You borrow $13,046 and repay the loan with 5 equal annual payments. The first payment occurs at the end of year 1 and you pay 5% annual compound interest. If you decide to pay off the loan after 4 years. What is the payoff amount due at the end of the 4th year? (Round your answer to 2 decimal places)
Answers
the payoff amount due at the end of the 4th year would have been $13,046 - $1063.78 = $11,982.22, which is the amount that remains to be paid at the end of the fourth year.
Calculation of the future value of the loan with 5% annual compound interest.The formula to calculate future value of a loan with n payments, with periodic payment P, interest rate r, and initial balance B0 is:
Bn = B0 * (1+r)^n + P* ((1+r)^n - 1)/r
Where,B0 = $13,046 Periodic payment (P) is unknownr = 5% = 0.05n = 5We need to calculate the periodic payment to repay the loan.The future value of the loan is
Bn = $18,166.47
After 4 years (n = 4), the balance remaining to be paid is given by:
B4 = B0 * (1+r)^n + P* ((1+r)^n - 1)/r= $13,046*(1+0.05)^4 + P*((1+0.05)^4 - 1)/0.05= $13,046*1.21550625 + P*5.01215625P = ($18,166.47 - $13,046*1.21550625)/(5.01215625)= $1063.78
The payment at the end of the fourth year would have been $1063.78. Therefore, the payoff amount due at the end of the 4th year would have been
$13,046 - $1063.78 = $11,982.22, which is the amount that remains to be paid at the end of the fourth year.
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Related Questions
The table below shows the measurements M1 and M2 taken by the same analyst. Draw a scatter plot of the data.
M1 0.243 0.352 0.357 0.469 0.444 0.555 0.552
M2 0.245 0.348 0.361 0.470 0.439 0.560 0.548
a.
C.
0.75
0.75
0.625
0.625
.
0.5
0.3
.
0.375
0.375
2
0.23
0.25
0.125
0.125
0.125
0.25
0.375
0.5
0.62
0.125
0.25
0.375
0.5
0.62
Answers
Answer:
Its C
Explanation:
Answer:
C
Explanation:
ifunny is dankreloaded
Which element will you include to present numerical data visually on a slide? A. graph B. text C. flowchart D. audio clip
Answers
A graph represents numeric data in a visual format. Graphs make information easier to present on a PowerPoint.
The correct option A.
We can include a graph to present numerical data visually on a slide.
How do you describe a presentation in a graph?Tips and phrases for explaining graphsClearly introduce graph. Be sure to clearly introduce the title or topic at the beginning. Keep language simple. Remember, the aim is to help people understand your graph, not to make long, complex sentences. Use pointing effectively. Use hedging.What is the purpose of plot graphs?A plot is a graphical technique for representing a data set, usually as a graph showing the relationship between two or more variables. The plot can be drawn by hand or by a computer. In the past, sometimes mechanical or electronic plotters were used.
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1) Government regulation like licensing requirements create barriers to entry prevents new
firms from developing and marketing products and services. This is done presumably to ensure
high standards for those industries that require licenses. However, often times it can create a
dearth of individuals allowed to do the job. How stringent should licensing requirements be for
the following groups:
1. Physicians
2. Attorneys
3. Teachers
4. Accountants
5. Architects
6. Taxi drivers
Discuss this with regard to market entry and exit, market power like monopolies and
oligopolies, as well as with regard to complaints that licensing requirements often do not match
the monetary gains of certain professions.
2) Think of an industry that has only a small handful of competitors in the market. How do
these types of organizations maintain market dominance? What risks do the individual firms in
your chosen industry take in an oligopoly dominated industry?
Answers
The level of stringency which a government can have for licencing requirements for the aforementioned groups is:
It should be high because the high standards should be maintained as these occupations, with the exception of taxi drivers are absolutely necessary to the social shaping of a community or nation.What are Government Regulations?This refers to the rules and laws which a government of a country places on certain things and areas so that there can be measures of quality.
With this in mind, we can see that in non essential areas that requires low to no skill sets, then the licencing requirements should be made low to encourage more participation, but at the same time, monitoring should be enforced to ensure that they are not acting out of bounds.
