Answer:
Loan Amortization Table is attached with this answer, please find it
Explanation:
First of all we calculate the Loan Payment per period
Loan Payment per year = r ( PV ) / 1 - ( 1 + r )^-n
Loan Payment per year = 0.11 ( (102,049 - 40,000 ) / 1 - ( 1 + 0.11 )^-4
Loan Payment per year = $6,825.39 / 0.341269 = 20,000 per year
Answer:
Yes
Explanation:
Because of he really wants to sees his company growing up to another level
Answer:
$3 per glass
Explanation:
THe consumer are paying (9-6) per glass, so $3 higher.
Most other data in the question seems irrelevant.
Explanation:
For continuous compounding, we use the following formula

<u>Scenario 1 : </u>
FV = $ 90
N = 2 years
I = 6%
PV= ?



PV = $ 79.82
<u>Scenario 2:</u>


PV = $ 75.17
<u>Scenario 3:</u>


PV = $ 70.80