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
How technological change affect retail business industry?
Vikki [24]
Shopping in store can now be faster and more convenient through frictionless checkout experiences and automated stores, items can be delivered faster and cheaper through microfulfillment centers and the quality of customer experiences can be improved through robotics and immersive experiences.
3 0
2 years ago
What is an insurance premium?
Scilla [17]

Answer:

Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.

Explanation:

a

5 0
3 years ago
Question 14 of 20
serg [7]

Answer:

OD. A person who goes to earn a college degree will have to pay the full costs of going to college

4 0
2 years ago
Marriott has branded its entire family of accommodations based on different value propositions, supported by clearly delineated
Nonamiya [84]

Answer:

Price lining

Explanation:

Price lining is defines as the pricing strategy where related products are sold at different prices to customers.

Usually the price difference depends on the level of quality of the products.

For example a beverage company with different drinks having various flavours will have a different price for each one.

In the given scenario price lining is occurring at a larger scale when Marriott branded its entire family of accommodations based on different value propositions.

These include Ritz-Carlton and JW Marriott for the most discriminating patron, Marriott and Renaissance at the next level of full service, and an array of differentially positioned brands such Courtyard and Residence Inn.

4 0
3 years ago
Primo Industries collected $105,000 from customers in 2019. Of the amount collected, $25,000 was for services performed in 2018.
bearhunter [10]

Answer:

a. $33,000.

b. $36,000.

Explanation:

Net income is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is also called net earnings.

Now, Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it's earned, and expenses when they're billed (but not paid).

a. 2014 Cash-basis net income:

Primo Industries collected $105,000 from customers in 2019

Primo Industries also paid $72,000 for expenses in 2019

=105,000-72,000

=$33,000

b. 2014 accrual-basis net income.

=(105,000-25000+40000)-(72000-30000+42000)

=120000-84000

=$36,000

5 0
3 years ago
Other questions:
  • Jones Retail. had the following balances and transactions during 2017:
    7·1 answer
  • Suppose over the last year that the price of recycled aluminum increased from $800 a ton to $900 a ton. over the same time a mea
    14·1 answer
  • According to the Zippo standard, websites that provide information but do not provide the opportunity to conduct online transact
    5·1 answer
  • Using a 14% cost of capital, calculate the net present value for each of the independent projects shown in the following table,
    13·1 answer
  • The two most widely used methods for determining the cost of inventory are
    11·1 answer
  • Welfare analysis: Basic conceptsIdentify whether each of the following statements best illustrates the concept of consumer surpl
    9·1 answer
  • A property is sold for $350,000. The buyer has paid $12,000 as earnest money and is obtaining a 70% loan. Based on the informati
    6·1 answer
  • Economists use the word marginal to mean an extra or additional benefit or cost of a decision. An optimal decision occurs when _
    12·1 answer
  • April has joined a team with members from the sales, customer services, and shipping and receiving departments. which term best
    11·2 answers
  • Firms will generally make-to-order when
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!