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
dlinn [17]
3 years ago
14

Grant Corporation is looking to purchase a building costing $1,300,000 by paying $500,000 cash on the purchase date, and agreein

g to make payments every quarter for the next five years. The first payment is due three months after the purchase date. Grant's borrowing rate for this transaction is 8% (this is an annual interest rate). Required: Calculate how much each of the payments should be.
Business
1 answer:
Alexandra [31]3 years ago
5 0

Answer:

Grant Corporation

The payments should be $42,133.16 every quarter.

Explanation:

a) Data and Calculations:

Building cost = $1,300,000

Down payment = $500,000

Interest rate = 8% per year

Payment terms = quarter for 5 years

From an online calculator, the payments should be:

N (# of periods)  20

I/Y (Interest per year)  2

PV (Present Value)  800000

FV (Future Value)  0

Results

PMT = $42,133.16

Sum of all periodic payments $842,663.23

Total Interest $42,663.23

You might be interested in
Most people would rather give up their tvs or the internet than their mobile phones.
12345 [234]

ANSWER – TRUE

 

Most people would rather do away with their TVs or the Internet than their mobile phones. <span>While for a fact, television remains the most used media, and the internet is fast catching up, surveys have shown that most people would still prefer to hold on to their mobile phones above these two.</span>

5 0
3 years ago
On January 1, 2022, the Sheridan Company ledger shows Equipment $49,700 and Accumulated Depreciation $18,280. The depreciation r
Lisa [10]

Answer:

revised annual depreciation will be : 13710

Explanation:

After revision the remaining life of equipment shrank down to 2 years, so the depreciation working will be worked out to adjusted the impact of decreasing of useful life.

As per existing information the depreciation charges are calculated as :

(Cost-Salvage Value)/Useful life= (49700-4000)/10 = 4570

Accumulated Depreciation indicates that 4 years have past by (18280/4570)

now remaining years are 6 which will be reduced to 2 after revision so the new working will be as follows:

Remaining Cost :31420  (49700 -18280)

Salvage Value : 4000

Revised Remaining Useful Life  : 2

Revised Calculated Depreciation Annual  : (31420-4000)/2 = 13710

It can be further verified through simple math also:

Adding annual depreciation of remaining 2 years : 13710 +13710 =27420

Value available for depreciation after salvage value : 31420 -4000= 27420

3 0
3 years ago
Read the sentence.
kow [346]

Answer:I think its 4

Explanation:

4 0
3 years ago
Read 2 more answers
Inayah needs Rs.100, 000 to start an ice-cream business. If she uses Rs.40, 000 from her savings and another Rs.60, 000 borrows
Lelu [443]

Answer: 5% of RS 100,000

Explanation:

Opportunity cost is what an economic agent such as an individual, form or government forgoes when a choice is made from different available choices.

Here, since Inaya has used Rs100000 for her ice cream business, the opportunity cost will be the 5% interest that she could have made on the money used for the business

4 0
3 years ago
Using 3-5 sentences drescribe the broiler chicken production process to someone who feels broiler chickens are produced inhumane
DanielleElmas [232]

Answer:

Broiler chicken are produced from fertile eggs which is different from the table eggs (which are sterile) by hatchery. The fertile eggs are incubated in an incubator which hatch the chick from the eggs. The chicks are fed for seven to nine months to attain market table weight of approximately four pounds.

The broiler chicken are produced in a liter system under a dwarf Wall with wire house, that is chicken are in a crowned house. This system is effective and cost efficient.

3 0
3 years ago
Other questions:
  • Last winter, your service fraternity volunteered at an elementary school in a lower income neighborhood in your city. You notice
    12·1 answer
  • Malika just got hired by Amazon to work in upper management. She currently lives in South Carolina, and has to move to Californi
    9·1 answer
  • Waterway Industries's direct materials budget shows total cost of direct materials purchases for January $200000, February $2200
    5·1 answer
  • 1. The crucible is not fired, as the procedure suggests. The mass of the dirty crucible is recorded. However, the impurities are
    10·1 answer
  • The Foreign Corrupt Practices Act (FCPA) has been criticized for:
    7·1 answer
  • The study of behavior in situations of interdependence is known as
    9·1 answer
  • <img src="https://tex.z-dn.net/?f=%5CHuge%5Csf%5Cunderline%7B%5Cunderline%7B%5Cred%7BQuestion%7D%7D%7D" id="TexFormula1" title="
    5·1 answer
  • Waterway Industries reported the following data: 2020 2021 Sales $2980000 $4850000 Net Income 293000 391000 Assets at year end 1
    7·1 answer
  • WILL MARK BRAINLIEST
    5·1 answer
  • Based on the limited amount of information provided, what would you guess is the social style of the buyer? how about the social
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!