Answer:
The principal balance is $99,722.23
Explanation:
For computing the principal balance, we need the following calculation which is shown below:
1. First we have to compute the 1 month interest payment which equals to
= Note amount × rate × 1 month ÷ total months in a year
= $100,000 × 7.5% × 1 ÷ 12
= $625
2. Now deduct the first month interest from installment amount which equals to
= Installment amount - Interest amount
= $902.77 - $625
= $277.77
3. Now subtract step 2 amount from notes amount which equals to
= Notes amount - principal amount
= $100,000 - $277.77
= $99,722.23
Hence, the principal balance is $99,722.23
Answer: The credit card number is stored in his short memory.
Explanation:
Oliver stored the 16-digits number in his short memory, this short term memory is limited in duration and capacity. Short term memories as the name implies don't last and can easily be forgotten.
Answer:
Deal, and the best option is to pay the same amount at the end of the academic year.
The reason for this is that if you have that amount in an interest bearing account, the money will earn interest, meaning that after paying the tuition at the end of the year, you will have the interest earned for yourself.
In other words, the present value of your money is the full value of your tuition, while the future value of your money is the value of the tuition plus the interest earned.
Besides, because the time value of money decreases as time passes, the amount you pay in tuition will represent less of your total income at then end of the academic year, than at the beginning.
A location has 110 acres in total. 11 acres are constrained by a utility easement, while 17 acres are in a protected wetland region. The net useable area is 82.
The ability of a utility company to control and access a portion of another person's land that is close to utility facilities and structures is known as a utility easement (i.e. utility poles, transformers, overhead or underground electrical lines).
For the benefit of the neighborhood, utility providers can access private property through a designated area of land known as a utility easement. For instance, a utility provider may be permitted to cut a tree in your garden if it is blocking phone lines.
Net useable, without regard to columns or projections area is the total area of the Premises as determined by measuring from the inner surface of all exterior walls, windows, and doors to the midpoint of all internal demising walls, windows, and doors.
Utility easement information can be found at brainly.com/question/28146350
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Answer:
NPV = $23,146.99
Explanation:
The net present value is the present value of after tax cash flows from an investment less the amount invested.
The NPV can be calculated using a financial calculator:
Cash flow in year o = $- 130,000
Cash flow each year in year 1 and 2 = 0
Cash flow each year in year 3 to 12 = $34,000
I = 12%
NPV = $23,146.99
To find the NPV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you