(Related to Checkpoint 6.1) (Annuity payments) A firm borrows
$40,000
from the bank at
15
percent compounded annually to purchase some new machinery. This loan is to be repaid in equal annual installments at the end of each year over the next
6
years. How much will each annual payment be?
Question content area bottom
Part 1
The amount of each annual payment will be
$enter your response here.
(Round to the nearest cent.)
Answers
The annual payment of year will be $10,569.48 , it is an example of an ordinary annuity because the loan is repaid in equal annual installments at the end of each period .
This is an example of an ordinary annuity because the loan is repaid in equal annual installments at the end of each period (that is, at the end of each year).
The present value of the annuity is P,
and the amount borrowed from the bank is $40,000.
The interest rate is i, which is 15% (compounded annually).
The number of years is n, which equals six.
Let how much every yearly installment be AP.
Evaluating ordinary annuity :P = AP × [ 1 - ( 1 + i ) ⁻ⁿ/i ]
= $ 40,000 = AP × [ 1 - ( 1 + 15 % )⁻⁶ / 15 %
= $ 40,000 = AP × [ 1 - ( 1 + 0.15 )⁻⁶ / 0.15
= $ 40,000 = AP × [ 1 - 0.4323276 / 0.15 ]
$ 40,000 = AP × 0.5676724 / 0.15
$ 40,000 = AP × 3.78448267
AP = $ 40,000 / 3.78448267
$ 10,569.4763 or $ 10,569.48 = AP
Annuity payment :An annuity is a type of investment that can guarantee a retirement income for an individual or their spouse. They are bought for a certain amount of time and pay out a certain amount in retirement, depending on the investment strategy and how much money was invested.
A typical illustration of an annuity due installment is lease paid toward the start of every month. Loans, like mortgages, are one example of an ordinary annuity.
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Related Questions
on what grounds is the Trump administration investigating imposing tariffs on imported automobiles?
Answers
Answer:
The clock has run out on President Donald Trump's "Section 232" tariffs on imports of foreign-made cars and auto parts, after he failed to announce a decision by a self-imposed deadline, trade law experts say.
The U.S. administration may have to find other means if Trump wants to tax European or Japanese car imports, a key part of the U.S. president's pledge to make America's trade relationships more fair, the experts say.
* I ONLY HAVE AN HOUR LEFT*
The relationship between the level of spending and the income earned is :
A)Positive
B)Negative
Answers
Answer:
Positive.
Explanation:
The relationship between the level of spending and the income earned is positive. This implies that there is a relationship in which both indicators run in parallel, so that if income rises, the level of expenses will also tend to rise; While if income falls, the same will necessarily happen with the level of spending.
This occurs for a logical question: the greater the amount of money earned by a person, the greater the amount of money available to him to spend on different goods and services; and vice versa.
An income elasticity less than zero tells us that the good is:
Group of answer choices
A normal good
A Giffen good
An inferior good
An inelastic good
Answers
An income elasticity less than zero tells us that the good is c) an inferior good.
Income elasticity measures the responsiveness of the quantity demanded of a good to changes in income. When the income elasticity of a good is less than zero, it means that the quantity demanded of the good decreases as income increases.
This indicates that the good is an inferior good. Inferior goods are goods for which demand decreases when income increases, as consumers switch to higher-quality substitutes as they have more disposable income.
Examples of inferior goods can include low-quality or generic products, used goods, or products that are considered less desirable as income rises. Therefore, an income elasticity less than zero indicates that the good is an inferior good.
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When a firm is producing at the level of output that maximizes profit which of the following is true
Answers
The primary purpose of a firm is to make "Profit" in the Long-run.
The maximization of profit in a firm occurs at the level of output where the marginal revenue equal to marginal cost \({MR = MC}\).As we know, the goal of a firm is to maximize profits and minimize losses, so a shutdown is immininent if a firm is operating at the level of output where marginal revenue is not equal or lesser that marginal cost.In conclusion, firm kept expanding its production capacity as long as its Marginal Revenue is greater than Marginal Cost \({MR > MC}\) but this changes when marginal revenue is equal to marginal cost \({MR = MC}\).
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Answer:
Marginal revenue is equal to marginal cost
during the 1980's, the price of one share of Johnson and Johnson stock rose from $17 1/4 to $56 1/8. how much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?
