Stock J has a weight of 0.2444 and stock J has a weight of 0.7556. The expected return is 11.55%.
A portfolio is a collection of assets with varying risk and return characteristics in finance. Diversifying a portfolio can help an investor limit exposure to non-systematic hazards. The expected return on a portfolio is the weighted average of the portfolio's asset returns.
First, we will calculate the portfolio weight of each stock. The sum of portfolio weights is 1.
ßp = 1
1 = xJ(1.34) + (1 - xJ)(.89)
1 = xJ(1.34) + 0.89 - xJ(0.89)
1 - 0.89 = 0.45 xJ
xJ = 0.11 / 0.45
xJ = 0.2444
xK = 1 - 0.2444
xK = 0.7556
2. E[RP] = 0.2444 × (0.1386) + 0.7556 × (.1080)
E[RP] = 0.0339 + 0.0816
= 0.1155 or 11.55 %
To know more about portfolio weight:
https://brainly.com/question/29490838
#SPJ4
monopolists are guaranteed to earn a positive economic profit because they are the only seller in their industry. group of answer choices true false
False. While monopolists do have the power to set prices higher than their production costs due to their control over the market, they are not guaranteed to earn a positive economic profit. The level of profit they earn depends on the elasticity of demand for their product and the cost structure of their business.
If the demand for the monopolist's product is highly elastic, meaning that consumers are very sensitive to changes in price, the monopolist may not be able to set prices high enough to earn a positive economic profit. Additionally, if the cost of production is too high, the monopolist may not be able to generate enough revenue to cover their costs, let alone earn a profit.
Furthermore, monopolists may face competition from substitute products or the threat of new entrants into the market. This can put pressure on the monopolist to keep prices low or to invest in innovation and efficiency to maintain their market dominance.
In summary, while monopolists do have the advantage of being the only seller in their industry, they are not guaranteed to earn a positive economic profit and face various challenges in maintaining their position in the market.
False. While monopolists are the only sellers in their industry and may have the ability to control prices to some extent, they are not guaranteed to earn a positive economic profit.
Economic profit considers both explicit and implicit costs, including opportunity costs. A monopolist must still cover their costs, and factors such as high production expenses, inefficient operations, or external forces like government regulations may result in negative economic profits.
Additionally, monopolists might face competition from potential entrants or substitutes over time, leading to price adjustments or changes in consumer preferences that can affect their profits.
In summary, although monopolists have more control over their market compared to firms in competitive markets, there is no guarantee that they will always earn a positive economic profit.
To know more about Monopolists visit:
https://brainly.com/question/31488370
#SPJ11
This refers to dividing responsibility among specific units or departments.
Bought goods
for
cash $100
to double
entry system.
Answer:Purchase account Dr.$100
cash account Cr.$100
Explanation:
Your credit report is the equivalent of your financial what?
A: Goals and dreams
B: Family budget
C: Report Card
D: Car payments
Answer:
financial nothingness is equivalent to space time travel
got em
Assume that when the price of good z is increased from $5 to $6, the total revenue earned increases from $600 to $690. based on this information, we can conclude that over this range, demand for z is:_________
The demand for z is inelastic.
What are inelastic demands?When a change in a product or service's price does not result in a proportionate or noticeable change in the demand for it in the economy, this is known as inelastic demand. It alludes to a specific kind of demand elasticity.
In other words, it emphasizes the demand that is unaffected by price changes. Demand essentially stays the same regardless of price movement.
Electricity is one of the straightforward examples; a rise in price won't make people use less of it, and a fall in price won't make them use more.
To learn more about Inelastic demands, refer to:
https://brainly.com/question/28192591
#SPJ4
Blue Sky Laws require registration of all of the following EXCEPT: A exempt issues B non-exempt issues C broker-dealers D sales representatives
According to the state laws, all the above except issues that are exempt must be registered. Hence, option A is the correct answer.
What are Blue Sky Laws?Blue Sky State Laws refers to laws that are enacted to combat fraud, and which require that issuers of securities must be registered.
Blue Sky Laws also required issuers of securities to disclose details of their offerings.
Hence the correction option is A.
Learn more about State Laws at:
https://brainly.com/question/946945
georgie’s orchards, a firm that grows, processes, and cans peaches, uses a ________ structure that separates workers based on their tasks or special skills.
Georgie’s orchards, a firm that grows, processes, and cans peaches, uses a functional structure that separates workers based on their tasks or special skills.
