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
Gala2k [10]
3 years ago
6

Jeffries & Sons is borrowing $95,000 for four years at an APR of 7.05 percent. The principal is to be repaid in equal annual

payments over the life of the loan with interest paid annually. Payments will be made at the end of each year. What is the total payment due for Year 3 of this loan?A) $28,224.90B) $27,098.75C) $25,424.38D) $30,447.50E) $28,773.13
Business
1 answer:
kati45 [8]3 years ago
8 0

Answer:

correct option is B) $27,098.75

Explanation:

given data

borrowing =  $95,000

APR = 7.05 percent

to find out

total payment due for Year 3

solution

we will apply here formula for total payment due for Year 3  that is express as

total payment due for Year 3   = \frac{principal}{4} + \frac{principal}{4*2*rate}     .............1

put here value

total payment due for Year 3   = \frac{95000}{4} + \frac{95000}{4*2*0.0705}  

total payment due for Year 3   = $27098.75

so correct option is B) $27,098.75

You might be interested in
The value of the mutual fund's portfolio minus the mutual fund's liabilities divided by the number of shares outstanding is call
lara [203]

Answer:

Net Asset value (NAV)

Explanation:

Net Asset value (NAV) represent per share market value of the fund.It is calculated using the below formula

Net Asset value of fund=Value of mutual fund's portfolio-Mutual fund liabilities/Number of share outstanding.

Mutual fund portfolio normally includes all the cash and securities of a fund.

NAV is normally computed at the end of the end of each trading day based on the closing market prices of the fund portfolio.

6 0
3 years ago
An executive who prioritizes the organization's mission and the needs and goals of subordinates, rather than ego gratification a
julsineya [31]
The executive is exhibiting a mission-driven leadership characteristic.
6 0
3 years ago
Read 2 more answers
A political leader suggesting that an economic downturn will be cushioned by nondiscretionary fiscal policy is referring to:____
pishuonlain [190]

Answer:

Option A is the correct approach.

Explanation:

  • This is indeed a connection to compulsory tax and government expense stabilizers which weren't at the discretion including its government. Throughout the event of a recession, expenses are cut, rising discretionary income to something like the extent that the economic depression is pacified.
  • Unemployment insurance, as well as other social programs, are consequently expanded without the clear intervention of the government

The other options offered are also not relevant to the scenario presented. So, the solution above is the right one.

5 0
3 years ago
How did IT help the company solve that problem?
Vikentia [17]

Answer:

IT helps society and determines how people interact with each other on a daily basisIt enables you to identify problems quicker and easier and helps you better analyze a complex problem. Technology students are especially encouraged to be innovative and to want to improve a current situation by encountering and solving problems, in an advanced way.

Explanation:

IT means Information Technology

#HOPE IT HELPED#

8 0
2 years ago
8. When Jill Thompson received a large settlement from an automobile accident,
Dennis_Churaev [7]

Answer:

The amount of fees that Jill will pay this year=$248.20

Explanation:

Expense ratio is a measure of how much fees that fund management firms charge their clients for their investments services. These fees cover administrative and operational costs. In our case, the expense ratio will be expressed as the fees that Jill will pay as a portion of the total amount she invested. The expense ratio can be expressed as shown;

ER=C/A

where;

ER=expense ratio

C=total funds cost

A=total funds assets

In our case;

ER=0.17%=0.17/100=0.0017

C=unknown to be determined

A=$146,000

replacing;

C=ER×A

C=0.0017×146,000=$248.20

The amount of fees that Jill will pay this year=$248.20

3 0
3 years ago
Other questions:
  • Serene City enacts an ordinance that bans the use of "sound amplifying systems" on public streets. Tyler wants to campaign for a
    7·1 answer
  • Zero-based budgeting assumes that all funding allocations must be justified from zero each year.
    9·1 answer
  • Economies of scope Question 21 options: stem from the cost-saving efficiencies of scattering a company's manufacturing/assembly
    6·2 answers
  • On January 1, Guillen Corporation had 95,500 shares of no-par common stock issued and outstanding. The stock has a stated value
    11·1 answer
  • Many experts say that the most distinctive skill a professional marketer might have is the ability to build and manage a​ ______
    15·1 answer
  • In January 2016, Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $50,000 were paid to acquir
    8·1 answer
  • Jamara has started a home party business that hosts parties and those attending paint signs. Jamara must pay $500 a year to be a
    13·1 answer
  • (L.O. 2) Nolan Company sells its product on an installment basis, earning a $450 pretax gross profit on each installment sale. F
    6·1 answer
  • 1. Drawing on discussions of informational justice, how should Andrea approach the morning briefing? Should she be honest and in
    8·1 answer
  • Arrow Printers paid $2,000 interest on short-term notes payable, $10,000 interest on long-term bonds, and $6,000 in dividends on
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!