What is a trend in business
Niki makes the same payment every two months to pay off his $61,600 loan. The loan has an interest rate of 9. 84%, compounded every two months. If Niki pays off his loan after exactly eleven years, how much interest will he have paid in total? Round all dollar values to the nearest cent. A. $39,695. 48 b. $10,294. 26 c. $3,126. 29 d. $39,467. 12.
The total amount of interest paid by Niki is $39,695.48.
The loan is termed as the amount that is borrowed by the lender and is paid off back at some defined amount of interest.
Computation of amount of interest to be paid by Niki:
The given information is:
P is the periodic payment.
PV = $61,600
r = 0.0984
t = 6
n = 11 years
[tex]\begin{aligned}PV = \frac{P(1 - (1 +\frac{r}{t}^{nt}))}{\frac{r}{t}}\end{aligned}[/tex]
[tex]\begin{aligned}61600 =\frac{P(1 - (1 +\frac{0.0984}{6}^{11\times6})}{\frac{0.0984}{6}}\end{aligned}[/tex]
[tex]\begin{aligned}61600 =\frac{P(1 - (1 + 0.0164)^{66} )}{ 0.0164}\end{aligned}[/tex]
[tex]61600\times0.0164 = P(1 - (1.0164)^{66} )[/tex]
[tex]\begin{aligned}1010.24&=p\times(1-0.341769)\\1010.24&=0.658321\times p\\p&=\frac{1010.24}{0.658321}\\p&=1534.78\end{aligned}[/tex]
Niki pays $1534.78 every two months continuously for eleven years.
[tex]\begin{aligned}\text{The total payment made by Niki} &= \text{Tenure Period} \times 6 \times \text{Amount of interest}\\\text{The total payment made by Niki}&=11\times6\times\$1534.78\\\text{The total payment made by Niki}&= \$101295.48\end{aligned}[/tex]
[tex]\text{Interest paid} = \text{Total Payment} - PV\\\text{Interest paid} = 101295.48-61600\\\text{Interest paid} =\$39,695.48[/tex]
Therefore, the correct option is A.
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What was one result of the Bretton Woods system?
A. The U.S. dollar became backed by gold for the first time.
B. The U.S. dollar was no longer accepted in most countries.
C. The U.S. dollar became more valuable and influential.
D. The U.S. dollar lost its status as the world's reserve currency.
One of the results of the Bretton woods system was that the U.S dollar became more valuable and influential.
What is Currency?Currency is a medium for exchange for goods and services. It is a form of legal tender approved by the government and accepted by all as a means of exchange.
The U.S dollar is a popular form of currency that is accepted by most countries as a form of exchange. After the Bretton Woods system was adopted, the U.S dollar became more influential and valuable to many.
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True or false :Equifax experian and transunion are legally obligated to provide identical information
It should be noted that Equifax experian and transunion are legally obligated to provide identical information.
What is Experian and Equifax?Experian and Equifax serves as a credit bureaus in the U.S that collect and research credit information.
They help individuals to rate the overall ability to pay back a debt.
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Suppose In a Snap Ltd. Just issued a dividend of $1. 25 per share on its common stock. The company paid dividends of $. 85, $. 90, $1. 04, and $1. 10 per share in the last four years. If the stock currently sells for $45, what is your best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends? What if you use the geometric average growth rate?.
Why does the government oversee the provision of public goods?
Public goods are goods and services that tend to result in negative externalities; therefore, the government must oversee that the provision of these goods and services is limited.
Public goods are goods and services that tend to result in negative externalities; therefore, the government must oversee that the provision of these goods and services is limited.
Public goods are goods and services that are non-excludable and rivalrous. The government must oversee the fair distribution of these goods; otherwise, they would be distributed on a first-come, first-serve basis.
Public goods are goods and services that are non-excludable and rivalrous. The government must oversee the fair distribution of these goods; otherwise, they would be distributed on a first-come, first-serve basis.
Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.
Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.
Public goods and services require resources in production that are scarce; therefore, the government must ensure that production is limited.
The reason why public goods are provided by the government is C. Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.