A functional structure simply means the structure where the employees are grouped based on their expertise. This can be seen when we go into an organization and there are different departments such as sales, transport department, research and development, etc.
The aim of the functional structure is so that the workers can be specialists in their fields and therefore, help to improve productivity in the company. This is the method that's used by Georgie's orchards.
Read related link on:
https://brainly.com/question/25090872
what are the ways of receiving employment related information?
Answer:
just do well on software and follow me for updates
Compare the classical economic theory that was used prior to the Great Depression to the Keynesian theory used after the Great Depression.
The classical economic theory, which was prevalent before the Great Depression, emphasized a laissez-faire approach. In contrast, other Keynesian theory advocated for active government intervention.
Prior to the Great Depression, the classical economic theory dominated mainstream economic thought. It was based on the belief that market forces, if left to operate freely, would lead to equilibrium and optimal resource allocation.
The classical economists emphasized the importance of self-adjusting markets and the notion that prices and wages would adjust to clear any imbalances in supply and demand.They advocated for limited government intervention in the economy and favored a hands-off approach.
However, the severity and duration of the Great Depression challenged the classical theory's assumptions. John Maynard Keynes, a British economist, developed an alternative theory that came to be known as Keynesian economics.
Keynes argued that during economic downturns, aggregate demand could fall significantly, leading to prolonged periods of unemployment and under utilization of resources.
He advocated for active government intervention, particularly through fiscal policy, to stimulate demand and restore economic growth.
Keynesian economics emphasized the role of government in managing aggregate demand through measures like increased government spending and tax cuts during recessions.
It advocated for counter-cyclical policies to stabilize the economy and promote full employment. Keynesian policies gained popularity after the Great Depression and influenced economic thinking and policy-making.
The classical economic theory prior to the Great Depression favored limited government intervention and relied on self-adjusting markets, while the Keynesian theory emerged in response to the Great Depression.
Learn more about laissez-faire here:
https://brainly.com/question/30576725
#SPJ11
Which tax form does an employer use to calculate an employee's tax
withholding?
Answer:
Form W-4
Form W-4 tells you, as the employer, the employee's filing status, multiple jobs adjustments, amount of credits, amount of other income, amount of deductions, and any additional amount to withhold from each paycheck to use to compute the amount of federal income tax to deduct and withhold from the employee's pay.
Suppose you are a corporate treasurer, and you manage the cash savings of your firm. You
don’t want to lose any initial investment and wish to make a return higher than the risk-free rate
TT −100
in one year: 100 × (1 + 0.8 × max � , 0�), i.e., this product guarantees you never lose a
in some cases. Your bank proposes a product that costs £100 and delivers the following payoff
TT
penny and gives you 80% of ‘‘gain’’ if the stock price appreciates. Will you invest in this product?
To determine whether to invest in the proposed product, we need to compare the potential payoff with the desired outcome of not losing the initial investment and earning a return higher than the risk-free rate.
According to the provided information, the product costs £100 and delivers a payoff of 80% of the "gain" if the stock price appreciates. Let's analyze the potential scenarios:
Scenario 1: Stock price appreciates
If the stock price appreciates, the product guarantees that you will never lose any initial investment. In this case, you will receive 80% of the gain. However, the exact gain amount is not specified in the information provided.
Scenario 2: Stock price does not appreciate
If the stock price remains the same or decreases, the product does not guarantee any specific return. It only ensures that you will not lose the initial investment.
Considering these scenarios, the decision to invest in the product depends on your risk tolerance and return expectations. Since the potential gain amount is not provided, it is difficult to assess the attractiveness of the product in terms of returns.
If your primary goal is to avoid losing the initial investment and you prioritize capital preservation, this product may align with your objective. However, if you are seeking a specific return higher than the risk-free rate, it is important to evaluate the potential gain and compare it with alternative investment opportunities.
Ultimately, the decision to invest in this product should be based on a comprehensive analysis of the potential returns, risk factors, and your specific investment objectives.
Learn more about comprehensive analysis of the potential returns, risk factors, and your specific investment objectives here:
brainly.com/question/30022387
#SPJ11
what best describes the role of government in a free enterprise system?
Answer:
Allow individuals to operate their businesses in ways they think will maximize their profits.
Explanation:
HELP PLEASE DUE IN 30 MIN ASAP I will give Brainliest...Think of examples of new words that have been made up in your lifetime. Think of words whose meanings have changed over time. Why do we change the meanings of words? Who benefits? Who loses? Offer a Biblical perspective on choosing our words and how our words impact others.