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Waller Comp, purchased equipment for S24,000. The company is constdenne whether to determine annual depreciation using the straight-lane method or the declitung-balance method at 150 percent of the straight-1,1e tate. Waller expects to use the equipment for 10 years. At the end of which it will have an estimated salvage valueef 54.000. Prepare a comparison of these IWO alternatives for the fast two yews Waller will oun the equipment
Answers
Answer:
Waller Company
Comparison of Straight-line Depreciation and Declining Balance Methods
Straight-line method Declining balance method
Cost of equipment $24,000 $24,000
1st year depreciation exp. 1,860 2,760
Net book value 22,140 21,240
2nd year depreciation exp. 1,860 2,371.50
Ner book value 20,280 18,868.50
Explanation:
a) Data and Calculations:
Cost of purchased equipment = $24,000
Duration of useful life = 10 years
Estimated salvage value = $5,400
Depreciable amount under the straight-line method = $18,600
Depreciation expense per year under the straight-line method = $1,860 ($18,600/10)
Under the declining balance method:
The depreciation rate = 10% * 150% = 15% per year
Depreciation expense for the first two years:
Year 1, 15% of $18,600 = $2,760
Year 2, 15% of ($18,600 - 2,760) = $2,371.50
If you own a candy bar factory, the
"capital" for your factory would
include all of the following EXCEPT
which one?
A. The ingredients such as sugar and cream used in
making chocolate.
B. The machines that make the candy bars.
C. The employees who run the machines and
package the candy.
D. The rules and regulations that keep employees
and customers safe.
Answers
Answer:
C
Explanation:
Capital isn't the employees working, but the tools needed to help the employees work efficiently.
Answer:
A. The ingredients such as sugar and cream used inmaking chocolate.
Explanation:
population density and city size are ____ variables used for market segmentation.
Answers
Population density and city size are geographic variables used for market segmentation.
Market segmentation is the process of dividing a heterogeneous market into smaller, more homogeneous segments based on certain characteristics or variables. Geographic variables are one of the common types of segmentation variables used to divide markets based on geographic factors such as location, climate, population density, city size, and regional preferences. Population density refers to the number of people living in a given area, usually measured per square kilometer or square mile. It helps identify densely populated areas where certain products or services may have higher demand.
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how many patents have been issued in the united states?
Answers
Answer: 399,055 patents hope this helps
Explanation:
True or false :Equifax experian and transunion are legally obligated to provide identical information
Answers
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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Income received by households through the lending of their money to corporations and business firms is an example of
income.
Answers
Answer:
Interest / Dividend Income
Explanation:
Answer:
Answer for EDGE is C or Interest
Explanation:
information technologies are a major support tool for making structured decisions.
Answers
True. Information technologies are indeed a major support tool for making structured decisions.
It is true that information technologies play a crucial role in supporting structured decision-making processes. Structured decisions refer to those that can be clearly defined, have specific criteria for evaluation, and follow a set of established rules or procedures.
In such cases, information technologies provide valuable support by facilitating the collection, organization, and analysis of data and information.
Information technologies enable the efficient processing and management of large volumes of data, allowing decision-makers to access relevant information quickly and accurately. They provide tools for data visualization, modeling, and simulation, which aid in understanding complex relationships and predicting potential outcomes.
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The complete question is:
Information technologies are a major support tool for making structured decisions. True or False
A new company has started to become very competitive in your geographic areas. The first step they took was to slash prices. The second was stealing some of your best sales and manufacturing personnel. As a result, they have been able to go down the learning curve a lot faster, thus increasing their overall revenue. In a meeting with some of your people, the idea is brought up that you could increase the competition's costs by tying them up through litigation and state administrative action. Some local government officials owe you favors because your company has made campaign contributions in the past. Some other sources tell you the new company has over extended themselves, meaning their debt/equity ratio is very high. They probably couldn't survive a protracted legal battle or some legislation that's been designed to negatively impact their bottom line and not yours. Many more suggestions are brought up, but the first one is the only one that has a chance of success.
You:__________.
Answers
A new company has started to become very competitive in your geographic areas. The first step they took was to slash prices. The second was stealing some of ...
what is an opportunity cost
Answers
Answer:
B
Explanation:
Opportunity cost is the valje of the next best alternative forgone when a choice is made.
