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nadya68 [22]
2 years ago
5

. Sam Rothstein wants to borrow $15,500 to be repaid in quarterly installments over five years at 16% compounded quarterly. How

much will his payment be
Business
1 answer:
Alborosie2 years ago
7 0

Answer:

$1,140.52 per Quarter

Explanation:

Loan Amount (P) = $15,500

Quarterly Interest Rate (n) = 4.00% [16.00% / 4]

Number of period (n) = 20 Periods [5 * 4]

Quarterly Loan Payment = [P * {r*(1+r)^n} ] / [(1+r)^n - 1]

= [$15,500 * {0.04 * (1+0.04)^20}] / [(1+0.04)^20 - 1]

= [$15,500 * {0.04 * 2.1911231}] / [2.1911231 - 1]

= [$15,500*0.0876449] / 1.1911231

= $1,358.50 / 1.1911231

= $1,140.52 per Quarter

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Answer:

The correct answer is normative analysis.

Explanation:

A positive analysis is the one that attempts to reflect reality with statements of cause and effect and is used mainly in microeconomics. On the other hand, a normative analysis, in which reality is prescribed, that is, we go beyond explanation and prediction, value judgments are used.

In contrast to the positive analysis, the normative analysis responds how the law should achieve efficiency objectives. This analysis assumes that efficiency is an objective that law should reflect and that legal norms should change when they fail. From this perspective, efficiency is a social value that the Law should promote.

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Find out more on factors leading to unemployment at brainly.com/question/305041.

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ycow [4]
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