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scoray [572]
3 years ago
9

TriStar Company, a small biotechnology firm, has borrowed $250,000 to purchase laboratory equipment for gene splicing. The loan

carries an interest rate of 8% per year and is to be repaid in equal installments over the next 6 years. What is the amount of the annual installment
Business
1 answer:
Komok [63]3 years ago
8 0

Answer:

$54,078.85

Explanation:

This is a Time Value of Money question, We are required to find the Payment (Pmt) from the following given parameters :

Pv = $250,000

i = 8%

n = 6

P/yr = 1

Fv = $ 0

Pmt = ?

Pmt = <em>$54,078.85</em>

Therefore Payment per year is <em>$54,078.85</em> (using a financial calculator)

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Your grandmother invested one lump sum 17 years ago at 4.25 percent interest. Today, she gave you the proceeds of that investmen
White raven [17]

Answer:

The lump sum invested was $2,730.30.

Explanation:

Giving the following information:

Invested one lump sum 17 years ago at 4.25 percent interest. Today, the proceeds totaled $5,539.92.

We need to calculate the original amount that this person invested 17 years ago. We will use the following formula:

PV= FV/(1+i)^n

PV= 5,539.92/ (1.0425)^17

PV= $2,730.30

3 0
3 years ago
Before it was publicly known that IBM was going to take over Lotus Development, an IBM secretary told her husband, who told two
aalyn [17]

Answer:

Insider Trading

Explanation:

These people were insider trading because they were using non public material information to trade stocks and make profit. The information was confidential thus it was non public and the information could change the price of the stock that is why it was material and these people used this information to trade the stock thus they were all insider trading.

4 0
3 years ago
Inexpensive goods and services, which take very little consideration on the part of consumers and consumers frequently purchase,
nlexa [21]
Its called convenience products
4 0
3 years ago
The CPI is based on an: Multiple Choice average of the goods and services purchased by "urban consumers." average of the goods a
lisabon 2012 [21]

Answer:

average of the goods and services purchased by "urban consumers."

Explanation:

The US Bureau of Labor Statistics determines the CPI by calculating the weighted average of a basket of goods. More than 24,000 people are interviewed each year in order to elaborate this index, and the sample is taken from the US Census and includes people that live or work in urban areas around the country.

4 0
3 years ago
SFX Paintball Games, Inc., and Truck &amp; Trailer Delivery Corporation sign an agreement that provides for the payment of "$1,0
Jlenok [28]

Answer:

A liquidated damages clause.

Explanation:

The liquidated damage clause is the clause in which the party who has breach the contract or who has delay the completion of the contract has to pay the damages for the liquidation of the contract

here in the given situation, since the company has an agreement with the other party and if anyone party breach the contract then the price they paid would be $1,000 approx

Therefore this represents the liquidated damages clause

6 0
3 years ago
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