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Jet001 [13]
3 years ago
15

Lang Warehouses borrowed $178,960 from a bank and signed a note requiring 8 annual payments of $28,819 beginning one year from t

he date of the agreement. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Determine the interest rate implicit in this agreement. (
Business
1 answer:
yan [13]3 years ago
4 0

Answer: 6%

Explanation:

The annual payments can be considered to be annuity payments as they are constant. The amount borrowed can be considered the present value of the annuity.

Present value of annuity = Annuity * Present value interest factor of annuity, 8 years, %?

178,960 = 28,819 * Annuity factor

Annuity factor = 178,960 / 28,819

= 6.20979

To find out the interest rate, look at the Present Value of Annuity table and go to the 8 period column. Look for 6.20979. The interest rate that intersects with this factor is the interest rate implicit in this agreement.

That rate is 6%.

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Mr. Lui has just finished his lesson on catharsis in his English literature class. He assigns students homework that entails res
Minchanka [31]

Answer:

Checking for students' understanding of a concept by asking them to apply the concept to other contexts.

Explanation:

Concept formation is an inductive teaching technique that enhance discovery learning and helps to get clear understanding of a concept in pupils by using psychological processes such as observation, analysis, hypothesis, generation and testing a small set of the concepts.

Mr. Lui utilized the strategy of checking for students' understanding of a concept by asking them to apply the concept to other contexts in his homework assignment.

4 0
3 years ago
Market segment profiles are used to describe _____________ members of a market segment, and to explain ______________members in
irga5000 [103]

Market segment profiles are used to describe the similarities among potential members of a market segment, and explain the differences among members in different market segments.

<h3>What is Market segment profiles?</h3>

The process of segmenting a market of potential customers into smaller, more focused groups based on shared traits like demographics, interests, needs, or location.

There are four primary categories of market segmentation-

  • demographic.
  • Psychographic.
  • Geographic.
  • Behavioral.
<h3>What are the levels of market segmentation?</h3>

There are four levels of market segmentation-

  • Mass Marketing.
  • Segment Marketing.
  • Niche Marketing.
  • Micro Marketing.

Learn more about Market segment profiles brainly.com/question/9016551

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7 0
2 years ago
Identify one way in which setting a goal can help a person budget<br> more effectively.
Bond [772]
Like I’m going to increase my production by 100%
5 0
3 years ago
Suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon.
Rina8888 [55]

Answer:

Price ceiling binding

price floor binding

Price floor binding

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

The maximum price ($2.50) is less than the equilibrium price($3) . So it is a binding price ceiling

The minimum price ($3.40) is greater than the equilibrium price($3) . So it is a binding price floor

4 0
3 years ago
A large corporation suffers from the​ principal-agent problem when​ its:
amm1812
<span>The correct answer is d. management does not own a large share of firm stock and pursues its own interests rather than those of shareholders.When management pursues its own interests, there is a conflict with the interest of the shareholders who hired the management in the first place.</span>
7 0
3 years ago
Read 2 more answers
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