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riadik2000 [5.3K]
3 years ago
5

The annual maintenance cost of a monument in the state capital is estimated to be $4850. A perpetual i fund of $100,000 is set u

p to pay for this maintenance expenditure. Determine the interest rate this fund earns if the interest is compounded quarterly
Business
1 answer:
zimovet [89]3 years ago
6 0

Answer:

4.76%

Explanation:

P[(1+i/4)^4 - 1] = A

$100,000*P[(1+i/4)^4 - 1] = $4,850

[(1+i/4)^4 - 1] = $4,850/$100,000

[(1+i/4)^4 - 1] = 0.0485

(1+i/4)^4 = 0.0485 + 1

(1+i/4)^4 = 1.0485

(1+i/4) = 1.0485^(1/4)

(1+i/4) = 1.01191

i/4 = 1.01191 - 1

i/4 = 0.01191

i = 0.01191*4

i = 0.04764

i = 4.76%

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3 years ago
On September 14, Jennifer Rick went to Park Bank to borrow $2,500 at 1134% interest. Jennifer plans to repay the loan on January
e-lub [12.9K]

Answer:

$2,608.65

Explanation:

The computation of the loan amount is shown below:

But before that first we have to determine the interest which is

= Principal × rate of interest × number of days ÷ total number of days in a year

= $2,500 × 11.75% × 135 days ÷ 365 days

= $108.65

The rate of interest given is 11 \frac{3}{4}

And, the 135 days is from Sept 14 to Jan 27

So, the total amount paid is

= $108.65 + $2,500

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6 0
4 years ago
SME Company has a debt-equity ratio of .60. Return on assets is 7.5 percent, and total equity is $486,000. a. What is the equity
polet [3.4K]

Answer:Equity multiplier=1.6

Explanation:

Debt equity ratio is given as  debt/equity , Therefore

Debt  = Debt equity ratio  X Equity

=0.60 x $486,000

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The  Total assets given as Liability(debt+equity)  will now be

=$291,600+$486,000

=$777,600.

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7 0
3 years ago
Difference between disposition and sentencing
Vladimir79 [104]
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3 years ago
The government of Concordia adopted expansionary fiscal policies in the last two years with the aim of increasing employment.​ H
yulyashka [42]

Answer:

The correct answer is letter "E": The government implemented a generous welfare plan 3 years ago to support people who cannot find work.

Explanation:

According to the excerpt, a government implemented fiscal policies to increase employment for the past two years but the rate has not risen since then. One of the reasons for such a situation could be <em>generous welfare support</em> implemented one year before the fiscal policy measures started.  

<em>If the benefits for the unemployed increase they will be discouraged to return to the labor force</em>. It implies the government should keep the welfare benefits at a level from where unemployed individuals can cover basic needs only but encourage them to find a job to be productive for the economy.

6 0
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