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
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)

You might be interested in
Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard de
horrorfan [7]

Answer:

0.43

Explanation:

The computation of the weight of Security A for the minimum variance portfolio is shown below:

Weight of security A is

= (Standard deviation of Security B) ÷ (Sum of the standard deviation of securities)

= (12%) ÷ (16% + 12%)

= (12%) ÷ (28%)

= 0.43

We simply applied the above formula so that the weight of Security A

4 0
3 years ago
Cedric Company recently traded in an older model of equipment for a new model. The old model’s book value was $252,000 (original
vfiekz [6]

Answer:

Explanation:

General Journal

Dr Cr

Equipment - new 348,000

Accumulated depreciation 300,000

Cash 68,000

Equipment - old 552,000

Gain 28,000

Workings:

Equipment – new ($280,000 + 68,000) = $348,000

Gain ($280,000 – 252,000) = $28,000

7 0
3 years ago
You are thinking about buying a new car and will borrow $20,000 for this purchase at a 5 percent fixed rate for exactly one year
natita [175]

Answer:

You will pay back the lender exactly <u>$21,000</u>, which will represent <u>$20,600</u> of purchasing power.

Explanation:

you will pay back the lender exactly $21,000, which will represent $20,600 of purchasing power.

$20,000 for this purchase at a 5 percent fixed rate

=$20,000*5/100

=$20,000*0.05 = $1,000

=$20,000 + $1,000 = $21,000

Inflation will be 2 percent this year

=$20,000*2/100

=$20,000*0.02 = $400

=$20,000 + ($1,000 - $400)

=$20,000 + $600 = $20,600

3 0
3 years ago
Investments are different from savings accounts in that they:
Natalka [10]
I think it is Carry a risk of losing money (A) 
5 0
3 years ago
Read 2 more answers
Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formul
Alexandra [31]

Answer:

$981,000 - Total Building Cost

Explanation:

To answer this question, we were told that the customer wants to build a moderate 3,800 square foot home. However, although it says with no utilities, utility cost will be applicable because it represents what is needed by the builders and engineers to get their work done on the vacant lot of land.

Therefore,  the cost to build = Administrative cost +  Building cost (moderate) + appliances cost + utilities cost

= $40,000 + (220 x 3800 square foot) + $45,000+ $60,000

=$40,000 + $836,000 + $45,000+ $60,000

= $981,000

6 0
3 years ago
Other questions:
  • Which of the following scenarios is an example of using potentially copyrighted material?
    6·2 answers
  • MARKING BRAINLIST!!! THE NAMES HAVE TO BE REALLY GOOD!
    11·2 answers
  • Crinkle Cut Clothes Company manufactures two products CC1 and CC2. Current direct material and direct labor costs are detailed b
    11·1 answer
  • These are generally awarded to undergraduate students based on need, school cost, and/or enrollment status and do not have to be
    13·2 answers
  • David is the HR manager at Garden Pipes International. For filling the vacancies created by recent retirements in the finance​ d
    9·1 answer
  • Xtreme Sports has $240,000 of 6% noncumulative, nonparticipating, preferred stock outstanding. Xtreme Sports also has $640,000 o
    10·1 answer
  • How many elective courses do you have to take to get a bachelors degree
    8·1 answer
  • Which aspect of organizing Is concerned with dividing a large task Into smaller tasks and assigning the tasks to the right emplo
    15·2 answers
  • Kenseth Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related val
    12·1 answer
  • 5. One-year interest rates are 2% in the U.S. and 5% in Canada. “Jackie the carry trader” borrows $3,000,000 to execute a carry
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!