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dezoksy [38]
3 years ago
6

BUS 320 Cal Lury owes $21,000 now. A lender will carry the debt for five more years at 6 percent interest. That is, in this part

icular case, the amount owed will go up by 6 percent per year for five years. The lender then will require that Cal pay off the loan over the next 13 years at 9 percent interest. What will his annual payment be
Business
1 answer:
Ipatiy [6.2K]3 years ago
4 0

Answer:

$3,753.59

Explanation:

Value of debt at end of 5 years = $21,000 * (1 + 6%)^5

Value of debt at end of 5 years = $21,000 * 1.3382255776

Value of debt at end of 5 years = $28102.7371296

Value of debt at end of 5 years = $28,102.74

Let x be the annual payments:

x*[1 - (1 + 9%)^-13] / 9% = $28,102.74

x * [1-0.32617864688] / 0.09 = $28,102.74

x * 7.486904 = $28,102.74

x = $28,102.74 / 7.486904

x = 3753.58626

x = $3,753.59

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Answer:

(q2 - q1)

Explanation:

I have uploaded the picture the question refers to below.

We can see that under a price ceiling of $0, the quantity of kidneys supplied is Q1, and if the price ceiling is removed, and the market is allowed to reach equilibrium, the new quantity of kidneys supplied is Q2, so the increase in the supply of transplanted kidneys can be found by the formula (q2 - q1)

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2 years ago
Reasons for consumers to prefer one product over another to satisfy the same need
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Answer:

1. Customer Satisfaction.

2. Quality of the Product.

3. Price.

4. Taste & Preferences.

5. Brand Image.

6. Brand Reputation.

7. Brand's Goodwill among the customers.

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1 year ago
For long-term positive relations, the goal of negotiation should most likely be to ________. a) establish a clear line of commun
slava [35]

Answer:

The correct answer is c) reach a settlement that benefits all parties.

Explanation:

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6 0
3 years ago
The chapter's "Continuity and Change" section mentions religious societies that advocated a return to strict and uncompromising
pogonyaev

Answer:

The Jesuits.

Explanation:

The Jesuits are a member of the Society of Jesus, a Roman Catholic order of priests founded by St. Ignatius Loyola, St. Francis Xavier, among others in 1534, to do missionary work. The order was opposed the Reformation. It has retained an important influence in Catholic thought and education, even though it has suffered periodic persecution.

The basic continuity in any human endeavor is found in the goals that it pursues, and in how we cope with the intentions of pursuing them. A society or a profession is recognizably one and the same throughout a long history because its pursuit of a goal is always the same. These goals may be looked at from two points of view, abstract values or as concrete embodiments of those values. The kind of change that we are experiencing today and the sort of adaptation that we are making seem to fall largely into the most profound kind of adaptation, both in the Church and in the Society of Jesus.

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3 years ago
Aliyah purchased Verizon Communications stock in April 2015 for $48.90 per share. She sold the stock one-year later for $54.01 p
soldier1979 [14.2K]

Answer:

Capital Gains Yield = 10.45%

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The capitals gain yield represents the percentage appreciation or increase in the value of an investment. It is simply calculated by calculating the increase in the value of an investment or stock/bond and divide it by its initial cost.

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Where,

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Thus CG Yield = (54.01 - 48.9) / 48.9 = 0.10449 pr 10.449%

5 0
2 years ago
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