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ratelena [41]
3 years ago
11

You have graduated from college but unfortunately have $39,000 in outstanding loans. The loans require payments of $3,435 per ye

ar, which covers interest and principal repayment (that is, the loan has the same basic features as a mortgage). If the interest rate is 4 percent, how long will it take you to repay the debt
Business
1 answer:
vladimir1956 [14]3 years ago
3 0

Answer:

15.44 years

Explanation:

Using both excel rate function and financial calculator, the time taken to repay the debt can be computed thus:

Excel rate function:

=nper(rate,pmt,-pv,fv)

rate= interest rate=4%

pmt=yearly payment=c

pv=loan oustanding=-39000

fv=the balance after all payments should be zero=0

=nper(4%,3435,-39000,0)= 15.44 years

Financial calculate

PMT= 3435

RATE=4

PV=-39000

FV=0

CPT N=15.44 years

This means a payment of $3,435 per year for 15 years  and $ 1,511.40  ($3,435*0.44) in the sixteenth year

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At December 31, 2019, Bramble Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,506
ale4655 [162]

Answer:

The earnings per share for Bramble in 2020 is $2.99

Explanation:

This was arrived at by preparing income statement for 2020,where in the results from continued operations and discontinued were shown.

The income from continued operations attracted tax at 35% while the losses from the discontinued operations got a tax benefit at the same 35% tax rate.

Note that the earnings used in calculating earnings per share is net of preferred dividends as only earnings  attributable to ordinary shareholders are considered.

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5 0
3 years ago
What are four common types of changes and trends that can offer business opportunities?
Artyom0805 [142]
Some of the changes that may pose a great opportunity for business are: (1) change in the demands of the consumers (it may be in style, taste, etc) (2) rapid technology, (3) global banking opportunities, and lastly (4) government enhancing ties with the private owners of different business units. 
8 0
3 years ago
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Suppose american winemakers convince the federal government to issue a directive to serve only domestically produced wine at gov
Sever21 [200]

Answer:

B) rent seeking behavior

Explanation:

Rent seeking behavior refers to actions carried out by businesses that try to seek benefits through government policies. In other words, the businesses will try to make the government give them some type of special treatment or special benefit at the expense of the general population.

In this case, the American winemakers were able to convince government officials to only serve domestic wine at government events. The problem is that the general population (taxpayers) are the ones that pay for that wine. American winemakers will benefit at the expense of the taxpayers.

4 0
4 years ago
The town of Conway opened a solid waste landfill several years ago that is now filled to capacity. The city initially anticipate
natulia [17]

Answer:

Option D

Landfill Closure Liability  2,000,000

Cash  2 ,000,000

Explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
4 0
3 years ago
According to Porter, which of the following factor endowments would be classified as an advanced factor?
spin [16.1K]

Answer:

Skilled labor is an advanced factor endowment

Explanation:

According to porter's diamond about national advantage, the potential of factor endowments is increased by four factors that increases the nation advantage, these factors are: factors condition; firm structure, strategy and rivarly; demand condition; related and supporting industries.

Every factor leads changes on the national advantage, as an example, demand conditions because when the market conditions are more demanding the nation is willing to be more competitive, it pursues a best development on products and specialized labor skills.

6 0
3 years ago
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