John wants to apply for a loan, with a Present Annuity due value of $3,500,568. 78 from a bank that charges 14. 28 % interest per annum, compounded monthly. If he can only be able to pay back $43,367. 21 per annum at the beginning of each year, When will John fully pay all of his debt to the bank?.
Answers
Based on the present value of the loan and the relevant interest rate, the time it would take to pay off the debt is 21 years.
First convert the interest rate to a monthly rate:
= 14.28% / 12
= 1.19%
To find the number of months it would take, use the NPER function in Excel as shown in the attachment.
The Number of periods is therefore 252 months.
In years this is:
= 252 / 12
= 21 years
In conclusion, it would take 21 years to pay off.
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Related Questions
PLEASE PLEASE PLEASE HELP !!
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Answer:
box 1 box 3 and box 5 try that of not im sorry
A customer owns an ABC Call option. ABC declares a dividend for shareholders on record July 5th. The last day to exercise the option and get the dividend is: A June 30th B July 1st C July 2nd D July 3rd
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Based on the information given, the last day to exercise the option and get the dividend is D. July 3rd.
A dividend simply means the distribution of profits by a corporation to the shareholders. It's simply the profit shared with them.
Since the customer owns an ABC Call option and ABC declares a dividend for shareholders on record July 5th, then the last day to exercise the option and get the dividend is July 3rd.
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A company reports on the cash basis. During the company's first year of business, it had sales on account of $1,000,000, inventory purchases on account of $400,000, and other expenses of $200,000. At the end of the year, the company had accounts receivable, inventory, and inventory related accounts payable of $100,000, $10,000, and $50,000, respectively. What is the company's cash-basis income for its first year of operations
Answers
Based on the information given the company's cash-basis income for its first year of operations is $350,000.
First step
Net sales revenues =Sales - Account receivable
Net sales revenues= $1,000,000 - $100,000
Net sales revenues = $900,000
Second step
Net expenditure on purchases =Inventory purchases - Account payable
Net expenditure on purchases =$400,000 - $50,000
Net expenditure on purchases = $350,000
Third step
Cash-basis income =Net sales revenues - Net purchases expenditure - Other expenses
Cash-basis income= $900,000 - $350,000 - $200,000
Cash-basis income= $350,000
Inconclusion the company's cash-basis income for its first year of operations is $350,000.
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Yolanda owns a custom curtain business. One of her suppliers brings her a delivery of decorator fabric on the 1st of each month, which she can pay for at anytime during that month. If she pays for the fabric by the 15th of the month, her supplier gives her a 10 percent discount off the cost. Which short-term liability does this scenario best describe
Answers
The short-term liability in the scenario is BEST described as E. a trade credit.
Trade credit involves the extension of the payment date for a business transaction. The 10% discount offered by the supplier to Yolanda's curtain business within the discount period of 15 days is a financial inducement to enable Yolanda to pay on time.
Thus, within the credit period, the short-term liability that Yolanda's business bears is known as a trade credit, not an account receivable, a line of credit, a factor, or a loan.
Answer Options:
A. an account receivable
B. a line of credit
C. a factor
D. a loan
E. a trade credit
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Coin dealers, precious metals dealers, and some banks sell gold bullion in amounts ranging from _____ grams to 500 ounces or more.
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Based on financial management, Coin dealers, precious metals dealers, and some banks sell gold bullion in amounts ranging from 5 grams to 500 ounces or more.
What is gold bullion?Gold bullion is generally refined gold with an excellent standard of elemental purity. The current standard practice in selling gold bullion range from 5 grams to 500 ounces or more.
Example of Gold bullionSome gold bullion made entirely of gold include the following:
BritanniaCanadian Maple LeafAmerican Buffalo, etc.Hence, in this case, it is concluded that the correct answer is 5 grams.
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Find the tax percentages for each type of tax on your pay stub and insert them here. Then, press the calculate button when you’re ready. FEDERAL % of $1,560.00 FICA MEDICARE % of $1,560.00 FICA SOCIAL SECURITY % of $1,560.00 STATE % of $1,560.00
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Answer:
including with gst ????
the tax cut will have a larger impact on aggregate demand in the economy with the .
Answers
The larger impact will be felt on aggregate demand in the economy and the Larger MPC when there is tax cut.
Tax cuts refers to when there is reduction in tax payment along with the government revenue.
The main reason for Tax cuts is to decrease the income of government and to increase the income of tax payers.In conclusion, the larger impact will be felt on aggregate demand in the economy and the Larger MPC when there is tax cut.
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what country is home to the world’s oldest continuously-operating business?
Answers
Answer:
Japan is the home to the worlds oldest operating Bush
Why do you think Zappos offers a $2,000 incentive to quit?
Answers
Answer:
Explanation:
Is there more to the question?
Students at a major university must go through several registration steps. Officials have observed that it is typically the case that the waiting line at the fee-payment station is the longest. This would seem to suggest that the fee-payment station is the ___________ in the student registration process. Multiple Choice capacity cushion first station bottleneck economy of scale diseconomy of scale
Answers
Answer:
bottleneck
Please give Brainliest answer if this has helped!