Answers
Given:
Price of one share in 1980 = $\(17\dfrac14\)
Price of one share in 1989 = $\(56\dfrac18\).
To find:
How much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?
Explanation:
Using the given information,
Change in the value of each share = \(56\dfrac18-17\dfrac14\)
= \(\dfrac{448+1}{8}-\dfrac\dfrac{68+1}{4}\)
= \(\dfrac{449}{8}-\dfrac\dfrac{69}{4}\)
= \(\dfrac{449-138}{8}\)
= \(\dfrac{311}{8}\)
Value of one share increased by $\(\dfrac{311}{8}\).
Value of 100 shares increased by = \(100\times \dfrac{311}{8}\)
= \(\dfrac{31100}{8}\)
= \(\dfrac{7775}{2}\)
= \(3887.5\)
Therefore, you would have made $3887.5 if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989.
Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. What is Keisha’s net worth?
$88,700
$91,700
$292,700
$496,700
Answers
Answer:
$88,700
Explanation:
Given:
Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.
She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.
Hence, The net worth of Keisha is $88,700
Answer:
Answer:
$88,700
Explanation:
Given:
Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.
She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.
Hence, The net worth of Keisha is $88,700
Explanation:
1.research all entry level of position of hotel 2.job description
3.job title
4.job summary
5.job responsibility
please help me please help due date na nito bukas
Answers
Answer: Please Rate + Thank + Brainliest
Explanation:
Sure, I can help you with that! Here's some information on entry-level positions in hotels, including job descriptions, job titles, job summaries, and job responsibilities:
Entry-Level Positions in Hotels:
Front Desk Clerk/ReceptionistHousekeeping StaffFood and Beverage Server/AttendantMaintenance Worker/TechnicianPorter/BellhopJob Description:
Front Desk Clerk/Receptionist: responsible for checking guests in and out, answering phone calls and emails, making reservations, and handling customer inquiries and complaints.Housekeeping Staff: responsible for cleaning guest rooms, common areas, and public spaces, replenishing supplies, and reporting any maintenance issues to the appropriate department.Food and Beverage Server/Attendant: responsible for taking food and beverage orders, serving guests, setting up and cleaning dining areas, and handling payment transactions.Maintenance Worker/Technician: responsible for performing routine maintenance tasks, such as repairing equipment and fixtures, painting, and cleaning.Porter/Bellhop: responsible for helping guests with their luggage, directing them to their rooms, and providing information about the hotel and its amenities.Job Titles:
Front Desk Clerk/ReceptionistHousekeeping StaffFood and Beverage Server/AttendantMaintenance Worker/TechnicianPorter/BellhopJob Summary:
Front Desk Clerk/Receptionist: Provide excellent customer service to guests, check guests in and out, and handle guest inquiries and complaints.Housekeeping Staff: Ensure the cleanliness and comfort of guest rooms and public spaces, report maintenance issues to the appropriate department, and replenish supplies as necessary.Food and Beverage Server/Attendant: Provide excellent customer service, take food and beverage orders, serve guests, and handle payment transactions.Maintenance Worker/Technician: Perform routine maintenance tasks, repair equipment and fixtures, and keep the hotel in good condition.Porter/Bellhop: Provide assistance to guests with their luggage, direct guests to their rooms, and provide information about the hotel and its amenities.Job Responsibilities:
Front Desk Clerk/Receptionist:Check guests in and outHandle phone calls and emailsMake reservationsHandle guest inquiries and complaintsHousekeeping Staff:
Clean guest rooms and public spacesReport maintenance issues to the appropriate departmentReplenish supplies as necessaryFood and Beverage Server/Attendant:Take food and beverage ordersServe guestsSet up and clean dining areasHandle payment transactionsMaintenance Worker/Technician:
Perform routine maintenance tasksRepair equipment and fixturesKeep the hotel in good conditionPorter/Bellhop:
Provide assistance to guests with their luggageDirect guests to their roomsProvide information about the hotel and its amenitiesI hope this helps!
What type of federal funding is free money, but is based
on financial need only?
A.Federal grants
B.All federal scholarships
C.The 529 Plan
D.None of these are correct
Answers
Answer:
Try A. Federal Pell Grant
Answer:
answer : b
Explanation:
cauise
Interdependence results from:
Answers
Answer:
promotive interactionExplanation:
Positive interdependence (cooperation) results in promotive interaction where individuals encourage and facilitate teammates' efforts to complete the task. Negative interdependence (competition) encourages contrient interaction where team members work to oppose or block the success of others on their team while working to further their own, individual goals.
