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alex41 [277]
3 years ago
14

Suppose that you have just borrowed $200,000 using a 20-year loan with an annual interest rate of 10% arxl monthlypaymentsandmon

thlycompounding. Howmuchofyourfirstpaymentwillconsistofinterest?
Business
1 answer:
lapo4ka [179]3 years ago
4 0

Answer: $1666.67

Explanation:

Given from the question

Principal (P) = $200,000

Rate= 10%

Time= 20years

The interest (I) on the first payment is the extra money that is to be paid in addition to the principal borrowed.

The interest for the first year has the formula:

I = (P×R) ÷ 100

I= (200000×10) ÷100

I = $20,000

Therefore the extra amount to be paid on the loan of $200,000 that increases at a rate of 10% for the first year would be $20,000.

The interest compounds monthly therefore, the payment on the first month would be

First Month Interest= 20,000÷12

=$1666.67

Therefore the part of the first payment that would be interest is $1666.67.

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expeople1 [14]
The distribution channel used by the Valley Farm Dairy would be direct distribution. It is a type of channel distribution that is used to directly sell the goods from the producer to the consumers themselves. The use of intermediaries would increase the price of the good when it reaches the consumers.
3 0
3 years ago
Devon, an accounts manager at a large electronics firm, does not have any direct international responsibilities; however, Devon
Nonamiya [84]

Answer:

Develop International management skills

Resolve commercial challenges. ...

Explanation:

Devon would most likely benefit from studying international business issues because it will help him:

1. Develop Management Skills: Devon might grow to a management position in an international company without having the required skills and knowledge on how to manage a multi-cultural business environment.

2. Resolve Commercial Challenges: Although Devon does not have international responsibilities, he might be appointed into a team or would be much more valued in the company if he proffers solution to commercial challenges. The ability to do so will be gained with a study in international business.

5 0
3 years ago
The step of making a tentative plan in the troop-leading procedure usually has six steps. what is step six?
vladimir1956 [14]
Step six is to complete the plan.

The basic six steps are:
- receiving the requirements
- issuing a warning order
- making the tentative plan
- initiating the movement
- conducting the <span>reconnaissance, and finally
</span>- completing the plan

It is also advisable to follow the 6 steps by two additional steps which are:
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5 0
3 years ago
M8-1 Evaluating the Decision to Extend Credit [LO 8-1 Nutty Productions Inc. generated service revenue of $48,000 and income fro
emmasim [6.3K]

Answer:

Yes

Explanation:

In this question, we have to compare the total income based on credit extended The computation is shown below:

If credit is not extended, then the total income would be

= Service revenue + income from operations

= $48,000 + $19,000

= $67,000

If credit is extended, then the total income would be

= Service revenue + income from operations - additional expenses for wages and bad debts

= $87,000 + $19,000 - $34,000

= $72,000

Yes the company extend credit as the total income is increased by $5,000

7 0
3 years ago
Which of these is similarity between being self-employed and owning a business?
lys-0071 [83]

The similarity between being self-employed and owning a business out of the above choices is that you or your business produces something. Whether you personally make it or you own a business that produces something, something is being produced. You are your own boss in both situations, you likely make all of the decisions in both but with owning your own business there is a team that can help. Normally if you are self-employed you can't take time off and generate revenue because you are the sole worker.

3 0
3 years ago
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