Hi! I'm not really sure what "have been made up in your lifetime" mean, so I'm just gonna assume that it means words that have been created in your generation
Examples of new words: Meme, jegging
Examples of words with changed meanings: Silly (original meaning: blessed with worthiness), leech (original meaning: doctor)
The meaning of the words change over time because new generations lead to new ideas
Who benefits: The newer generations because they can communicate easily with newly made slangs, etc.
Who loses: The older generations because they have would then have absolutely no idea what the newer generations are talking about
(Example: Person 1: Woah that skateboard is sick!
The guy from the 1700s: No it's not. It's a skateboard, are you mental?)
and i'm not sure about the biblical perspective, sorry about that
anyways, hope this helped !
HELP ASAP 100 POINTS WILL MARK BRAINLIEST IF CORRECT
Submit your 500-word essay describing the career you have chosen, a five-day schedule of this career, and the advantages and disadvantages of the work schedule that you have created.
A person's career is very important in their life. Whatever career path you choose will have a significant impact on your life. In addition to your lifestyle, your career will define your social standing. In other words, your social circle and relationships will be determined by your career.
Career Analysis Essay
As a result, it is critical to select the appropriate career path. We all want to be someone or something from a young age. Some people want to be doctors, while others want to be painters. Many factors influence our career choices. As a result, it is critical to consider all factors before deciding on a career path.
How Should You Choose a Career?
Before deciding on a career, you must consider several factors. Each factor weighs heavily on your decision. To begin, always thoroughly assess yourself. To choose a career, you must first understand your area of interest. Someone who can dance well, for example, can certainly become a doctor, but his passion will always be dance. As a result, ensure that you have the aptitude to succeed in the field of your choice. This will come from your field of study.
Following that, you look for opportunities in your field of interest. You can easily find occupations that match your passion now that you know what you like and dislike. Make a list of occupations that are related to your interests. Reduce the length of your prepared list. You must do so by your preferences. Make informed decisions by consulting with your seniors and parents.
Most importantly, learn the skills required for the career path you wish to pursue. Make certain you have the necessary qualifications and degrees. Take training programs to improve your skills. This will give you an advantage in determining whether you are correct in your career choice
How to Achieve Your Professional Objectives
There are steps you must take before you can achieve your career goal. Success, as they say, does not happen overnight. To achieve your objectives, you must work along the way. If you have the will, there is always hope. To begin, create profiles on various job portals to catch the attention of potential employers. You will be able to get good career opportunities if you keep your profile up to date.
Furthermore, keep your network up to date. Create a strong network and sources in the field. This way, you can stay up to date on the latest industry news. Additionally, try to attend any seminars or workshops that are related to your career choice. You will meet influential people in your field who will broaden your perspective.
To summarize, always remember to remain determined. If you put your mind to it, you can easily achieve your career goals. In other words, people are prone to easily distracting themselves. You must refrain from doing so and instead concentrate on your career path to accomplish your objectives efficiently.
Rodger owns 100% of the shares in Trevor Inc., a C corporation. Assume the following for the current year:
Trevor Inc.’s pre-tax income = $16,000
Trevor Corp’s marginal tax rate = 35%
Percentage of after-tax earnings retained by Trevor Corp = 0% (i.e. all after-tax earnings distributed)
Rodger’s dividend tax rate = 5%
Given these assumptions, how much cash does Rodger have from the dividend after all taxes have been paid?
Trevor Inc. has a pre-tax income of $16,000 and a 35% marginal tax rate. After-tax income is $10,400, which is entirely distributed as dividends. Rodger's dividend tax rate is 5%, so he receives $9,880 in cash after paying $520 in taxes on his dividend income.
Based on the given assumptions, Trevor Inc. has a pre-tax income of $16,000 and a marginal tax rate of 35%. Thus, the company's tax liability will be $5,600 (35% x $16,000).
After deducting this tax expense from the pre-tax income, Trevor Inc. will have an after-tax income of $10,400 ($16,000 - $5,600). Since the company is distributing all of its after-tax earnings, Rodger will receive a dividend payment equal to the after-tax income of $10,400.
However, Rodger's dividend payment is subject to his own dividend tax rate of 5%. Thus, he will have to pay $520 (5% x $10,400) in taxes on his dividend income. After deducting the dividend tax expense from the dividend payment, Rodger will have a cash receipt of $9,880 ($10,400 - $520).
