3 years ago

McDonald's is a major company in the restaurant business

Business

1 answer:

ankoles [38]3 years ago

6 0

If the question is tru or false then true

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Several years ago, the City of Russell issued $7 million of 6 percent serial bonds at 101. Principal payments of $350,000 are du

Sphinxa [80]

Answer:

the interest payable is $210,000

Explanation:

The computation of the interest payable is shown below:

= Principal payments × rate of interest × no of months ÷ total no of months × time period

= $350,000 × 6% × 6 months ÷ 12 month × 20years

= $210,000

hence, the interest payable is $210,000

The same should be considered and relevant

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3 years ago

Which document gives Congress the power to lay and collect taxes?

jarptica [38.1K]

The constitution is the correct answer

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3 years ago

Which spreadsheet function is used to conduct a logical test to see if the conditions of a given expression can be met? A. Round

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D.IF Function (APEX VERIFIED)

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What type of control focuses on measuring a company’s products territories, customer groups, segments, trade channels, and order

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The right answer for the question that is being asked and shown above is that: "Activity." The type of control focuses on measuring a company’s products territories, customer groups, segments, trade channels, and order sizes to help expand or eliminate any products or marketing activities is called the <span>Activity </span>

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3 years ago

You are planning to buy 2019 MINI Cooper on a loan. Price of the car is $26,000. You are planning to make monthly payments for t

Sergeu [11.5K]

Answer:

$1,223.91

Explanation:

As per the concept of time value of money, the value of money today is more than the value of money tomorrow.

Given:

Price of car = $26,000

Interest rate 12%, compounded monthly

Tenure = 2 years

Now, Price of the car is the value of money today to purchase the car. So, while computing the monthly payment for car $26,000 will be considered as present value.

Monthly payment for car can be computed easily using Microsoft excel.

Use the following mentioned formula to calculate the monthly payment.

"=PMT(rate,nper,pv,[fv])"

wherein,

Rate = 12%/2 (because it has been compounded monthly)

nper = 2*12 (because 2 years are to be compounded monthly.)

Pv = $26,000 (as mentioned earlier)

Since, there is no Fv so it blank.

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3 years ago