A public good simply means the good that is beneficial to everyone in the society. It's non-excludable and non-rivalrous. e.g electricity, water, sewage disposal, etc.
Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods. They're usually provided to meet the needs of the people and not for profit motive.
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Answer:
Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.
Explanation:
The guy above me is also correct, pls give him credit. The test said it was correct.
Please solve this question asap…as i have less time
Answer:
1 Cash to Capital
2 Bank to Cash
4 Purchase to Cash
5 Purchase to Cash
8 A/c receivable to Sales
10 A/c Payable to Cash
15 Cash dr(11700) Sales Discount dr (300) A/c receivable Cr(12000)
16 Wages Payable to Cash
18 Furniture to Cash
20 Drawing to Bank
22 Rent Payable to Bank
23 Drawing to Goods
24 Drawing to Bank
26 Cash to Commission received
27 Bank Charges Payable to Bank
28 Insurance Payable to Bank
29 Salary Expense/ Salary Payable (I forgot) to Cash
30 Cash to Sales
What kinds of products
and property do cyber-
protection laws cover?
Answer:
Act of threatening to share information about a person to the public, their friends or family, unless a demand is met or money is paid
Explanation:
QUESTION 7 of 20: Money market refers to:
Who is likely to be in favor of a country that would be a net exporter moving from autarky to free trade
Explanation:
sorry don't know think you should ask the question
what are the three most common reasons firms fail financially?
The common ways through which firms fail financially includes under-capitalization, poor control over cash flow and inadequate expense control.
Majority of firms who failed financially are those firm with outdated financial plan or lack of current trend in the industry.
Why firms fail financially includes:
Under-capitalization which is when the firm does not have sufficient capital to conduct normal business operations and pay the creditors.Poor control over cash flow is when the firm does not have firm control over the cash going in and out of the organization.inadequate expense control is when the firm does not effectively control the amount of expenses incurred for operation.
In conclusion, the common ways through which firms fail financially includes under-capitalization, poor control over cash flow and inadequate expense control.
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arts stream padhne se aacha to python ya java ki book pdf download kar lo usse padh lo
Answer:
Hahahahahahahha is it that much difficult
You plan on making a $235. 15 monthly deposit into an account that pays 3. 2% interest, compounded monthly, for 20 years. At the end of this period, you plan on withdrawing regular monthly payments. Determine the amount that you can withdraw each month for 10 years, if you plan on not having anything in the account at the end of the 10 year period and no future deposits are made to the account. A. $769. 27 b. $767. 23 c. $78,910. 41 d. $79,120. 84.
Answer:
10
Explanation:
The amount of money that can be withdrawn each month for 10 years is equal to: A. $769. 27.
Given the following data:
Time = 20 yearsMonthly payment = $235.15Interest rate = 3.2%To determine the amount of money that can be withdrawn each month for 10 years:
First of all, we would convert the compounded interest rate into an effective monthly interest rate as follows:
[tex]r = \frac{0.032}{12} = 0.00267[/tex]
Next, we would calculate the future value for these annuities by using this formula:
[tex]A = \frac{P[(1+r)^{12t} - 1]}{r}[/tex]
Where:
A is the future value.P is the monthly payment or principal.r is the effective monthly interest rate.Substituting the given parameters into the formula, we have;
[tex]A = \frac{235.15[(1+0.00267)^{12 \times 20}\; - \;1]}{0.00267}\\\\A = \frac{235.15[(1.00267)^{240}\; - \;1]}{0.00267}\\\\A = \frac{235.15[1.8964\; - \;1]}{0.00267}\\\\A = \frac{235.15[0.8964]}{0.00267}\\\\A = \frac{210.789}{0.00267}[/tex]
A = $78,947.19
Now, we can the amount of money that can be withdrawn each month for 10 years by using this formula:
[tex]A = \frac{P[(1+r)^{12t} - 1]}{r(1+r)^{12t}}[/tex]
Making P the subject of formula, we have:
[tex]P = \frac{A[r(1+r)^{12t}]}{(1+r)^{12t} - 1}[/tex]
Substituting the given parameters into the formula, we have;
[tex]P = \frac{78,947.19[0.00267(1+0.00267)^{12 \times 10}]}{(1+0.00267)^{12 \times 10} - 1}\\\\P = \frac{78,947.19[0.00267(1.3771)]}{1.3771 - 1}\\\\P = \frac{290.278}{0.3771 }[/tex]
P = $769.27
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margaret puts money into her savings account each month. in this example money is functioning as a
Answer: a store of value
In case where Margaret deposits money into her savings account monthly, the money functions acts as a store of value.
