Answer: 2.5186 percent
Explanation:
First you have to understand that the payment includes Payment Interst plus Debt Payment and that the Payment Balance is the Loan Amount minus the Debt Payment; with this information you calculate the Loan Amount that is 260,500.00 and calculate the rate per month (use the interest debt / Loan Amount) which results in 0.2075 percent (TEM). To calculate the annual interest rate you use the formula to convert to TEA which is ((1+TEM)^12)-1).
Answer:
The airport should invest a uniform amount of $357,958.55
Explanation:
Hi
First of all, we need to know how much will cost the land in five years so we have, , that means that the future value of the land will be $2'100,000.
Now we can use with and %, so we have
Answer:
b) it is impracticable to determine some period-specific effects.
c) it is impracticable to determine the cumulative effect of prior years.
Explanation:
According to the actual normativity these are the two options more consistent with the exercise.