Answer:
The loan balance at the end of 3 years is $11,626.26.
Explanation:
Prepare an Amortization Table to determine the loan balance at end of year 3
First, enter the following data in Financial Calculator to find the PMT, payment per month:
Pv = $21,000
r = 7.2%
n = 6 × 12 = 72
P/yr = 12
Fv = $0
PMT = ? - $360.0493
Thus the payment PMT per month is $360.0493.
Year 3
The following are balances extracted from Amortization schedule for Year 3.
Note : 36 months would have expired at end of year 3.
Principle = $ 3,619.94
Interest = $1,060.70
Balance = $11,626.26
Conclusion :
The loan balance at the end of 3 years is $11,626.26
Answer: Spokesperson Role.
Explanation:
Janet in her media announcement about the company acquisition of another company has served as the spokesperson of the organization in that situation. A spokesperson is an individual that relates the activities of an organization to the public.
Answer:
The correct answer is equity markets.
Explanation:
The <u>equity markets</u> are quite dynamic in terms of processing trades and incorporating information in prices and thus are considered very efficient markets.
The efficient market hypothesis (EMH) is a theory in finance and economics which suggests that the stock market or equity market is all knowing and therefore, the price is always right. Equity markets are considered as the meeting points for buyers and issuers of stocks. Equity markets use most effective trade instruments and thus are considered very efficient markets. Market efficiency refers to the degree of transparency of all available and relevant information in a stock market.
Answer:
The maximum to be paid= $84,260.023
Explanation:
<em>The maximum amount to be paid is the present value of the series of annual cash inflow discounted at the opportunity cost rate of 4% per annum.</em>
<em>This is given in the relationship below:</em>
PV = A ×( 1- (1+r)^(-n))/r )
A- annual amount receivable- 6,200. r-rate of return - 4%, n-number of years- 20
PV = 6,200 × ( 1 - (1+0.04)^(-20)/0.04)
= 6,200 × 13.5903
= $84,260.023
The maximum to be paid= $84,260.023
Answer: B - City administrator
Explanation: took the plato test