchange rate = 
Now,
Real exchange rate = [ Price of good in US ] ÷ [ Price of Good in Italy ]
= 
Here,
PU = Price of US in dollars
PI = Price of Italy in Euros
Thus,
Real exchange in rate
= 
or
= 
hence,
we get
Ratio of Price of a good in US to Price of a Good in Italy = 
or
we can say $5 in the U.S. and 3 euros in Italy
option (C) $5 in the U.S. and 3 euros in Italy
Answer:
1. $66,000
2. $66,000
Explanation:
The computations are shown below:
1. Before written off:
= Account receivable balance - uncollectible amount
= $70,000 - $4,000
= $66,000
2. After written off:
= Account receivable balance - second year written off amount - uncollectible amount + second year written off amount
= $70,000 - $700 - $4,000 + $700
= $66,000