Answer:
The correct option is a. $19,073.
Explanation:
Since the company must repay the bank a single payment of $25,000, the present value can be calculated as follows:
PV = FV / present value of 1 (single sum) at 7% for 4 years ..................... (1)
Where;
PV = Present value of the loan = ?
FV = Future value of the loan = $25,000
Present value of 1 (single sum) at 7% for 4 years = 0.7629
Substituting the values into equation (1), we have:
PV = $25,000 / 0.7629
PV = $19,073
Therefore, present value of the loan (rounded) is $19,073. Therefore, the correct option is a. $19,073.
Answer:
40 persons
Explanation:
Given:
Total cost of trip = $560
Number of people Decide not to go = 5 people
raise cost = $2
Assume:
Number of people wants to go = a
Cost per person = b
So, a x b = $560 , b= 560/a
After people decided not to go ,
Total number of people = (a-5)
New cost = (b+2)
So , total cost = (a-5)(b+2) = $560
ab +2a -5b -10 = 560 , where ab = $560
2a -5b = 10
2a -5b = 10
By putthing value of b
2a - 5 (560/a) = 10
2a - (2800 / a) = 10
2a² - 2800 = 10a
2a² -10a - 2800 = 0
a= 40
Total 40 persons wants to go.
Answer:
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Answer:
319
Explanation:
Data provided as per the requirement of solution is here below:-
Interest rate = 11%
Solar water heater cost - $2,900
The computation of savings on water is shown below:-
Solar water heater cost = X ÷ Interest rate
2,900 = X ÷ 0.11
X = 2,900 × 0.11
= 319
Therefore the homeowner saves on water heating costs every year is 319.
Answer:
The correct answer is the appraiser performed in the assignment.
Explanation:
In order to appraise, or evaluate someone's work, the report must include all details of the work performed. Otherwise, how else would that finished job be evaluated? It's important to describe the work done in order to determine how well or how badly the appraiser performed in the assignment, according to the appraisal report.