What are the characteristics of money?Money is a legally sanctioned document of the government and serves as a medium of exchange. It is generally acceptable mode of payment and is legal tender.
One of the main features of money is the storage and stability of its own value. This implies that money is something which is easily accessible and can be retrieved on demand.
In the above example, Margaret puts her money into the savings account, where she can easily use, store and retrieve the amount of money as per her will and requirement. So, money acts as a store of value.
Hence, it may be stated that when someone deposits money into the savings account, such money being deposited acts as a store of value.
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true or false? you should revisit your kpis every 18 months.
Answer:
false
have a nice day!!!
Export Production,
Increases the country's stock of wealth
Allows family members to make productive use of their time
Saves money on imports
Produces enough to support the needs of the community
Answer:
Increases the country's stock of wealth
Explanation:
There are two types of businessesImportExportImport means to buy things which are made otherwhere from other countries to our own country.Export means to transfer things which are made in our country to outsideMichael has been saving his money and wants to invest it. After doing some research, he has decided to invest $20,000 into a Certificate of Deposit. The interest rate on the CD is 3% with a term of five years, and the interest is paid out annually. Based on recent inflation, Michael is planning on an annual inflation rate of 2%. Which statement best explains the interest rates related to this CD? The nominal interest rate is 3 percent, while the real interest rate is 2 percent. The nominal interest rate is 3 percent, while the real interest rate is 1 percent. The nominal interest rate is 1 percent, while the real interest rate is 2 percent. The nominal interest rate is 2 percent, while the real interest rate is 4 percent.
Since he is planning on an annual inflation rate of 2%., the statement that explains the interest rates relating to the CD is nominal interest rate is 3% while the real interest rate is 1%.
A real interest rate refers to the nominal rate which is adjusted for inflation.
We are given that Interest (nominal rate) is 3% and planned Inflation rate = 2%Real interest rate = 1% (Nominal rate - inflation rate)
Hence, the statement that explains the interest rates relating to the CD is nominal interest rate is 3% while the real interest rate is 1%.
Therefore, the Option B is correct.
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Answer: the next one after b is A on the assignment
$200
Explanation:
What do you think Madison needs to include in the fire prevention training plan?
Paid Rs.4,500 to Anita after deducting 10% discount.
Answer:
4050
Explanation:
=10%of 4500
=450
now,
4500-450=4050
what is 450x12 PLZ HELP ME I NEED HELP
Answer:
5400
quick and easy thank u
A contractor can spend at most $350 a day on operating costs and payroll. It costs $75 each day to operate the forklift and $55 a day for each crew member. Write an inequality to represent the contractor's budget for the day. 75 55x ≥ 350 75 55x ≤ 350 75x 55 ≥ 350 75x 55 ≤ 350.
An inequality to represent the contractor's budget for the day is [tex]75 + 55x \leq 350[/tex].
Let the number of crew member be x.Let the forklift operating cost be F.Let the total cost be T.Let the payroll be P.Given the following data:
Total expense [tex]\leq[/tex] $350
Forklift operating cost = $75
Payroll for each crew member = $55
To write an inequality to represent the contractor's budget for the day:
The contractor's budget for the day on operating costs and payroll must not exceed $350. Thus, the mathematical expression (inequality) for the contractor's budget in a day is represented as follows:
[tex]F+Px \leq T[/tex]
Substituting the given parameters into the formula, we have;
[tex]75 + 55x \leq 350[/tex]
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Nezzie invests in 300 shares of stock in the fund shown below. Name of Fund NAV Offer Price LKIT Mid-Cap $16. 58 $16. 99 Nezzie plans to sell all of her shares when she can profit $5,000. What must the net asset value be in order for Nezzie to sell? a. $16. 67 b. $33. 25 c. $33. 57 d. $33. 66.
