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Vilka [71]
3 years ago
8

Bob borrowed $10,000 at an effective annual rate of interest of 7%. Bob’s plan was to repay the loan with equal principal repaym

ents plus interest at the end of each year for 20 years. After the 10th payment, Bob decides to change his payment scheme and pay the outstanding balance with equal annual payments. The loan will still be repaid in 20 years. Calculate the difference between the 10th and 11th payment.
Business
1 answer:
vfiekz [6]3 years ago
7 0

Answer:

$172.75

Explanation:

Principal amount for the first ten years=$500

($10,000/20)

Interest repayment during the 10th Year=$385

(10,000-(500*9)*7%)

Total payment for Year 10=$885

(500+385)    

Total principal amount at Year 10=$5,000

(10,000-(500*10)

Present value of Annuity=Payment per year((1-(1+7%)^-10)/7%)

5,000=Payment per year(7.02)

Payment per year from year 11=712.25

Difference between 10th and 11th payment=$172.75

(885-712.25)

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Igoryamba

Answer:

a. Kantianism

Explanation:

Kantianism -

This theory was given by Immanuel Kant.

According to this theory ,

Good deeds and duty are the crucial elements  in order to determine the action which need to be taken .

Any activity is considered to be good , only if it is morally correct .

Hence , from the question , spanking children is not a good activity and it not accepted ethically  .

Hence , in the given scenario Kantianism is applicable .

5 0
3 years ago
If the economy is at potential output, and the Fed _____ the money supply, in the long run, the price level will likely _____.
serg [7]

Answer:

If the economy is at the potential output and the Fed increases the money supply, in the long run real GDP will likely remain the same.

Explanation:

hoped this helped

4 0
3 years ago
The minimum amount required for a federal diversity suit is: a. There is no minimum amount if there is diversity. b. $10,000. c.
natulia [17]

Answer:

d. $75,000

Explanation:

Minimum Claim value to claim in the court for a federal diversity suit is $75,000. It is also called the amount in controversy. For example federal court diversity suit requires a minimum value of claim is $75,000. So, The minimum amount required for a federal diversity suit is $75,000 in the court.

5 0
4 years ago
The College Bookstore sells a unique calculator to college students. The demand for this calculator has a normal distribution wi
ale4655 [162]

Answer:

A) 200 units

Explanation:

mean daily demand = 20 calculators

standard deviation = 4 calculators

lead time = 9 days

z-critical value (for 95% in-stock probability) = 1.96

normal consumption during lead-time:

= mean demand × lead time

= 20 × 9

= 180 calculators

safety stock = z × SD × √L

                    = 1.96 × 4 × √9

                    = 1.96 × 4 × 3

                    = 23.52 calculators

reorder point = normal consumption + safety stock

                       = 180 + 23.52

                       = 203.52 calculators

3 0
3 years ago
Causes and effects of International Factor Mobility
tatiyna

Answer:

Domestic factor mobility. refers to the ease with which productive factors like labor, capital, land, natural resources, and so on can be reallocated across sectors within the domestic economy. Different degrees of mobility arise because there are different costs associated with moving factors between industries.

Explanation:

3 0
3 years ago
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