According to the simple model of buyer behavior, what is in a buyer's black box?A. The buyer's responseB. Postpurchase behaviorC. The four PsD. The buyer's characteristics and the buyer's decision processE. Cultural forces
Answers
According to the simple model of buyer behavior, the buyer's black box refers to the internal factors that affect a buyer's decision-making process.
It includes the buyer's characteristics, such as their beliefs, attitudes, perceptions, motivation, and learning, as well as the buyer's decision process, which involves problem recognition, information search, evaluation of alternatives, purchase decision, and post-purchase behavior. The black box also encompasses cultural forces, such as the buyer's culture, subculture, and social class, as well as psychological factors, such as the buyer's personality and lifestyle.
In summary, the buyer's black box represents the complex internal factors that influence a buyer's decision-making process, including their characteristics, decision process, and cultural and psychological forces. Understanding these factors is crucial for marketers in developing effective marketing strategies and building strong relationships with their target customers. By recognizing the key drivers behind a buyer's decision-making process, marketers can tailor their marketing messages and offerings to meet the specific needs and preferences of their target customers, thereby increasing the likelihood of a successful sale and fostering long-term customer loyalty.
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The term economics includes all of the. matters of the nation. is it financial legal international
Answers
Economics encompasses various aspects of a nation, including financial, legal, and international matters. It is a social science that studies the production, distribution, and consumption of goods and services, aiming to understand how individuals, businesses, and governments allocate resources to satisfy their needs and wants.
While it primarily focuses on financial aspects, it also considers legal frameworks and international trade, which impact a nation's economy. The term economics is a broad field that encompasses many different aspects of a nation's well-being. It is not limited to just one area, but rather includes financial, legal, and international matters.
In order to fully understand the state of a nation's economy, one must consider all of these factors and how they interconnect. So, to provide a long answer to your question, economics is a comprehensive term that includes various components of a nation's economic system, including finance, law, and international trade.
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Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91
Answers
Answer:
b. 22.38
Explanation:
The credit period to pay for merchandise is 45 days, sales for last year = $325,000, therefore sales/day (daily sales) = $325,000/365 = $890.41
Year-end receivables = $60,000
Company DSO = Year-end receivables/ daily sales = $60000/$890.41 = 67.38
The difference between the Company DSO and credit period determines if the payment is early or late. A positive answer indicates late payments, while a negative answer indicates early payments.
Therefore, Company DSO - credit period = 67.38 - 45 = 22.38
Since the difference is positive, it is a late payment
Which of the following statements is most true of order-getting salespeople?
A They seek out possible buyers and use an organized, creative
approach to present messages.
B. They call on buyers further down the marketing channel than their
company's own customers.
C. They focus on completing sales accurately and courteously.
D. Their role is a less expensive kind of selling than order taking.
Answers
Answer:they seek out possible buyers and sue an organized creative approach to present messages
Explanation:
The following statements are most true of order-getting sales people They seek out possible buyers and use an organized, creative. Thus option (A) is correct.
What is Sales?
A sale is an agreement between a buyer and a seller in which the seller exchanges money for the sale of tangible or intangible products, assets, or services. There are two or more parties involved in a sale. A sale, or a contract between two or more parties, such as the buyer and seller, can be thought of in larger terms.
The following statements are most true of order-getting salespeople They seek out possible buyers and use an organized, creative.
Therefore, Thus option (A) is correct.
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Given 1=275,000, S = 40,000 N = 5 i = 16%
Calculate the Capital Recovery amount
O a. none of the above
O b. 55,000
O c. 78,171
O d. 93,509
Answers
Answer:
C I think
Explanation:
It feels right
The Capital Recovery amount is c. 78,171
To calculate the Capital Recovery amount, we need to use the formula:
CR = S * \((i/(1-(1+i)^{-N}))\)
Where CR is the Capital Recovery amount, S is the initial investment, i is the interest rate, and N is the number of periods.
Substituting the given values, we get:
CR = 40,000 * \((0.16/(1-(1+0.16)^{-5}))\)
CR = 78,171
Therefore, the answer is 78,171.
Capital Recovery is a method of calculating the amount of money needed to recover the initial investment over a period of time. It takes into account the time value of money and the interest rate. The formula calculates the amount of money needed to be received at the end of each period to recover the investment amount.
