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makkiz [27]
3 years ago
6

Prescott Bank offers you a five-year loan for $75,000 at an annual interest rate of 6.8 percent. What will your annual loan paym

ent be
Business
1 answer:
jasenka [17]3 years ago
3 0

Answer:

$18,193.95

Explanation:

Interest rate = 6.8% = 0.068

Number of years = 5

Capital Recovery Factor = (A/P ,I, N) = (i*((1+i)^N)) / (((1+i)^N) - 1)

Capital Recovery Factor = (A/P,6.8%,5)

Capital Recovery Factor = (0.068* (1.068^5)) / ((1.068^5) - 1)

Capital Recovery Factor = 0.242586

Annual loan payment = $75,000 * Capital Recovery Factor

Annual loan payment = $75,000 * 0.242586

Annual loan payment = $18,193.95

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I think it is a guarantee.

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Richard is a secondary science teacher at a Catholic High School. He has worked there for three years. When he was first intervi
vredina [299]

Explanation:

In the scenario described by the question above, we saw that the main problems in the workplace begin with the hiring of Professor Richard, this is due to the fact that a Catholic school is based on values ​​and dogmas that are religious symbols of tradition, respect and culture.

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The school should better analyze Richard's professional conduct before terminating his contract, making it clear to him that, regardless of his individual positions, in the workplace he should act in accordance with the company's current rules and procedures.

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A technique to bring changes in the
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8 0
3 years ago
Jane currently has $5,000 in her savings account and $2,000 in her checking account at the local bank. Instructions: Use a posit
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As a result of a thorough physical inventory, Railway Company determined that it had inventory worth $180,000 at December 31. Th
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