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ki77a [65]
3 years ago
15

A farmer needs to borrow $1,000. The local PCA will make a 2-year loan fully amortized at 10% (annual rate) with quarterly payme

nts. A $10 loan fee and stock purchase is required. The borrower stock requirement is the lesser of $1,000 or 2% of loan principal. Assume that sufficient money is borrowed to cover the $1,000, the fee and the stock requirement. Also assume that the stock requirement is returned to borrower when the loan is paid off and the last debt payment can be reduced by the stock amount. How much money needs to be borrowed
Business
1 answer:
yarga [219]3 years ago
8 0

Answer:

the  amount required to be borrowed is $1,030.60

Explanation:

The computation of the amount required to be borrowed is given below:

= (Sufficient money + loan fee) ÷ (1 - given percentage)

= ($1,000 + $10) ÷(1 - 0.02)

= $1,030.60

Hence, the  amount required to be borrowed is $1,030.60

We simply applied the above formula so that the correct value could comes and the same should be relevant

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A university is struggling financially, and has just formed a board of trustees and invited 25 of its wealthiest alumni to join
Pani-rosa [81]

The process adopted by the university in inviting its wealthiest alumni to join the board is an example of Co-optation.

<h3>What is Co-optation?</h3>

In business term, the term "Co-optation" is a process adopted by a firm by acculturating a smaller group with related interests because they will gain some values collectively therein.

In conclusion, the process that is adopted by the university in inviting its wealthiest alumni to join the board is an example of Co-optation.

Read more about Co-optation

<em>brainly.com/question/7715001</em>

3 0
3 years ago
Sean was recently added to the marketing team at Axon International. He will be starting at the company in two weeks. Sean has h
Sergio [31]

Answer:

Lone wolf.

Explanation:

A lone wolf is someone that works and exists independently rather than with others as a member of a team. Is typically introverted, self-motivated, and is extremely focused on completing her/his own tasks.They have a strong preference for independence and doing most things on their own. Loners or “hermits” have a reputation of being biased. As a rule, they are not entrusted with large, profitable projects. At least not often.

By contrast, the latter case is a team player who needs the interaction of others to assist their own personal performance.

6 0
3 years ago
A bakery would be willing to supply 500 bagels per day at a price of $0.50 each. At a price of $0.80, the bakery would be willin
son4ous [18]

Answer:

1.63

Explanation:

The computation of the pricing elasticity of supply using the midpoint method is shown below:

= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)  

where,  

Change in quantity supplied would be

= Q2 - Q1

= 1,100 - 500

= 600

And, the average of quantity supplied is

= (1,100 + 500) ÷ 2

= 800

Change in price would be

= P2 - P1

= $0.80 - $0.50

= $0.30

And, average of price would be

= ($0.80 + $0.50) ÷ 2

= 0.65

So, after solving this, the price elasticity of supply is 1.63

6 0
4 years ago
Which type of investment would be an example of an investment at point B? a US savings bond a CD a stock a savings account
RSB [31]

Assuming both graphs increase from point A to both B, the asset class that has highest risk and typically highest return is "a stock".


US bonds have the lowest (and often benchmarked) rates of return and risk, stocks the highest, and CD's, bonds, and savings accounts in the middle.


Hope this helps

3 0
3 years ago
Read 2 more answers
Subjects in group a are paid $1 for engaging in a dull task. subjects in group b are paid $20 for the same task. which theory wo
Sergio [31]
20$ subjects have enjoyed the task more
3 0
3 years ago
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