1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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)

You might be interested in
Tình hình kinh tế và triển vọng phát triển của việt nam
kodGreya [7K]

Answer:

English plzzz

Explanation:

8 0
2 years ago
Gulph Company reported the following results for May: sales $200,000, variable costs $120,000 and fixed costs $60,000. What amou
jeka57 [31]

Answer:

Break-even point (dollars)= $275,000

Explanation:

Giving the following information:

sales $200,000

variable costs $120,000

fixed costs $60,000

desired profit= $50,000

<u>To calculate the sales required to achieve the desired profit, we need to use the break-even point in dollars formula:</u>

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= (60,000 + 50,000) / [(200,000 - 120,000)/200,000]

Break-even point (dollars)= 110,000 / 0.4

Break-even point (dollars)= $275,000

6 0
3 years ago
. What statement is relevant to why business marketers consider the buying center model challenging? A large number of participa
Ierofanga [76]

<u>Answer:</u>

<em>It requires marketers to learn about all of the participants and their relative influence on the decision. </em>

<u>Explanation:</u>

Decision making can be performed by individuals or groups and includes employees as well as operational, middle, and senior managers. There are four stages in decision making: intelligence, design, choice, and implementation.

However, information systems are less successful at supporting unstructured decisions..  It requires marketers to learn about all of the participants and their relative influence on the decision.

7 0
3 years ago
True or false: society can attain a higher degree of specialization without the use of money than it can with money.
dalvyx [7]

Society can attain a higher degree of specialization without the use of money than it can with money. The given statement is false.

In order to become more effective, specialization in business is concentrating on a single product or a small range of items. Specialization can boost productivity and give a company or economy a competitive advantage.

A speedier, more efficient workflow is the outcome of each person being able to give their particular task the degree of focus they are capable of. Through specialization, a worker can leverage their education and work history to speed up procedures and boost sales.

One nation might, for instance, be a specialist in growing coffee beans, giving it a competitive edge. Additionally, it can enable this nation to use its current resources to create a sizable quantity of high-quality coffee beans.

Learn more about specialization here

brainly.com/question/24448534

#SPJ4

6 0
1 year ago
Johnson Battery Systems recently reported $9,000 of sales, $6,000 of operating costs other than depreciation, and $1,500 of depr
muminat

Answer:

$1,100

Explanation:

EBIT = Sales - Costs - Depreciation

       = $9,000 - $6,000 - $1,500

       = $1,500

Net income = EBIT - Tax @ 40%

                    = $1,500 - $600

                    = $900

Operating cash flow = Net income + Depreciation

                                  = $900 + $1,500

                                  = $2,400

Free cash flows:

= Operating cash flow - Increase in working capital - Capital expenditure

= $2,400 - $500 - $800

= $1,100

8 0
3 years ago
Other questions:
  • Olongapo sports corporation distributes two premium golf balls—flight dynamic and sure shot. monthly sales and the contribution
    6·1 answer
  • Cost of Goods Sold Allyson Ashley makes jet skis. During the year, Allyson manufactured 94,000 jet skis. Finished goods inventor
    12·1 answer
  • What is overdraft protection (ODP)?
    12·1 answer
  • Trell Corporation transferred $50,000 of accounts receivable to a local bank. The transfer was made
    7·1 answer
  • Chinese immigrants utilized the minority group response of __________ when they formed chinatowns.
    11·1 answer
  • Sixteen-year-old Travis Mitchell brought his Pontiac GTO into M&amp;M Precision Body and Paint for body work and a paint job. M&
    14·1 answer
  • The proper discount rate when using the dividend discount valuation model is the:
    14·1 answer
  • Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 64% bas
    7·1 answer
  • A census helps the CPI in what way?
    6·1 answer
  • Which of the following generate the type of externality previously described?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!