It's important to note that the total tax burden on Trevor Inc.'s pre-tax income is not just the 35% corporate tax rate but also the 5% dividend tax rate paid by Rodger on the after-tax earnings that he receives as a dividend.
This is a classic example of double taxation where the same income is taxed twice, once at the corporate level and then at the individual level when it is distributed as a dividend.
In summary, based on the given assumptions, Rodger will receive a cash dividend payment of $9,880 from Trevor Inc. after all taxes have been paid.
To know more about dividends refer here:
https://brainly.com/question/31237280#
#SPJ11
If the marginal propensity to consume is \( .75 \), the expenditure multiplier is equal to \( 3 . \) True False
If the marginal propensity to consume is \( .75 \), the expenditure multiplier is equal to \( 3 . \). The statement is True.
If the marginal propensity to consume (MPC) is 0.75, then the expenditure multiplier can be calculated as the inverse of the marginal propensity to save (MPS).
Since MPC + MPS = 1, the MPS would be 1 - 0.75 = 0.25.
The expenditure multiplier is equal to 1 divided by MPS, which in this case is 1/0.25 = 4.
Therefore, the statement that the expenditure multiplier is equal to 3 is false.
The correct value of the expenditure multiplier, given an MPC of 0.75, is 4.
Learn more about marginal propensity here :
https://brainly.com/question/29035456
#SPJ11
Profit is _____.
the difference between business income and business expenses
a main motive for entrepreneurs starting new businesses
often calculated using a pie graph
all of the above
Answer:
ALL OF THE ABOVE
Explanation:
EDGE 2021 :D
The face value of a note refers to the amount A) borrowed plus interest received at maturity from the maker. B) at which the note receivable is recorded. C) that can be received if sold to a factor.
The face value of a note refers to the amount at which the note receivable is recorded (option b).
The face value of a note refers to the amount at which the note receivable is recorded. This means that when a note is issued, the face value represents the principal amount borrowed or the amount promised to be paid back by the maker of the note. It does not include any interest that may be accrued over the term of the note.
Option A states that the face value includes the borrowed amount plus interest received at maturity from the maker. However, the face value only represents the principal amount and does not take into account any interest received.
Option C mentions that the face value refers to the amount that can be received if the note is sold to a factor. However, the face value is not influenced by the potential resale value of the note. It remains the same regardless of whether the note is sold to a factor or not.
Therefore, the correct answer is B) at which the note receivable is recorded, as it accurately reflects the principal amount of the note without considering interest or resale value.
For more such questions on face value , click on:
https://brainly.com/question/29418583
#SPJ8
You are a potential stockholder and are concerned that a particular company you are ready to invest in, might have too much debt. which financial statement would provide you with the information needed to evaluate your concern?
You are a potential stockholder and are worried that a particular company you want to invest in has a large amount of debt. The financial statement that provides the information necessary to assess concerns is the balance sheet.
What are balance sheets?A balance sheet is a summary of a company's assets, liabilities and equity at a particular point in time. It is one of the basic documents that make up a company's financial statements. There are three types of balance sheets: Comparative balance sheet. Vertical balance sheet and Horizontal balance sheet.
Why use a balance sheet?A balance sheet provides a snapshot of a company's financial position at a particular point in time. In addition to income and cash flow statements, the balance sheet helps business owners assess the financial health of their company. A balance sheet report on the organization's assets (what it owns) and liabilities (what it owes).
To learn more about balance sheet visit:
https://brainly.com/question/26323001
#SPJ4
chose 10 items to take to a deserted island remember you need shelter there is food on the island and you also may need a fire source........yw have fun
Answer:
a big tent. my friends. a hamic. wepons. a boat. my phone. portabal charger. and my parents
Explanation
Answer:
Box of Matches
Tent
Canteen
Knife
Blanket
Pot
Bug Spray
Cloths
Flashlight
Journal w/ pencil
Explanation:
These are neccasary for survival !
Which of the following is a challenge for a business that wants to begin exporting?
A) increasing company profits.
B) identifying a target market.
C) improper use of a trademark
D) Generate tax dollars for another country.
which end-use sector is the largest consumer of energy in the us?
More than 30% of all energy usage in the US is consumed by the industrial sector, which is also the biggest user.
The US's biggest energy consumer is the industrial industry. Construction, mining, agriculture, and other sectors are a part of this industry. Large quantities of energy, mainly in the form of power and fossil fuels like oil and natural gas, are needed for industrial activities like the production, processing, and shipping of products.
