Your newest coworker is not as productive as other members on your team

You can afford a $1050 per month mortgage payment. You've found a 30 year loan at 8% interest.

Paladinen [302]

Answer:

loan can you afford = $143097.67

total money will you pay the loan company = $378000

interest amount = $234902.33

Explanation:

given data

principal = $1050 per month

time = 30 year = 30 × 12 = 360 months

interest rate = 8% = $\frac{0.08}{12}$ = 0.006667 monthly

solution

we get here first maximum amount of loan by present value of annuity as

present value of annuity = principal × $\frac{1-(1+rate)^{-t}}{rate}$ .........1

put here value we get

present value of annuity = 1050 × $\frac{1-(1+0.006667)^{-360}}{0.006667}$

present value of annuity = $143097.67

and

now we get total amount of money pay will be as

total amount of money pay = principal × time period

total amount of money pay = $1050 × 360

total amount of money pay = $378000

and

total amount of interest paid will be

interest amount = total amount paid - loan amount

interest amount = $378000 - $143097.67

interest amount = $234902.33

6 0

4 years ago

Determining asset cost, preparing depreciation schedules (3 methods), and identifying depreciation results that meet management

den301095 [7]

Answer:

total cost = $100,000 + $3,000 + $600 + $10,400 = $114,000

straight line depreciation expense = ($114,000 - $12,000) x 1/5 = $20,400

year depreciation expense book value

1 $20,400 $93,600

2 $20,400 $73,200

3 $20,400 $52,800

4 $20,400 $32,400

5 $20,400 $12,000

<u>RESULTS IN HIGHER INCOME DURING THE FIRST YEAR. </u>

<u />

units of production deprecation = ($114,000 - $12,000) / 136,000 = $0.75 per mile

year depreciation expense book value

1 $24,000 $90,000

2 $24,000 $66,000

3 $24,000 $42,000

4 $24,000 $18,000

5 $6,000 $12,000

double-declining-balance depreciation:

depreciation year 1 = $114,000 x 2/5 = $45,600

depreciation year 2 = $68,400 x 2/5 = $27,360

depreciation year 3 = $41,040 x 2/5 = $16,416

depreciation year 4 = $24,624 x 2/5 = $9,850

depreciation year 5 = $14,774 - $12,000 = $2,774

year depreciation expense book value

1 $45,600 $68,400

2 $27,360 $41,040

3 $16,416 $24,624

4 $9,850 $14,774

5 $2,774 $12,000

7 0

3 years ago

R. E. Lee recently took his company public through an initial public offering. He is expanding the business quickly to take adva

Ilia_Sergeevich [38]

Answer: $77.13

Explanation:

Based on the information given in the question, the current price of Lee's stock will be calculated thus:

First, the required rate of return will be:

= 8% + (1.5 × 6%) = 8% + 9% = 17%

Year 1:

Cash flow: 1.05

Present value: 0.90

Year 2:

Cash flow: 1.47

Present value: 1.07

Year 3:

Cash flow: 2.06

Present value: 1.28

Year 4:

Cash flow: 118.34

Present value: 73.88

The current price of Lee's stock will be:

= 0.90 + 1.07 + 1.28 + 73.88

= 77.13

The current price of Lee's stock is $77.13.

8 0

3 years ago

Effective collaboration requires a proactive and holistic strategy that integrates business goals and technology potential. T/F

Whitepunk [10]

Answer:

True

Explanation:

Collaboration in organizations requires a strategy capable of using all the resources availables to reach the goals provided by the strategic planning. In a globalized world these goals need to be manage with speed and effciency, here is were the technology displays all the real potential of organizations.

4 0

3 years ago

One of the main responsibilities employers have under OSHA is to

andreev551 [17]

Keep their employees safe and post safety rules

8 0

3 years ago