This method is commonly used in finance and investment analysis to determine the profitability of a project or investment. The Capital Recovery amount is an important metric to consider while making investment decisions as it helps in estimating the returns and risks associated with the investment. Therefore, the correct answer is option c.
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Which of the following is an example of marginal cost?
A
the amount of time Cindy gives up studying to mow lawns
B
the amount of time it takes Cindy to mow one additional lawn
с
the amount of time Cindy spends gathering resources to mow lawns
D
the amount of time Cindy spends mowing the lawns of all her clients
Answers
Answer:
B
Explanation:
An example of marginal cost is the amount of time it takes Cindy to mow one additional lawn. Thus, the correct answer is option B.
What is marginal cost?The marginal cost in economics is the change in total production cost that results from making or producing one additional unit. Divide the change in production costs by the change in quantity to calculate marginal cost. Marginal cost is an economics and managerial accounting concept most used often among manufacturers as a means of isolating an optimum production level.
The goal of marginal cost analysis is to determine when an organization can achieve economies of scale in order to optimize production and overall operations. If the marginal cost of producing one additional unit is less than the per-unit price, the producer may profit.
Therefore, the amount of time it takes Cindy to mow one additional lawn is the marginal cost.
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What should you avoid doing when creating your online profile for potential employers?
Answers
You should avoid using humor or informal names when creating your online profile for potential employers.
Your social media presence affects your branding majorly. What you do and say in the cyberspace can follow you throughout your career. For job seekers internet presence can be two different worlds. One profile consists of hanging out with friend and the other focuses on the seriousness of a job search.
Having these two worlds collide could result in the playful social media posing problems for a job search. If you're conducting a job search you need to ensure certain things such as: leaving your work profile open to strangers; including your real first and last names in the profile; posting unprofessional photos on your work profile etc.
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using a textbox for data entry of standard values is a good example of minimizing key strokes.
true or false
Answers
True. Using a textbox for data entry of standard values can be a good example of minimizing key strokes.
This is because it allows users to quickly enter data by typing in a pre-defined value rather than having to manually select from a list or input the same information repeatedly. This can save time and effort for the user, making the process more efficient. However, it's important to note that this approach may not always be the best solution for all scenarios. In some cases, it may be more appropriate to use drop-down menus, radio buttons, strokes or other input methods depending on the context and specific user needs. Ultimately, the goal should be to create a user-friendly interface that minimizes the amount of input required while also ensuring accuracy and ease of use.
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The blank is the the minimum amount of your bill you must pay each month.
Answers
minimum payment
the least amount of money that must be paid at the end of a month
how is the issue of raising capital a natural barrier to entry for new firms seeking to enter a market?
Banks rarely lend to individuals seeking to open a small business. Banks and venture capital companies are unlikely to lend to firms with little chance of competing against established businesses. Banks and venture capital companies are unlikely to lend to new ventures as their capital is already committed to established companies. It takes several years to save enough capital to fund a new venture.
Answers
The issue of raising capital is a natural barrier to entry for new firms seeking to enter a market. Banks and venture capital companies are unlikely to lend to new ventures, as their capital is already committed to established companies.
What is a market barrier?A market barrier is a natural or legal restriction that makes it difficult or impossible for new firms to enter a specific market. The difficulty of raising funds is a natural barrier to entry.
New firms looking to enter a market must raise enough capital to operate and compete with established businesses. Because banks and venture capital firms are hesitant to lend to businesses with little chance of success, the challenge of raising capital becomes a barrier to entry.
Therefore, the issue of raising capital is a natural barrier to entry for new firms seeking to enter a market.
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If a product is no longer showing strong market share and sales are diminishing, which of the following would be the best approach to trying to extend its lifetime on the market
A. Offer extended warranties
B. Re-launch
C. Positioning
D. Discontinue
Answers
Answer:B. re-launch
Explanation: just took the quiz
Answer:
Re launch
Explanation:
A p e x
(plz anwser asap!!))
What is the best way to combat stereotypes in the workplace?
Answers
Answer:
Explanation:
rather than combating them dont give into or reject them but be yourself and have a good attitude it shows others that group with stereo types that its okay to be an individual.
The money supply curve _____. This shift could be caused by the Federal Open Market Committee's (FOMC's) open-market purchase of Treasury bills.
