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lord [1]
4 years ago
15

You have a loan outstanding. It requires making eight annual payments of $ 1 comma 000 each at the end of the next eight years.

Your bank has offered to restructure the loan so that instead of making the eight payments as originally​ agreed, you will make only one final payment in eight years. If the interest rate on the loan is 6 %​, what final payment will the bank require you to make so that it is indifferent to the two forms of​ payment?
Business
1 answer:
dexar [7]4 years ago
7 0

Answer:

$9,897

Explanation:

As per the data given in the question,

Given that

Number of annual payments = 8

Amount of annuity = $1,000

Interest rate of loan = 6%

Future value of annuity = Amount of annuity((1+rate)^time period - 1) ÷ rate

= $1,000((1.06)^8-1) ÷ 0.06

= $9,897

We simply applied the formula to compute the future value of annuity and the same is shown above .

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The answer to this question is <span>By electing a board of directors
</span><span>Board of directors will have a certain amount of voting rights based on their total ownership in that company.
This voting right often used in electing top level management such as CEO or CFO. So, if you have the majority votes in the board of directors, you could technically control the upper management in that company.</span>
7 0
3 years ago
Sophia spends most of her time as head of the engineering department on keeping the engineers “on task.” She distributes daily r
Ierofanga [76]

Answer: Sophia demonstrates <u><em>high structure, low consideration</em></u> kind of leadership style based on the research from Ohio State University.

Under <u><em>high structure, low consideration; </em></u><em>the individual renders particular operating instructions and closely oversee the performance of other employees.</em>

<u><em>Therefore, the correct option is (c) ​High structure, low consideration</em></u><em> </em>

4 0
4 years ago
Swiss Miss instant hot chocolate uses images of Winter Olympic athletic events with athletes and fans warming up to a mug of the
dexar [7]

Answer:

The answer is: ambush marketing

Explanation:

Ambush marketing is a strategy that benefits from events or competitions that already have their own official sponsors. It's a "cheap" way of associating a brand with a big world class event on a relatively small budget. This happens a lot on international sports, specially by placing logos on the athletes' uniforms.  

4 0
3 years ago
The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is Rs.500 a ride. Motorvill
larisa86 [58]

Answer:

The answer is below

Explanation:

i) The price elasticity of demand is given by the formula:

Price \ elasticity\ of \ demand=\frac{\Delta Q}{\Delta P} =\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} } \\\\Price \ elasticity\ of \ demand=\frac{\frac{40-80}{(40+80)/2} }{\frac{600-500}{(600+500)/2} }=\frac{-2/3}{2/11} =3.667 (ignore \ the\ sign)

Since the price elasticity of demand is greater than 1 hence it is elastic

ii) Since the price elasticity of demand is elastic as a result of increase in fare, hence the total revenue would decrease.

iii)

Price \ elasticity\ of \ demand=\frac{\Delta Q}{\Delta P} =\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} } \\\\Price \ elasticity\ of \ demand=\frac{\frac{120-80}{(120+80)/2} }{\frac{400-500}{(400+500)/2} }=\frac{0.4}{-2/9} =1.8 (ignore \ the\ sign)

Since the price elasticity of demand is greater than 1 hence it is elastic

4 0
4 years ago
Joy's Java Café needs $4,000 cash per day for customer transactions. Joy has a choice between going to the bank first thing on M
mezya [45]

Answer:

$600

Explanation:

Given:

Total number of week = 50 Trip

Each trip cost = $3

Number of working days in a week = 5

After 10% Inflation rate number of trip = 50 (one day in a week = 1 x 50 weeks )

Calculation:

Without inflation Trip = 50 trip x 5 Days

                                   = 250 trip

After Inflation = 250 - 50 Trips

                       = 200 Trips

Total cost = 200 x 3$

                 = $600

8 0
3 years ago
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