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A computer game that can be purchased online and played right away has good _____utility.
A. Form
B. Information
C. Value
D. Time
Answers
What term describes the method of doing business by which a company sustains itself?
Answers
The term that describes the method of doing business by which a company sustains itself is known as a business model.
A business model refers to the strategy that a company uses to generate revenue and make a profit from its operations. It describes the value a company provides to its customers, how it delivers that value, and how it monetizes it.
There are various types of business models, including direct sales, subscription, freemium, advertising-based, and franchise. Each model is suited to different types of businesses and markets, and no single model is best for all companies. Companies need to choose a business model that aligns with their goals, values, and competitive advantages in the market. Companies that are successful in sustaining themselves over time often have a well-defined business model that enables them to adapt to changing market conditions and maintain a competitive edge.
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Helpp plz Calculate this mortgage payment.
Answers
By law, an accountant must hold a CPA designation in order to
?
Answers
Answer:
The CPA designation isn't required to work in corporate accounting or for private companies. However, public accountants—which are individuals working for a firm, such as Deloitte or Ernst & Young, that provides accounting and tax-related services to businesses—must hold a CPA designation.
Explanation:
Answer:
Prepare audited or reviewed financial statements.
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You are ordering $210 of goods from a vendor. The vendor offers a 3% (only
on the goods) discount if you pay your bill in 30 days. Assume that you will
take advantage of this discount. Shipping is $12.95. What is the total
amount of this order?
Answers
Answer:
$216,65
Explanation:
$210(price for the goods) * 0,03(3% discount) = $6,3(amount of the discount)
$210(price for the goods) - $6,3(amount of the discount) = $203,7(total amount without shipping)
$203,7(total amount without shipping) + $12,95(shipping) = $216,65(total amount)
A seller has listed a home with a broker for $112,000. The seller is leaving for a 45-day cruise midway through the listing period, and authorizes the broker through a limited power of attorney to accept any offer of all cash at a price of $108,000 or more pending his return. The broker receives an offer for $110,000 all cash. The broker:____________
a. Must forward the offer to the seller's attorney for consideration
b. May not accept the offer until the seller returns
c. May sign a deed of conveyance if the seller does not return on time.
d. May accept the offer
Answers
Midway through the listing period, the seller leaves for a 45-day cruise. The broker is permitted to accept any offer by the seller under a limited power of attorney.
In a contract for an option, who is the buyer?The call option buyer has the option, but not the duty, to purchase the specified number of shares at the strike price. Conversely, buyers have the option but not the responsibility,
What is the term for the agreement between the buyer and seller?A sales agreement is a contract outlining the parameters of an exchange between a buyer and a seller. A sales agreement contract or a sale of products agreement are other names for it.
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according to the proposed guidelines for the use of instruction, modeling, and physical guidance, what behavioral principle is used with all three procedures?
Answers
Positive reinforcement, fading, and shaping are those behavioral principles used with all three procedures according to the proposed guidelines for the use of instruction, modeling, and physical guidance.
The idea behind positive reinforcement is that by reinforcing desired actions in pupils, they will be more likely to behave in accordance with our expectations. If a behavior is reinforced, it will probably continue over time. According to behaviorism, all behaviors are acquired through interactions with the environment. According to this learning theory, environmental variables such as upbringing have a far less important role in determining behavior than intrinsic or inherited traits.
Situational inducement is the process of changing behavior by utilizing circumstances and situations that have previously exerted power over it. Exercise keeps you physically and psychologically well; the more you exercise, the more benefits you receive. Regular physical activity for adults can lower the risk of, or assist in managing cardiovascular disease.
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an online survey or _____?
Answers
Answer:
Study
Explanation:
telephone solicitations, mail, infomercials, catalogs, and e-mails can all be considered part of
Answers
Telephone solicitations, mail, infomercials, catalogs, and e-mails can all be considered part of Selling.
Selling is a two-way conversation between a buyer and a seller intended to sway the buyer's choice to buy. This can include infomercials, catalogues, telemarketing calls, postal solicitations, and emails.
