Answer:
The annual payment at the end of each year: $4,572.23
Explanation:
The formular for calculating Present value of Annuity is applied in this case to help us find the equal annual payment.
Applying information in the question, we have the annuity that have:
n= 10 as there are 10 equal annual payments paid at the end of each year during 10 years;
i = 8.5% per annum compounded annually, as stated in the question;
PV = Borrowed amount = $30,000;
C = the equal annual payment.
The formular for PV of Annuity: PV = (C/i) x [ 1- (1+i)^(-n)] <=> C = (PV x i) / [ 1- (1+i)^(-n)]
Thus, C = (30,000 x 8.5%) / [ 1- 1.085^(-10) ] = $4,572.23
Transactional leadership
Transactional leadership is a
leadership style that deals with the function of supervision, organization, and
employee’s performance to achieve high job performance. Leaders who carryout this
style focuses on specific tasks and use rewards and punishments to motivate followers.
Raising the prices of their jam after people start buying it because they will want that jam no matter the price if they even relize it has gotten more expensive
The amount of stockholder's equity is calculated as -
Total stockholder's equity = Common stock issued + Additional paid in capital + Retained earnings - Treasury capital
Total stockholder's equity = $ 12,000 + 11,000 + $ 12,000 - $ 4,000
Total stockholder's equity = $ 31,000
