1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elden [556K]
3 years ago
5

This morning, you borrowed $12,700 at an APR of 6.9 percent. If you repay the loan in one lump sum four years from today, how mu

ch will you have to repay
Business
1 answer:
Stolb23 [73]3 years ago
4 0

Answer:

In Four years i will be paying $16,585.

Explanation:

In this question apply the time value of money techniques.The amount to be paid after 4 years is known as the Future Value and is determined by setting the parameters as follows:

Pv = $12,700

i = 6.9%

Pmnt = $0

N = 4

Fv = ?

Using a Financial Calculator, the Fv (Future Value) will be $16,585

Conclusion :

In Four years i will be paying $16,585.

You might be interested in
CMN Inc. uses LIFO and has experienced increasing costs since its founding. CMN disclosed that the LIFO reserve (also known as t
Neporo4naja [7]

Answer:

$20 million

Explanation:

The computation of the ending inventory if FIFO is used

= LIFO reserve + Ending inventory based on LIFO inventory

= $3 million + $17 million

= $20 million

We simply added the LIFO reserve and LIFO ending inventory so that FIFO ending inventory can be computed. Hence, we take all the items for the computation part.

7 0
4 years ago
Ski resorts are interested in the mean age that children take their first ski and snowboard lessons. They need this information
Setler79 [48]

Answer:

The answer is B: The population is all of the children taking skiing or snowboarding lessons

Explanation:

The population of a group is usually a group having something in common. For a research study, the population is always a large collection of people with a feature. From the population, the sample is selected. For example, all patients with mental disorder in a hospital can be the population, while patient with schizophrenia would be the sample. Thus in the example above, the population is all of the children taking skiing or snowboarding lessons.

3 0
3 years ago
The return on a 10 percent coupon bond that initially sells for $1,000 and sells for $900 one year later is?
Alexandra [31]
The t hide chi hgg ugh Hugh gf soft
5 0
4 years ago
Assume a certain firm regards the number of workers it employs as variable but regards the size of its factory as fixed. This as
Wittaler [7]

Answer: a. in the short run but not in the long run

Explanation:

The Short Run is usually considered in Economics/ Business as a point in time where at least ONE factor of production is FIXED. This factor is usually the Factory because it is hard to change the capacity of a Factory in the Short run. For instance a wing might need to be constructed. Labour on the other hand is considered variable in the Short run though because more people can be hired and the people already hired can put in more overtime.

The Long Run is classified as a point where EVERY factor of production is Variable. There is enough time to even change the capacity of a Factory. So here even Factory is Variable.

5 0
3 years ago
Discriminatory practices that are deeply embedded in institutions such as education, health care, business, and criminal justice
Taya2010 [7]

An institutional discrimination is the discrimination that occurred in institutions such as education, health care, business and criminal justice.

<h3>What is an institutional discrimination?</h3>

This refers to a prejudicial practices within an institutions that often result in the systematic denial of resources or opportunities to the members.

Hence, it is the type of discrimination that often occurred in institutions such as education, health care, business and criminal justice.

Read more about institutional discrimination

<em>brainly.com/question/2241302</em>

#SPJ1

3 0
2 years ago
Other questions:
  • From papyrus, the _______ made a type of paper. assyrians babylonians egyptians sumerians
    13·1 answer
  • Chris was the business manager for a real estate firm earning an annual salary of $40,000. Then Chris decided to become a consul
    14·1 answer
  • The process whereby new technologies, discoveries, and ideas are shared and spread from one person to another is called ________
    11·1 answer
  • Here I am again but am really in the mood;) Easy question: What hobby do you have?
    6·2 answers
  • Pitch, volume, rate, quality, articulation and other attributes are known as ____
    10·1 answer
  • average cost retail method to estimate inventories. Data for the first six months of 2021 include: beginning inventory at cost a
    7·1 answer
  • The availability of the product processed, prepared, in proper condition, and/or ready to use is referred to as:
    11·1 answer
  • Kevin promises to pay Macarena, his daughter, $5,000 if she obtains her degree at Brookdale community College, where she is curr
    11·1 answer
  • Management decisions typically lack structure. are always free of risks. are made under conditions of perfect certainty. are con
    12·1 answer
  • A manager is assessing whether a business decision is ethical. She believes that if the benefits of a choice exceed the costs, t
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!