A phone call that serves as an ad is referred to as a telephone solicitation. However, under FCC regulations, some phone solicitations are allowed, such as those made with your express consent, by or on behalf of a tax-exempt non-profit organisation, or from a person or organisation.
Telesales may be a highly lucrative method to start a sales career with a little bit of skill and technique. We've included some of the greatest advice and strategies for making your sales calls effective, pleasant, and—most importantly—profitable in this post.
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Warren peace bookstore issues a note with no stated interest rate in exchange for a building. in accounting for the transaction:
Answers
Answer:
the options are missing, so I looked for them.
the options are:
The note is recorded at its face amount unless the fair value of the building is readily available. The building should be depreciated over the note’s term to maturity. Both the note and building are recorded at the fair value of the note or the fair value of the building, whichever is more clearly determinable. If fair values of the note and building are unavailable, the note should be recorded at its face amount.The correct answer is:
4. If fair values of the note and building are unavailable, the note should be recorded at its face amount.
Ray lends $3,500. 00 $ 3,500. 00 to aron at a simple interest of 15% 15 % per year. Aron returned him $3,000. 00 $ 3,000. 00 and a watch after 2 2 years to clear the account. What is the price of the watch?.
Answers
The price of the watch, given the simple interest on the loan from Ray to Aron, is $ 1, 550
How to find the price of the watch?The price of the watch would be the amount that when added to the $3, 000 that was paid back, would complete the repayment of the debt of $3, 500 from Ray.
First, find the total amount to be paid back:
= Loan amount + ( Loan amount x simple interest x number of years )
= 3, 500 + ( 3, 500 x 15 % x 2 )
= $ 4, 550
The value of the watch is:
= Total to pay back - Amount brought in cash
= 4, 550 - 3, 000
= $ 1, 550
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What is the term for a legally-binding document outlining the terms and conditions of a business transaction?
Answers
Answer:
A contract.
Explanation:
a company that is at a disadvantage in the marketplace because it lacks competitively valuable resources possessed by rivals
Answers
A company that is a disadvantage in the marketplace because it lacks the competitively valuable resources possessed by rivals to undertake efforts to develop a distinctive competence. Option C is correct.
When a company is at a disadvantage in the marketplace because it lacks competitively valuable resources possessed by rivals, it may be tempting to abandon certain strategy elements or adopt a new competitive strategy.
A better approach would be for the company to undertake efforts to develop a distinctive competence, which is a unique strength or advantage that sets the company apart from its competitors.
This may involve investing in research and development, acquiring new resources or skills, or reorganizing the company to better leverage its existing strengths.
By focusing on developing a distinctive competence, the company can create a sustainable competitive advantage that will help it succeed in the marketplace over the long term.
Hence, C. undertake efforts to develop a distinctive competence is the correct option.
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--The given question is incomplete, the complete question is
".A company that is a disadvantage in the marketplace because it lacks competitively valuable resources possessed by rivals A)should adopt a new competitive strategy that might better match the circumstances of the marketplace. B)should abandon strategy elements that have caused its weakness in the marketplace. C)undertake efforts to develop a distinctive competence. D)is virtually blockaded from using offensive strategies and must rely on defensive strategies"--
when we speak of the fed 's responsibility to supervise member banks, we are saying that the
Answers
When we speak of the fed 's responsibility to supervise member banks, we are saying that. according to the federal system, the promote the banks safety and the bank's member safety.
The federal system is the system in which national government of the U.S. within a fed district and the system in which federalism is controlled by the levels of government.
The federal stability regarding the action and coordination, preparing the reports, analysis the financial report regarding the stability and co-operation on the financial stability.
The main objective of the federal concerning about banks supervision that fosters stability in the financial market and regulation under its jurisdiction.
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This document shows that you are allowed to work in the United States:
a. cover letter
b. résumé
c. job application
d. work permit
Answers
Answer:
d. work permit
Explanation:
The work permit is also referred to as the Employment Authorization Document or EAD. A work permit has the same design as a driver's license. It is issued by US Citizenship and Immigration Services (USCIS).
Foreigners coming into the US need to obtain a work permit to enable them to seek employment. The work permit card is presented to potential employers as proof that a person is duly authorized to work in the USA.
