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2 years ago

How much do child life specialists make a month :) just asking... for a friend

1 answer:

7 0

Uhh like any other job it varies but uhh on average I’d say about $50,000 a year. But it ranges from 15,000 to 120,000. And the average hourly pay is like $16-$25 and hour.

Hope this helps!

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A sum of K3,000 is borrowed for 2 years at the reducing balance interest rate of 12% p.a. compounded every two-monthly.

kobusy [5.1K]

a) The full loan repayment schedule for the two years is as follows:

<h3>Loan Repayment Schedule:</h3>

Period PV PMT Interest FV

1 $3,000.00 $283.68 $60.00 $2,776.32

2 $2,776.32 $283.68 $55.53 $2,548.17

3 $2,548.17 $283.68 $50.96 $2,315.45

4 $2,315.45 $283.68 $46.31 $2,078.08

5 $2,078.08 $283.68 $41.56 $1,835.97

6 $1,835.97 $283.68 $36.72 $1,589.01

Year #1 end

7 $1,589.01 $283.68 $31.78 $1,337.11

8 $1,337.11 $283.68 $26.74 $1,080.17

9 $1,080.17 $283.68 $21.60 $818.10

10 $818.10 $283.68 $16.36 $550.78

11 $550.78 $283.68 $11.02 $278.12

12 $278.12 $283.68 $5.56 $0.00

Year #2 end

b) The balance of the loan at the end of the seventh repayment period is <u>$1,337.11</u>.

c) The total interest paid for this loan is <u>$404.16</u>.

d) If the borrower decides to terminate the loan after the first year, the termination payment should be <u>$1,589.01</u>.

<h3>Data and Calculations:</h3>

N (# of periods) = 12 months (2 x 6)

I/Y (Interest per year) = 12%

PV (Present Value) = K3000

FV (Future Value) = K0

<u>Results</u>:

PMT every two months = $283.68

Sum of all periodic payments = $3,404.16 ($283.68 x 12)

Total Interest = $404.16

Learn more about loan repayment schedules at brainly.com/question/24576997

#SPJ1

4 0

1 year ago

The number of days' sales in inventory is calculated as __________ divided by __________.

Irina18 [472]

A. Average inventory; average daily cost of goods sold

8 0

3 years ago

Read 2 more answers

Features, Advantages and disadvantages free market economy?

Tems11 [23]

Answer:

Advantage: Absence of Red Tape.

Advantage: Freedom to Innovate.

Advantage: Customers Drive Choices.

Disadvantage: Limited Product Ranges.

Disadvantage: Dangers of Profit Motive.

Disadvantage: Market Failures

Explanation:

hope it helped some :)

6 0

3 years ago

Identify and explainthe benefits and problems associated with high economic growth

frozen [14]

Answer:

Kindly check explanation

Explanation:

High economic growth is usually the aim of several economic policies whichnmost countries try to employ. The reason for this is no other than the numerous benefits attached to it which includes;

Increase in GDP : With growth in the economy of a country, trading within and outside these countries will rise, leading to increase in revenue earned and hence, the gross domestic product. This will pave the way for :

Infrastructural development : The development of infrastructure and standard society will be on the horizon as the economy grows. There is enough capital to embark on infrastructural development which will serve the populees

Other benefits include ; Trade and investment opportunities ; Increase in foreign direct investment and employment level will increase.

High economic growth also has it's drawbacks which include ;

Higj Immigration level ; Businesses and individuals are always on the lookout for areas with good investment opportunity in which an high income society is usually a main target. With increasing immigration, overcrowding may result.

Also, Investment cost may begin to rise, coupled with increase in foreign investment influx, the local market may be at risk of being able to compete.

5 0

3 years ago

You have found an asset with 12.60 percent arithmetic average return and a 10.24 percent geometric return. Your observation peri

adoni [48]

Solution:

In years Best estimate of return Working note

5 12.36% ((5-1)/(40-1)*0.1024)+((40-5)/(40-1)*0.126)

10 12.06% ((10-1)/(40-1)*0.1024)+((40-10)/(40-1)*0.126)

20 11.45% ((20-1)/(40-1)*0.1024)+((40-20)/(40-1)*0.126)

The formula for the return on assets is calculated by dividing the net income by the total average assets. The profit margin and total asset sales can also be represented as a consequence of this ratio. For the calculation of the total asset return, either formula may be used.

7 0

3 years ago