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Alex17521 [72]
3 years ago
14

Another bank is also offering favorable terms, so Rahul decides to take a loan of $12,000 from this bank. He signs the loan cont

ract at 5% compounded daily for 12 months. Based on a 365-day year, what is the total amount that Rahul owes the bank at the end of the loan's term? (Hint: To calculate the number of days, divide the number of months by 12 and multiply by 365.)
Business
1 answer:
uranmaximum [27]3 years ago
8 0

Answer:

$12,615.21

Explanation:

The formula for calculating future value:

FV = P (1 + r)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

m = number of compounding

$12,000 (1 + 0.05 / 365)^365 = $12,615.21

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Jon was hired as a new manager and worked closely with Christine, a supervisor who had worked for the company for over a decade.
postnew [5]

Answer:

i. The training method was on-the-job training.

ii. Christine's performance error was stereotyping.

Explanation: On-the-job training is a learning process in which a worker is trained on how to perform certain tasks by actually doing those tasks, where an experienced colleague, supervisor or manager will usually serve as the trainer.

Stereotyping is the act for generalizing a particular category of people, it is having an expectation of a person or group of persons that they might behave or act in a certain way.

Christine in the scenario above, has ranked Jon using a stereotype that he is young new to the job, therefore that is the reason why he did not perform well or up to standard.

6 0
3 years ago
A 6.75 percent coupon bond with 26 years left to maturity can be called in six years. The call premium is one year of coupon pay
kiruha [24]

Answer:

The yield to call  is 5.07%

Explanation:

The yield to call can be computed using the rate formula in excel,which is given as :=rate(nper,pmt,-pv,fv)

nper is the number of years to call which is 6 years

pmt is the annual interest coupon payable by the bond,which is :6.75%*$1000=$67.5

The pv is the current price at which the bond is offered to investors. i.e $1,135.25

fv is the price at the bond would be called in six years i.e par value+premium

par value is $1000

premium is $67.5

call price is $1067.5

=rate(6,67.5,-1135.25,1067.5)

rate=5.07%

8 0
3 years ago
On January 2, 2020, Orange Corporation purchased equipment for $300,000 with an ADS recovery period of 10 years and a MACRS usef
Sveta_85 [38]

Answer:

decrease $49,605

Explanation:

corporation purchased eqipment = $ 300000

ADS recovery period = 10 years

MACRS useful life of 7 years

th eequipment sold for $290,000

The result is option d. Decrease $ 49,605

4 0
3 years ago
You buy a $10,000 par treasury bill at $9,575 and sell it 60 days later for $9,675. what was your ear?
Dahasolnce [82]
To find the EAR:

EAR = (sold price/purchase price)^(days in year/days you had it) -1
EAR = (9,675/9,575)^(365/60)-1
EAR = .06524 

Then to make the decimal a percentage multiply the answer by 100.
EAR = .06524(100)
EAR - 6.52%
5 0
3 years ago
Read 2 more answers
What are the 3 Skills listed for a roofer?
Stels [109]

Answer: A

Explanation:

5 0
3 years ago
Read 2 more answers
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