Answer:
D. Work permit
Explanation:
Did the quiz
Question in attachment
Answers
When a profit-maximizing firm in a monopolistically competitive market is producing the long-run equilibrium quantity, Group of answer choices its average revenue will equal its marginal cost. its marginal revenue will exceed its marginal cost. it will be earning positive economic profits. its demand curve will be tangent to its average total cost curve.
Answers
Answer:
The correct answer is the last option: Its demand curve will be tangent to its average total cost curve.
Explanation:
To begin with, in the microeconomics theory the "monopolistically competitive" market is refered to that one whose main characteristics reside in the same as the perfect competition but with the major difference of exisiting the differentiation of the product or service in the market, so for that reason the competition is basically stimulated by the publicity and other factors that will differentiate their product against the other ones. Moreover, due to the short run equilibrium and therefore to the obtanining of big economic profits from part of every company in the market then more other companies will enter and once that happens then the profits of everybody will decrease. And that in the graphic has it major difference with the average total cost curve being tangent to the demand curve, which do not happen in the short run.
outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
In acceptance sampling, if the sample passes inspection then: a.The full order is accepted. b.The remaining items in the order are subjected to inspection. c.The order is returned to the supplier d.A supplier can hit 100% quality levels e.The inspected items are returned to the supplier
Answers
In acceptance sampling, if the sample passes inspection then option a. The full order is accepted.
Acceptance sampling is a quality control technique used to determine the quality of a batch of products or materials by inspecting a small sample.
The answer to what happens next depends on the acceptance sampling plan that is being used.
This is one possible outcome of an acceptance sampling plan. If the sample is representative of the entire order and passes inspection, then the full order can be accepted without any further inspection. However, this outcome is not always the case.
Therefore, the correct option is Option a: The full order is accepted
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Pqs reported equipment tk. 50,000 and tk. 35,000 respectively as on december 31, 2020, and december 31, 2019. the corresponding accumulated depreciation was tk. 12,000 and tk. 8,000. during 2020, pqs sold a piece of equipment for tk. 5,000 (associated accumulated depreciation was tk. 3,000) resulting in a loss of tk. 2,000. determine the following amounts for 2020. (a) depreciation expense. (b) equipment purchase.
Answers
The following amounts (Depreciation Expense and Equipment Purchase) for 2020 reported by Pqs are:
a) Depreciation Expense for the year is tk. 7,000.
b) Equipment Purchase for the year is tk. 25,000.
How is the depreciation Expense determined?The depreciation expense is the difference between the current year's accumulated depreciation and last year's accumulated depreciation.
The above holds when there is no disposal. However, with disposal, the value of the accumulated depreciation for the sold item should be factored into the computation.
Data and Calculations:December 31, 2020 December 31, 2019
Equipment tk. 50,000 tk. 35,000
Accumulated Depreciation tk. 12,000 tk. 8,000
Sale of equipment during 2020 = tk. 5,000
Accumulated Depreciation of sold equipment = tk. 3,000
Loss from the sale of the equipment = tk. 2,000
Cost of equipment = tk. 10,000 (5,000 + 3,000 + 2,000)
Increase in Accumulated Depreciation (Depreciation Expense) = tk. 7,000 (12,000 - 8,000 + 3,000)
Equipment purchase = tk. 25,000 (50,000 - 35,000 + 10,000)
Thus, the Depreciation Expense for the year is tk. 7,000 while the Equipment Purchase for the year is tk. 25,000.
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Liz just completed a Client Needs Assessment and her client
confirmed that he will require profitability tracking, and need to
create budgets and purchase orders in his accounting solution.
Answers
Answer:
QuickBooks Online Plus
The question and multiple-choices
What is the minimum QuickBooks Online version suitable for Liz's client?
QuickBooks Self-Employed QuickBooks Online Simple Start QuickBooks Online Essentials QuickBooks Online Plus QuickBooks Online Advanced PreviousExplanation:
QuickBooks Online Plus is an advanced feature that small business requires to make better management decisions pertaining to their business. The needs of Liz's client of tracking profitability and the need to create budgets can be meet by installing QuickBooks Online Plus.
Other features of QuickBooks Online Plus include
Keep track of financial records, such as invoices and statements.Update and reconcile payments automatically.Generate accurate estimates and convert them into invoices.Estimate project profitability by taking into account cost factors such as labor and job cost expenses. Automate workflows with rule-based reminders