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
Ber [7]
3 years ago
12

a famous quarterback just signed a $18.0 million contract providing $3.6 million a year for 5 years. A less famous receiver sign

ed a $17.0 million 5-year contract providing $4 million now and $2.6 million a year for 5 years. The interest rate is 10%
Business
1 answer:
Elina [12.6K]3 years ago
7 0
Plz take a pic for me to andwer
You might be interested in
George bought a car for $26,500. he made no down-payment and financed the entire amount on a 5-year term with a monthly payment
pentagon [3]
Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695

Question: Find interest rate

Solution:
Unless there is a table available, there is no explicit formula to calculate interest.  However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.

A=\frac{P(i*(1+i)^{n})}{(1+i)^{n}-1}
Substituting 
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months
A=\frac{26500(i*(1+i)^{60})}{(1+i)^{60}-1}
Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02  (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
....
Eventually we get the value to stabilize at i=0.016265, or
Monthly interest = 1.6265% (to four decimal places)


4 0
3 years ago
Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized b
Alinara [238K]

Answer:

a. $612

b. $2,480

Explanation:

a. Overhead is applied at a rate of $12 per direct labor hour.

Overhead applied would therefore be;

= 12 * total labor hours

= 12 * 51

= $612

b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead

= 978 + 890 + 612

= $2,480

5 0
3 years ago
Streetlore, a footwear manufacturing company, makes business and casual
bulgar [2K]
It has to be the product chain
4 0
3 years ago
PLZZZZZ HEELLPP FASST
Nonamiya [84]
One of the main reasons that stocks do not reflect the health of the economy most of us experience is the rise of stock buybacks. Companies often push stocks higher, partly and arguably, to raise the value of the stock options of their management by buying them on the open market.

HOPE THIS HELPS
6 0
3 years ago
Completed Per Day
Ratling [72]

Answer:

The correct option is A, Samantha weed and Adam will rake because these are the goods each has a comparative advantage in.

Explanation:

The opportunity formula comes handy in this case, which is given below:

opportunity cost formula=what one sacrifices/what one gains

If Samantha were to weed flower beds, opportunity cost is computed thus:

Opportunity cost of Samantha weeding flower beds=8/4= 2 bags of leaves raked

The opportunity of Adam weeding flower beds=25/5 =5 bags of leaves raked.

In a nutshell ,if Samantha weeds flowers they would lose 2 bags of leaves raked while if Adam were to do so same, they would lose 5 bags of leaves raked, conclusively Samantha should weed flower beds since she has lower opportunity, higher comparative advantage

4 0
3 years ago
Other questions:
  • Which activity is not allowed in a 3 compartment sink
    7·2 answers
  • Luci has worked as a customer service representative for two years. She believes that this job has improved her ability to cope
    15·1 answer
  • A manufacturer of ice creams introduces a new mint and lime flavored ice cream. According to the product/market matrix, the amou
    5·1 answer
  • Capital One is advertising a 60-month, 5.99% APR motorcycle loan. If you need to borrow$8000 to purchase your dream Harley David
    9·1 answer
  • EBay A. is a market because buyers and sellers are brought together to buy and sell. B. cannot function as a market. C. would be
    13·1 answer
  • A sales associate has a house listed at $200,000. It's overpriced and he feels it has only a 70% chance of selling in the origin
    9·1 answer
  • If the federal reserve lowers the federal funds rate, what will happen to bank savings account?
    10·1 answer
  • Deciding on the best means of transportation depends on ____.
    6·2 answers
  • Which of the following phrases best describes O*NET?
    5·1 answer
  • What features should you present when demonstrating 2023 murano’s confident cornering?.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!