Answers
Answer:
Shifts right
Explanation:
A rightward shift in the money supply curve indicates its increase. When the FOMC purchases Treasury bills, they purchase these securities with money, thus injecting more money into the economy and increasing the money supply.
quick will give brainliest Bank A has a liquidity ratio close to 30 percent. This ratio will most likely _____.
not affect the bank’s run-off rate
cause a higher than acceptable run-off rate
cause a lower than acceptable run-off rate
Answers
Quick will provide the smartest The liquidity ratio for Bank A is almost 30%. The bank's run-off will probably not be impacted by this ratio.
Quick ratio is a ratio of liquidity?In order to determine a company's ability to meet its immediate financial obligations, analysts and investors use liquidity data called the quick and current ratios.The current ratio is calculated by dividing current liabilities by current assets.The quick ratio only considers highly liquid assets or cash equivalents as current assets.
What is a decent quick ratio?If the company's assets can be turned into cash extremely fast, a ratio of less than 1.5 is less problematic. Although a current ratio of three or four may indicate financial health, it also raises questions about whether a corporation is ineffective at investing the money it does have.
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Which parts of your business are not profitable?
Answers
Answer:
7 Problems Preventing Your Business From Being Profitable
Low prices. Setting prices is one of the first and most important decisions you'll have to make for your business.Too much overhead.Too many ongoing costs.Unseen or hidden costs.Fierce competition.A lack of market awareness. Inconsistency.Indiana Company began a construction project in 2024 with a contract price of $150 million to be received when the prgject is completed in 2026. During 2024, Indiana incurred $36 million of costs and estimates an additional $84 million of costs to complete the project. Indiana recognizes revenue over time and for this project recognizes revenue over time according to the percentage of the project that has been completed. Indiana: Muntiple Choice recognized $36 million loss on the project in 2024. recognized $9 million gross profit on the project in 2024. recognized $6 million ioss on the project in 2024. recognized no gross profit or loss on the project in 2024.
Answers
Indiana Company recognized a $36 million loss on the project in 2024.
Based on the information provided, Indiana Company began a construction project in 2024 with a contract price of $150 million. In the same year, they incurred $36 million of costs related to the project.
Since Indiana recognizes revenue over time according to the percentage of the project completed, the recognition of revenue and expenses is based on the progress made in the project during the year.
Given that Indiana incurred costs of $36 million but did not mention any revenue earned, it suggests that the project did not generate sufficient revenue to cover the incurred costs. As a result, a loss of $36 million was recognized on the project in 2024.
It's important to note that the given information does not provide details about the progress made in completing the project or the specific accounting methods used. Therefore, we can only determine that Indiana Company recognized a loss of $36 million in 2024 based on the incurred costs and the lack of mentioned revenue.
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Estate at Will Definition
Answers
Hope this helps have an excellent day!
When a tenant, the owner, or the landlord has a tenancy-at-will, any of the parties may end it at any moment.
How do holding over and tenancy at will differ from one another?A tenant becomes a tenant by sufferance if, after the lease has ended, he remains in possession without the landlord's permission. A tenant cannot be referred to as a tenant holding over or a tenant at will unless he will continue to live there with the landlord's permission. "
How may a tenant in California be evicted at any time?If a tenant (unwanted house guest) is served with a 30 day notice to quit, the landlord (or owner) in California must comply with the California Civil Code and Code of Civil Procedure in order to end the tenancy at will.
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the first step in the target marketing process is to
Answers
The first step in the target marketing process is to identify and define the target market.
This involves conducting market research to gather information about potential customers and segmenting them based on their characteristics, needs, and preferences. By understanding the specific group of consumers who are most likely to be interested in the product or service, businesses can tailor their marketing strategies and messages to effectively reach and engage this target audience.The first step in the target marketing process is to **identify** the main **keywords**. This involves understanding and defining the specific characteristics and needs of the target market. By conducting **market research** and **segmentation analysis**, businesses can identify key **demographic**, **psychographic**, and **behavioral** variables that influence customer behavior. These **keywords** serve as the foundation for effectively reaching and communicating with the target audience. The process requires thorough understanding of the **marketplace**, including competitors and trends, to **narrow down** the target market and develop a clear **customer profile**. By accurately identifying the main **keywords**, businesses can tailor their marketing strategies and messages to maximize their impact and connect with the right customers.
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