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
kkurt [141]
3 years ago
9

A bank is negotiating a loan. The loan can either be paid off as a lump sum of $100,000 at the end of five years, or as equal an

nual payments at the end of each of the next five years. If the interest rate on the loan is 10%, what annual payments should be made so that both forms of payment are equivalent
Business
1 answer:
Elina [12.6K]3 years ago
4 0

Answer:

$16,379.75

Explanation:

Calculation for the annual payments that should be made

Using financial calculator to find the PMT

FV = $100,000

Interest rate = 10%

N= 5 years

PMT?

Hence,

PMT = $16,379.75

Therefore the annual payments that should be made so that both forms of payment are equivalent will be $16,379.75

You might be interested in
Television is different from film in that
Dmitry_Shevchenko [17]

Answer: The correct answer is "all answers correct".

Explanation: The television contains images of lower quality than the films since the films are made individually with the aim of creating an experience of cinematographic entertainment totally different from that offered by television.

6 0
3 years ago
Kate and Bill secured a loan with a 75% loan-to-value ratio. The interest rate was 7.125% and the term was for 30 years. The fir
Volgvan

An appraised price is an evaluation of a property's fee-based totally on a given factor in time.

An appraised cost is an evaluation of a property's value based totally on a given factor in time. The evaluation is accomplished by means of a professional appraiser for the duration of the mortgage origination technique. The appraiser is normally selected by way of the lender but the appraisal is paid for by way of the borrower.

Actual property professional opinion is typically towards the idea of paying extra than a property's appraised price. Even if you make up the difference on below-appraised assets, you may have assets well worth much less than what you paid.

If buyers are few and far among whilst you list your house, there may be a hazard the marketplace cost may be lower than the appraised price. then again, in case you're seeing a ton of interest in your own home from a couple of consumers, you could discover that the marketplace value is better than the appraisal value.

Learn more about appraised value here: brainly.com/question/26080329

#SPJ4

4 0
1 year ago
Employees who have the ability to work well with others to get things done are said to have _____ skills.
lozanna [386]

Employees who have the ability to work well with others to get things done are said to have technical skills.

An employee is an employee hired by an employer to do a specific job. Employers control how employees are paid, when employees work, and how employees work. In return, employees receive benefits that contractors do not.

You should take care of your employees as much as you take care of your customers. If you trust and value your employees, they will be more committed to serving your customers well and ultimately contributing to your company in a great way.

An employer is an individual, firm, or organization that employs people and pays them wages for their work. A person who works and gets paid is called an employee.

Learn more about employees here:brainly.com/question/1190099
#SPJ4

7 0
1 year ago
Suppose that nominal GDP was $10000000.00 in 2005 in Orange County California. In 2015, nominal GDP was $12000000.00 in Orange C
amid [387]

Answer:

50%

Explanation:

Here is important to know that when we have the inflation rate (1,50% in this case) this indicator is enough to get the effect of the prices in an economy and get the nominal GDP affected by prices, so if the price level is 1,50% after the comma we have the average of the growth.

6 0
3 years ago
What does a boilermaker do?
Rus_ich [418]

Answer:

C) Assembles, installs, and repairs large containers that hold gases and liquids.

5 0
3 years ago
Other questions:
  • Why do government regulations lead to higher prices for consumers?
    15·1 answer
  • "Global Marketing refers to: Group of answer choices The evolution of Marketing as being more than the offering of a product. Th
    12·1 answer
  • How does a local water budget differ from the water budget of the whole earth?
    15·1 answer
  • The automobile industry in​ Rhizo, a small developing​ country, has a monopolistic market structure. Crimson​ Inc., the only pla
    6·1 answer
  • What is a deficit?
    6·2 answers
  • There are many factors that affect an organization. Which factor influences an organization’s structure?
    11·1 answer
  • Money, Inc., a calendar year S corporation in Denton, Texas, has two unrelated shareholders, each owning 50% of the stock. Each
    15·1 answer
  • Disadvantage of multiple chain store?​
    14·1 answer
  • Juan buys gas at the gas station. The gas station submits funds for road maintenance. What type of tax is this? (5 points)
    14·1 answer
  • quizlet uruguay was the first country in the world to legalize and regulate the production, supply, and recreational use of cann
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!