The correct amount of net asset value is $33. 66. Net asset value is termed as the value of the asset after the evaluation of the company's profit and evaluating the paid-off debt of the firm.
Computation of the total net value:
[tex]\begin{aligned}\text{The Total Net Value}&=(\text{ Number of shares} \times \text{Offer price}) + \text{profit}\\\text{The Total Net Value}&= 300 \:\rm shares \times \$16.99 + \$5000\\\text{The Total Net Value}&=\$10,097\end{aligned}[/tex]
The computation of the net asset value is:
[tex]\begin{aligned} \text{The Net Asset Value}&=\dfrac{\text{ Total Net Value}}{\text{Total Outstanding Shares}} \\\text{The Net Asset Value}&= \frac{\$10097}{300\:\rm shares} \\ \text{The Net Asset Value}&= \$33.66\end{aligned}[/tex]
Therefore, the correct option is D.
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Jack has become a franchise of sonic and his local community this as enable him to have access to blank in order to sell the product
Answer:
the knowledge, processes, and trademarks of Sonic
Explanation:
Question 6 of 40
What kind of account requires you to leave your money in it for a specific amount of time?
A. Checking account
B. Stock market account
C. Savings account
D. Money market account
Answer:
money market account
Explanation:
Susan would like to work on a class project alone, but her teacher asked the class to work in groups. How will Susan benefit from working with a team?
Independence
Increased creativity
Easy class credit
Easy decision making
Answer:
Easy decision making
Explanation:
Independence would not be it because Susan is in a group and the other two wouldn't be true because easy class credit would mean letting the rest of the group do the work, and increased creativity wouldn't be it because there would be other part of the group would be doing that two.
a manager should store canned soup that has been recalled in a
It should be noted that the manager should store canned soup in a separate area until it can be returned to the distributors for credit.
It should be noted that it's the function of a company to always provide good products to their customers.
In this case, since the goods have been recalled as a result of defect it any other issues, it should be stored in a separate area until it can be returned to the distributors for credit.
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How do businesses maintain a formal record of financial transactions?
a) Publish an income statement b) Publish a balance sheet
c) Maintain a general journal
d) Utilize the Matching Principle
Businesses maintain a formal record of financial transactions through publication of income statement and balance sheet.
A formal record of financial transaction entails publication of periodic financial statement to allows users them to understand the financial position of the company.
The process of Bookkeeping with helps to record all financial transactions helps to publish an income statement and balance sheet.
The income statement and balance sheet are the two main financial record which depict the accurate position of the firms position.
Therefore, the Option A and B is correct.
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When the quantity supplied is greater than the quantity demanded:
Answer:
... you have lots of extra products lying around and often prices will drop.
.
Dylan and Roberta want to teach their children about money management. What is the BEST way to help their children understand money?
A. Dylan and Roberta should invest money for their children’s education.
B. The children should manage their own weekly allowances.
C. They should wait until the children are older than 16 to discuss money.
D. The children should put all of their money in piggy banks and never spend it.
Hi!
Option C is correct.
Explanation of the choices:
A. - This seems a good choice, however it's not the best choice. Let's come back to it.
B. - This is the best choice because they get to experience first-hand how to manage and make their own money decisions. Choice A might seem good at first, but we can see this is better because they get to make their own decisions and experience hands-on how to do it.
C - This is not a good choice, because it's best to expose children early so they can grow up knowing how to do it.
D - This choice doesn't make sense. What is the point of money if you store it away and don't spend it? This will likely not be a good lesson in the future.
Hope this helps! :D
Answer:
the right answer is "B. The children should manage their own weekly allowances."
Explanation:
trust me ;)
How large a payment must this customer make on 4/20/12 to be considered on-time with their payment?
An on-time payment simply means a payment that's paid back at a particular agreed at a particular due date that has been agreed.
Your information is incomplete. Therefore, an overview will be given. It should be noted that an on-time payment is important for one to run business affectively.
In this case, to be considered on-time with their payment, the customer should pay the agreed amount. Late payments simply impact ones ability to run business and can lead to one incurring more interest.
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