More than 30% of all US energy usage in 2020 was attributed to the industrial sector, which was followed by the transit, domestic, and business sectors. Nonetheless, due to advancements in energy efficiency and a switch to less energy-intensive production methods, energy usage in the industrial sector has decreased recently.
Learn more about Industrial Sector:
https://brainly.com/question/1082619
#SPJ4
Herzberg studied job-related factors as they relate to.
The main factor which Herzberg studied uh job related factors was their relationship to motivation.
What is Motivation?This refers to the factors which spurs on a person to behave in a certain way or perform certain tasks.
With this in mind, we can see that Herzberg was an expert in motivation and their effect on people and he evaluated job related factors.
Read more about motivation here:
https://brainly.com/question/11871721
Assigning a senior employee to teach a junior employee about how the organization works with the idea of developing the junior employee is an example of ______. select one: a. coaching. b. development. c. succession management. d. mentoring.
Assigning a senior employee to teach a junior employee about how the organization works with the idea of developing the junior employee is an example of mentoring. Option D is answer.
Mentoring refers to a process in which an experienced and knowledgeable individual (mentor) provides guidance, support, and knowledge transfer to a less experienced individual (mentee) to help them develop their skills, knowledge, and career. In this scenario, the senior employee takes on the role of a mentor and engages in teaching the junior employee about how the organization operates. The purpose is to facilitate the junior employee's growth and learning within the organization.
Option D (mentoring) is the correct answer.
You can learn more about Mentoring at
https://brainly.com/question/28901118
#SPJ11
Multiple Choice Question A change in demand is represented by a ______ the demand curve while a change in quantity demanded is represented by a _______ the demand curve.
Based on the question above, the correct answer goes thus:
shift of, movement alongA change in demand is represented by a shift of the demand curve while a change in quantity demanded is represented by a movement along the demand curve.
Change in demandA change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price.
In conclusion, we can conclude that the correct answer is shift of and movement along respectively.
learn more about change in demand from here: https://brainly.com/question/688645
Drag the tiles to the boxes to form correct pairs.
Match the different. brainstorming techniques to their applications
Note that the Brainstorming Techniques matched to one another are given as follows:
Clustering - connecting ideas for a topic using different shapes and color-coding to identify how the ideas are relatedThree perspectives - describing the topic, tracing its history, and examining its connections with related topicsFreewriting - writing down first thoughts on a topic in a timed session. without pausing to check for relevance or grammarWhat are brainstorming techniques?The most essential thing to remember with any approach of brainstorming is to prioritize quantity above quality. Accepting all ideas, no matter how ridiculous or unimportant they may appear, aids brainstorming.
The aim is to establish a large enough pool of ideas from which to draw or combine ideas for the best solution or approach.
Learn more about brainstorming techniques:
https://brainly.com/question/26684333
#SPJ1
a) A man has $4.55 in change composed entirely of dimes and quarters. What are the maximum and minimum number of coins that he can have? Is it possible for the number of dimes to equal the number of quarters? (b) The neighborhood theater charges $1.80 for adult admissions and $.75 for children. On a particular evening the total receipts were $90. Assuming that more adults than children were present, how many people attended? (c) A certain number of sixes and nines is added to give a sum of 126; if the number of sixes and nines is interchanged, the new sum is 114. How many of each were there originally?
The man has a minimum of 14 coins and a maximum of 50 coins. It is not possible for the number of dimes to equal the number of quarters.
Let's assume the number of adult admissions is x and children's admissions is y. Therefore, the number of adults was greater than the number of children, and the total receipt was $90. Also, the theater charges $1.80 for adult admissions and $.75 for children.
Now, as per the given data, we can form two equations:
x + y = the total number of people (equation 1)$
1.80x + $0.75y = $90 (equation 2)
To solve these equations, we can multiply equation 1 with 1.80 and subtract it from equation 2.
Let's solve the equation:
(1.80x + 1.80y) - (1.80x + 0.75y) = 90 - (1.80 × total number of people)y = 3.6(total number of people - 50)
As the number of adults is greater than children,
the value of x is greater than y.
Also, the number of attendees cannot be a fraction, so we can try different values of y to find a suitable value that satisfies both the above conditions.
By substituting the value of y in equation 1, we can calculate the value of x.
