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2 years ago

How did the extra, one-time payment of $100 affect the total interest Janet pays on the loan?

1 answer:

7 0

Amortization simply means the practice of spreading the cost of an intangible asset over the useful life of the asset.

Your question is incomplete as you didn't provide the amortization table. Therefore, an overview of amortization will be given.

It should be noted that amortization is usually expensed on a straight-line basis. In such a case, the same amount will be expensed for every period over the life of the asset.

For example let's assume that Janet borrows $2000 at 4% for 2 years. The interest that will be paid will be:

= $2000 × 4% × 2

= $2000 × 0.04 × 2

= $160

The interest here is $160. Based on the question, since $100 has been paid, it should lead to a lower interest that will be paid on the loan.

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Answer:

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Explanation:

First, we discount the payment at the end of the lease

$\frac{Maturity}{(1 + rate)^{time} } = PV$

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Now we subtract form the 620,000 to know the amount to be perceived form the lease payment:

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Now we solve the PMT which makes the annuity-due of 5 payment at the beginning of the period:

$PV \div \frac{1-(1+r)^{-time} }{rate} (1+r)= C\\$

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C $ 113,751.173

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2 years ago

A company had the following partial list of account balances at year-end: Sales Returns and Allowances $ 1,000 Accounts Receivab

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2 years ago

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3 years ago

At a price of $0.50, how many more or fewer cups of lemonade do caroline and emily sell when the temperature is 60 degrees than

djverab [1.8K]

At a price of $0.50, the amount of cups of lemonade that Caroline and Emily sell when the temperature is 60 degrees than when the temperature is 80 degrees is -15.

50 - 80 = -30

= -30 * 0.5

= - 15

<h3>How does one arrive at the answer?</h3>

This is an instance of demand curve shift which refers to key changes in the balance of supply and demand that alter the quantity demanded at the same price. Hence, the shift in the quantity demanded will affect the amount of cups of lemonade that is sold.

Sometimes questions that involve graphs will ask you to consider the effect of a changing factor or factors. Problem statement: the line labeled D1 in the graph to the right shows the number of cups of lemonade that Caroline and Emily can sell at their lemonade stand at various prices.

Caroline and Emily have noticed that they sell more lemonade when it's hotter. Click anywhere on the graph to open a window with a control labeled Temperature. If you use the slider to change the temperature, the line will shift. Change the temperature from 80 degrees to 50 degrees.

At a price of $0.50, the amount of cups of lemonade that Caroline and Emily sell when the temperature is 60 degrees than when the temperature is 80 degrees is -15.

Therefore, the correct answer is as given above

learn more about demand curve: brainly.com/question/16790743

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1 year ago