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
Setler79 [48]
3 years ago
5

2. Suppose you borrow $2,000 at 5% and you are going to make annual payments of $734.42. How long before you pay off the loan

Business
1 answer:
Alona [7]3 years ago
6 0

Answer:

3 years

Explanation:

The computation of the time period is shown below

Present value of annuity = Annuity × [1 - (1 + interest rate)^-time period] ÷ rate

$2,000 = $734.42 × [1 - (1.05)^-n] ÷ 0.05

$2,000 = $14,688.4 × [1-(1.05)^-n]

1-(1.05)^-n = ($2000 ÷ $14,688.4)

(1.05)^-n = 1 - ($2000 ÷ $14,688.4)

( 1 ÷ 1.05)^n = 0.86383813

Now take the log to the both sides

n × log(1 ÷ 1.05) = log0.86383813

n = log0.86383813 ÷ log (1 ÷ 1.05)

= 3 years

You might be interested in
What would happen to the body if the body temperature continue to decrease during the 10th hour instead of leveling off
skad [1K]

Answer:

there body would over heat

Explanation:

Hypothermia occurs when the core body temperature drops below 35°C, ie it is unintentional excessive heat loss. According to the graph shown in the question, hypothermia would happen if body temperature continued to decrease over the tenth hour rather than stabilize.

The core temperature of the human body should be between 36.5ºC and 37.5ºC. Below this threshold, various symptoms begin to appear, from cold to death. When there is a sudden drop in body temperature, the nerve endings detect the low temperature and immediately the body begins to perform vasoconstriction (downsizing) of the blood vessels, especially the skin, in order to decrease heat loss and stabilize the internal temperature. This is why the skin gets cold.

3 0
3 years ago
Jill and sam, recent graduates, are hired as computer analysts for hrj enterprises inc. in a conversation over lunch, jill disco
adell [148]
<span>Jill still has a wage discrepancy claim using the Equal Pay Act and Title VII because the remedy was to lower Seth's salary in response. The discrepancy still existed for the entire time that she and Seth had differing wage rates. This would fall under Title VII as a type of sex-based discrimination.</span>
7 0
3 years ago
What do you mean by office personal<br>​
weqwewe [10]

Answer:

An office personal is a private office space. So having a private office you have more privacy, and this can result in higher productivity if your work requires full concentration.

5 0
3 years ago
In one paragraph describe the general advantages and drawbacks of the premium pricing strategy.For exapmle, explain where it fal
pishuonlain [190]

Answer:

The main advantage resulting from a premium pricing strategy is the higher profits. Another advantage is that customers that purchase premium products seek higher quality and tend to show higher brand loyalty associated with the status of using premium products. The disadvantages of premium pricing are that it cannot be applied to all products, the marketing efforts tend to be more specific, and therefore, represent a higher percentage of sales, and finally, not everyone is willing to pay premium prices.

6 0
3 years ago
A promotional tool in which a company lets consumers have a small sample of a product for no charge is known as?
ioda

Sampling is the promotional tool in which a company lets consumers have a small sample of a product for no charge.

Sampling is a process utilized in statistical evaluation wherein a predetermined wide variety of observations are taken from a bigger populace. The method used to pattern from a bigger populace depends on the form of evaluation being accomplished, but it can encompass easy random sampling or systematic sampling.

The number one intention of sampling is to create a consultant sample, one wherein the smaller institution (sample) appropriately represents the traits of the bigger group (population). If the pattern is properly decided on, the sample can be generalizable to the populace. there are many methods to attain a sample.

There are most important forms of sampling methods – possibility and non-opportunity sampling. Chance sampling, also known as random sampling, is a form of sample selection in which randomization is used rather than planned desire.

Learn more about the Sampling here brainly.com/question/12892403

#SPJ4

5 0
2 years ago
Other questions:
  • The sales tax rate is 7.4 find the tax paid for a pair of shoes with of list price of 93
    5·1 answer
  • When you are finished working with a presentation, you can exit powerpoint. if there is only one presentation open, you click th
    5·1 answer
  • In its first year of operations, Woodmount Corporation reported pretax accounting income of $500 million for the current year. D
    15·1 answer
  • On January 1, 2014, Fishbone Corporation sold a building that cost $260,300 and that had accumulated depreciation of $105,700 on
    12·1 answer
  • You are a new manager at a plumbing supply manufacturer where there are an unusually high number of returns for a new aerator us
    11·1 answer
  • HELP HELP 10 POINT FOR YOU ILL MAKE IT 20 HELP HELp
    14·2 answers
  • What is one of the main economic benefits of free trade?
    6·1 answer
  • Why do you think p2p apps have become so popular?
    7·1 answer
  • When every economic unit in a society attempts to achieve its own particular goal, usually requiring delivering something of val
    7·1 answer
  • Which of the following would appear in the Debits column of a bank statement for a checking account?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!