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trapecia [35]
3 years ago
12

Nicole used her credit card to buy a $1,255 mattress. Her credit card has an APR of 11.56%, compounded monthly, and the mattress

was the only purchase on the card. Nicole paid off the mattress after two and a half years. If the sales tax in Nicole’s area is 9.08%, how much interest did Nicole pay in total? (Round all dollar values to the nearest cent.)
Business
2 answers:
-BARSIC- [3]3 years ago
8 0

Answer:

a.

$213.85

Explanation:

give thanks and rate

irina1246 [14]3 years ago
4 0

Answer:

a

$213.85

give thanls and rate

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A project is expected to produce cash flows of $48,000, $39,000, and $15,000 over the next three years, respectively. After thre
german

Answer:

$80,809.09

Explanation:

Present value of the cash flows = ∑(Cash flow × Present value factor)

Present value factor = (1 + r)⁻ⁿ

Here,

r is the discount rate = 15.25% = 0.1525

n is the year of cash flow

thus,

Year            n            Cash flow                PVF              Present value

Year 1          1          $48,000                0.86768            $41,648.59

Year 2         2          $39,000               0.75287            $29,361.80

Year 3         3          $15,000                 0.65325            $9,798.70

=============================================================

Present value of the project = $41,648.59 + $29,361.80 + $9,798.70

= $80,809.09

7 0
4 years ago
You are considering two insurance settlement offers. The first offer includes annual payments of $36,000, $42,000, and $50,000 o
Svetradugi [14.3K]

Answer:

The answer is: Today you could accept any lump sum ≥ $111,144.18

Explanation:

First we must calculate the present value of the three cash flows. We can do it manually or in an excel spreadsheet using the PV formula.

Using an excel spreadsheet the present value is $111,144.18

Today you could accept any lump sum ≥ $111,144.18

You can do this calculation manually also:

pv = [$36,000 / (1 + 7%)] + [$42,000 / (1 + 7%)²] + [$50,000 / (1 + 7%)³] = $111,114.18

5 0
4 years ago
Green Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There are 175 shows per year. N
Natasha2012 [34]

Answer:

Explanation:

hope this helps:)

7 0
3 years ago
In _____, managers evaluate how well the organization is accomplishing its goals. A. leadingB. planningC. organizingD. dissemina
Vlad1618 [11]

Answer:

Controlling

Explanation:

Controlling - As the word indicates, controlling is refers to the function of the manager in which he/she is seeking the performance of the subordinate. it helps to measure the growth of the project with respect to the assigned goal a then direct the corrective measure if an organisation is lacking in something.

the controlling process helps the manager to ensure the proper working of the ongoing project.

8 0
4 years ago
An economy has two workers, Smith and Ricardo. Each day they work, Smith can produce 4 computers or 16 smartphones, and Ricardo
iren2701 [21]

Answer:

Ricardo should specialize in the production of computer because it has a lower opportunity cost.

Smith should specialize in the production of smart phone because of the lower opportunity cost.

Explanation:

The opportunity cost for Smith to produce 1 computer is 4 smartphone(s).

1:4

The opportunity cost for Ricardo to produce 1 computer is 2 smartphone(s).

1:2

The opportunity cost for Smith to produce 1 smartphone is 1/4 of a computer(s).

1:1/4

The opportunity cost for Ricardo to produce 1 smartphone is 1/2of a computer(s).

1:1/2

Ricardo should specialize in the production of computer because it has a lower opportunity cost.

Smith should specialize in the production of smart phone because of the lower opportunity cost.

6 0
4 years ago
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