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masya89 [10]
3 years ago
15

This morning, you borrowed $9,500 at 8.9 percent annual interest. you are to repay the loan principal plus all of the loan inter

est in one lump sum four years from today. how much will you have to repay
Business
1 answer:
Anarel [89]3 years ago
8 0

The amount of lump sum that has to be repaid in 4 years is calculated using the future value formula as shown below:

FV = PV*(1+r)^n where

PV = Present value = 9,500

r = interest rate = 8.9% = 0.089

n = time in years = 4

FV = 9,500*(1+0.089)^4

FV = 9500*1.089^4

FV = $13,360.88

The amount that you have to repay in lump sum after four years = $13,360.88 (Rounded to 2 decimals)

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8_murik_8 [283]

I think A and C.

Hope this helps.

8 0
3 years ago
Consider the assembly line of a laptop computer. The line consists of 11 stations and operates at a cycle time of 1.50 minutes/u
allsm [11]

Answer: 13.5 minutes

Explanation:

Information turnaround time = Cycle time * Number of stations after error is made.

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Information turnaround time will therefore be:

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8 0
3 years ago
When John first starts his job, he rides the bus wherever he goes. However, after one year, John receives a promotion and a pay
bulgar [2K]

Answer:

<em>An inferior good</em>

<em></em>

Explanation:

<em>An inferior good is a good whose demand decreases with consumer's increase in income</em>. John's increase in pay, that came with his promotion, triggered John to switch to driving everywhere he goes instead of riding the bus. This is because John feels that riding the bus is no longer fit for him, now that he could readily afford driving around in the stead of taking the cheaper bus ride.

5 0
3 years ago
To help understand why attendance at the team's games was so poor, the atlanta falcons used marketing research to gather factual
Nataly [62]
The gathering of factual statements is an example of marketing research in its descriptive role.

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3 0
3 years ago
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alukav5142 [94]

Answer:

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Most hackers demand for monetary returns or cause collateral damage having gained unathourized access into an organization's data base.

There are several ways of hacking which includes;

Phising scam: An attempt to have access into a computer by making a user open an attachment or provide confidential information.

Malware attack: is a type of hacking attack which after being carried out, cripple activities of an entire organization including its business associate, government parastatals, customers etc in exchange for money.

Code break: This is where a secret software is installed to allow users hit a company' s data base through strings.

Organizations are beginning to expend money on their security systems by constantly updating them against any internal and external attack.

3 0
3 years ago
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