What do externalities indicate?

A $52,000 loan is taken out on a boat with the terms 3% apr for 36 months. the apr is compounded monthly. how much are the month

boyakko [2]

Answer:

Monthly payments=($56890.673/36)=$1,580.296

Explanation:

The formula for calculating the compound interest is given as;

A=P(1+r/n)^nt

where;

A-Amount to be paid after a given period of time

P-Principal amount initially taken=$52,000

r-The annual interest rate=3%=3/100=0.03

n-Number of times the interest is to be compounded per unit time=12

t-3

Replacing;

A=52000(1+0.03/12)^3

A=52000(1.0025)^(3×12)

A=56,890.673

The total amount after 36 months=$56,890.673

Monthly payments=($56890.673/36)=$1,580.296

5 0

3 years ago

You have just made your first $4,500 contribution to your individual retirement account. Assume you earn an annual return of 11.

shusha [124]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Investment= $4,500

Interest rate= 11.45%

For both options, we will use the following formula:

FV= PV*(1+i)^n

a. Number of years= 43

FV= 4,500*(1.1145^43)

FV= $476,053.37

b. Number of years= 33

FV= 4,500*(1.1145^33)

FV= $161,010.77

5 0

4 years ago

Huey has eaten two hamburgers and is considering a third.The marginal benefit in his decision is the pleasure from consuming

krok68 [10]

Answer:

C

Explanation:

A rational consumer would keep consuming as long as he continues to derive satisfaction from consuming one more unit of a product..

For example, if you have eaten two hamburgers and you are contemplating whether to consume one more unit of hamburger or not. one of the factors you would consider is if you would derive a marginal benefit from one more consumption. If you would, you would consume one more hamburger and if you would not, you won't consume the hamburger

6 0

4 years ago

Why does demand rise when house prices increase? (Macroeconomics)

Dahasolnce [82]

Answer: If house prices rise, then the wealth effect is likely to cause an increase in consumer spending. This will cause higher Aggregate Demand (AD), and it is likely to cause an increase in Real GDP and a higher rate of economic growth.

Explanation:

5 0

3 years ago

Palmona Co. establishes a $330 petty cash fund on January 1. On January 8, the fund shows $237 in cash along with receipts for t

alexandr402 [8]

Answer:

The following information was missing:

"... with receipts for the following expenditures: postage, $36; transportation-in, $13; delivery expenses, $15; and miscellaneous expenses, $25. Palmona uses the perpetual system in accounting for merchandise inventory.

Prepare journal entry to establish the fund on January 1, reimburse it on January 8, and reimburse the fund and increase it to $450 on January 8, assuming no entry in part 2."

Part 1:

January 1, petty cash fund established

Dr Petty cash fund 330

Cr Cash 330

Part 2:

January 8, petty cash expenses

Dr Postage expenses 36

Dr Transportation expenses 13

Dr Delivery expenses 15

Dr Miscellaneous expenses 25

Dr Cash short and over 4

Cr Petty cash fund 93

Part 3:

January 8, petty cash expenses

Dr Postage expenses 36

Dr Transportation expenses 13

Dr Delivery expenses 15

Dr Miscellaneous expenses 25

Dr Cash short and over 4

Cr Petty cash fund 93

January 8, petty cash fund is replenished

Dr Petty cash fund 213

Cr Cash 213

7 0

3 years ago