Let's try different values of y:
y = 1, then x = 89y = 2, then x = 88y = 3, then x = 87y = 4, then x = 86
From the above calculations,
it is evident that y = 4, and x = 86 satisfy both conditions.
Hence, 86 adults and 4 children attended the show.
c)There were 45 sixes and 81 nines originally.
The steps to solve this problem are as follows:
Let the number of sixes is x and the number of nines be y.
Therefore, x + y = 126 (equation 1)6x + 9y = 1260 (equation 2)Dividing equation 2 by 3,
we get,2x + 3y = 420 (equation 3)Multiplying equation 1 by 2 and subtracting it from equation 3, we get:
y = 54Substituting the value of y in equation 1,
we get:
x + 54 = 126
Therefore, x = 72
Hence, there were 72 sixes and 54 nines originally.
If the number of sixes and nines is interchanged, the new sum is 114. Therefore, the number of sixes and nines interchanged were 54 and 72, respectively.
To know more about the equation visit:
https://brainly.com/question/28871326
#SPJ11
(c) Verify that the mix of sales units to be sold at the break-even point for each product line will generate a zero net income. Tiger Golf Accessories CVP Income Statament $ 소 $ 1 + e $ e Textbook and Media Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Pairs of Shoes $104 60 $44 Pairs of Gloves $29 10 Unit sales price Unit variable costs Unit contribution margin Sales mix Range- Finder $245 204 $41 $19 36 % 45 % 19 % Fixed costs are $659,690.
To verify that the mix of sales units to be sold at the break-even point for each product line will generate a zero net income, we need to calculate the break-even point for each product line. The break-even point is the level of sales at which the total costs equal total revenues, resulting in zero net income.
Using the given unit sales price, unit variable costs, and fixed costs, we can calculate the contribution margin per unit for each product line. The contribution margin is the amount of revenue that contributes towards covering the fixed costs and generating profit.
Once we have calculated the contribution margin per unit, we can use it to calculate the break-even point in units for each product line. The break-even point in units is the number of units that need to be sold to cover the fixed costs and generate zero net income.
By verifying that the mix of sales units to be sold at the break-even point for each product line will generate a zero net income, we can ensure that the company is not operating at a loss and is able to cover its costs. This analysis can also help the company make informed decisions about pricing, sales mix, and cost management to achieve profitability.
To know more about revenues click this link-
brainly.com/question/29567732
#SPJ11
an overall orderly arrangement of all the format elements of an ad, such as the headline and visuals, is called the
An overall orderly arrangement of all the format elements of an ad, such as the headline and visuals, is called the "layout". The layout is the structure that depicts the relationship between the headlines, visuals, sub-heads, copy, and other components of an ad.
The layout arranges the design and style of each element within the ad and the balance among the elements so that the ad is visually appealing to the target audience. Laying out an ad necessitates a balance between image and text to ensure that the ad is both visually appealing and attention-grabbing.
The layout also assists in creating and improving readability, which leads to a better understanding of the message being conveyed by the advertisement.
To achieve a successful layout, the advertising agency considers the ad's main objective and target audience. The designer uses typography, images, and colors in a way that reflects the brand's character and message.
The layout is essential to the advertisement design process because it helps in making the ad visually attractive, readable, and understandable to the audience. The components of an ad must have a logical flow to the audience so that they can comprehend the message and engage with the advertisement.
Furthermore, it can boost the ad's efficiency by increasing its attraction to the target audience, which leads to a higher return on investment for the advertiser.
To know more about headlines visit:
https://brainly.com/question/30916940
#SPJ11
find the vehicle payment under the following conditions: a loan of $16,000.00 at 5.3 compounded monthly with monthly payment for 3 years.
the monthly payment for the loan is $474.75.
To calculate the monthly payment for a loan of $16,000.00 at 5.3% compound interest monthly with monthly payments for 3 years, we can use the formula for monthly loan payments:
Payment = (P × r) / (1 − (1 + r)−n)
where P is the principal (loan amount), r is the monthly interest rate, and n is the total number of payments.
First, we need to convert the annual interest rate to a monthly rate:
r = 5.3% / 12 = 0.00441667
Next, we need to calculate the total number of payments:
n = 3 years × 12 months/year = 36
Now we can plug in the values and calculate the monthly payment:
Payment = ($16,000 × 0.00441667) / (1 − (1 + 0.00441667)−36)
Payment = $474.75 (rounded to the nearest cent)
To know more about compound interest :
https://brainly.com/question/14295570
#SPJ4