Answer:
4.16%
Explanation:
to calculate Singapore's economic growth rate we can use the future value formula (we could also use the rule of 72 but it is not very exact):
future value = present value x (1 + r) ⁿ
- future value = 900
- present value = 450
- n = 17
- r = ?
900 = 450 (1 + r)¹⁷
(1 + r)¹⁷ = 900 / 450 = 2
1 + r = ¹⁷√2 = 1.0416
r = 1.0416 - 1 = 0.0416 or 4.16%
the answer is A because the term trade off is often expressed as an opportunity cost
<span>A. income statement debit column</span>
Answer:
Explanation:
The cost of the car = $40,000
Down payment = $5,000
Therefore loan amount on the car = Cost of the car - Down payment
= $40,000 - $5,000
= $35,000
But loan repayment starts from 13th months; therefore there are 12 months or 1 year for which interest amount will be added with the total loan amount
Total loan amount after one year = $35,000 * (1+6%) ^1 = $37,100
Now we can use PV of an Annuity formula to calculate the monthly payment of car loan
PV = PMT * [1-(1+i) ^-n)]/i
Where PV = $37,100
PMT = Monthly payment =?
n = N = number of payments = 60 months
i = I/Y = interest rate per year = 6%, therefore monthly interest rate is 6%/12 = 0.5% per month
Therefore,
$37,100 = PMT* [1- (1+0.005)^-60]/0.005
PMT = $37,100/51.72
= $717.38
Therefore correct answer is option A. $717.38
Answer:
currently there will be no benifits because of the Corona Virus because the stock market is crashing.