Explanation:
A bottleneck can be illustrated as a situation that causes a delay in a process. The waiting line at the fee payment station exists very long and this controls the smooth sailing of the registration procedure therefore it comprises a bottleneck.
What is a bottleneck in machine learning?The bottleneck in a neural network exists only in a layer with more irregular neurons than the layer below or beyond it. Maintaining such a layer enables the network to condense segment expressions (of salient features for the target variable) to the most suitable fit in the available space.
A bottleneck can be illustrated as a situation that causes a delay in a process. The waiting line at the fee payment station exists very long and this controls the smooth sailing of the registration procedure therefore it comprises a bottleneck.
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What does the phrase "like animals escaped from their caves" imply about the sun's impact on the children? (Paragraph 60)
A
The sun makes the children violent.
B
The sun makes the children feel free.
C
The sun turns the children against each other.
D
The sun causes the children to understand Margot.
Answers
This question is about the phrase "Like animals escaped from their caves".
This phrase refers to the impact of sun on children. Children are innocent and they want to enjoy their life. They do not have worries of life.
They are free from stress. If weather is rainy or snowy it may hinder children from going out.
Children will have to stay inside their house due to bad weather conditions so they will loose their creativity.
The Phrase "Like animals escaped from their caves" means sun will compliment children to play and go outside.
The correct answer is B. The sun makes the children feel free.
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bounded rationality is an idea in behavioral economics in which individuals are limited in their ability to make decisions. this leads to outcomes that differ from the outcomes predicted by traditional economic theory. which of the following would best describe an individual limited by ""bounded rationality""?
Answers
Bounded rationality simply means an idea that has to do with the fact that people are limited in their ability to make decisions.
You didn't provide the options. Therefore, an overview of the topic will be given. Bounded rationality means the way individuals make decisions that is different from perfect economic rationality.
An example of bounded rationality is when ordering at a restaurant and the customer makes suboptimal decisions because the customer was rushed by the waiter.
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what does it mean when the fed raises interest rates
Answers
——> When the Fed raises the federal funds target rate, the goal is to increase the cost of credit throughout the economy.
An advantage of water transportation over road transportation was that a. canals made Philadelphia the center of commerce for midwestern trade. b. canals cost less to construct than roads. c. canal construction was easier to do than road construction. d. the federal government preferred to fund canal projects over road transportation. e. canals increased the speed of commerce over long distances.
Answers
The advantage of the water transportation over road transportation was that water transportation was faster than road transportation.
Water transport refers any form of transport that takes places on body of water. This is very effective because there are usually no hindrance to vessel movement on sea, ocean, rivers etc
The road transport entails the form of transport that take place of the road.Hence, the advantage of the water transportation over road transportation was that water transportation was faster than road transportation.
Therefore, the Option F is correct.
Missing option include "F. water transportation was faster."
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what is represented by the distance between two vertical white gridlines on this graph?
Answers
The information which is represented by the distance between two (2) vertical white gridlines on the graph in the image attached is: a time span of 50 years.
A graph can be defined as the graphical representation of data (information) on both the horizontal and vertical lines, which are x-axis and y-axis respectively.
In this scenario, the x-coordinates is used to represent time in years ranging from 1500 to 2050.
On the other hand, the y-coordinates is used to represent the total population in billions.
From the graph, we can deduce that each point of the vertical white gridlines with respect to another represent a time span of 50 years.
For example:
[tex]Time\;span = 1950-1900[/tex]
Time span = 50 years.
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Allan borrowed $4200 from his father to buy a car. He repaid him after 4 months with interest of 7% per year. Find the total amount he repaid.
Answers
The total amount Allan repaid is $4,297
Allan borrowed $4200
He repaid it after 4 months
The interest incurred is 7%
The total amount Allan can be repaid can be calculated by multiplying the amount he borrowed by the number of months and interest
= 4,200 × (1 + 7/100 × 4/12)
= 4,200 × (1 + 0.07×0.333)
= 4,200 × (1+0.0231)
= 4,200 × 1.023
= 4,297
Hence the total amount he repaid is $4,297
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A grid-based layout commonly used in website design is called what?
A. Rebus
B. Mondrian
C. Circus
D. Sihouette
Answers
A grid-based layout that is commonly used in the design of a website is called: B. Mondrian.
A website can be defined as a collective name that is used to describe series of webpages that are linked together with the same domain name. Also, all website are hypertext markup language (HTML) documents that contains codes, tags, image, audio, and video files, inserted to make them responsive and interactive with end users.
In Web design, a grid serves as an underlying structure upon which the layout of a website is built. The most commonly used grid-based layout for the design of a website is called Mondrian.
Mondrian is a grid-based layout that can be used to divide spaces on a website into clear sections, in order to enable the smooth navigation and transition of webpages and its contents.
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to implement the marketing concept, a firm must first
Answers
Answer:
obtain information about its customers' needs
Explanation:
You must know what your customers' needs are before you try to satisfy them.
A local butcher and a worker at a cereal factory both work in what Agriculture, Food, and Natural Resource pathway?
Agribusiness Systems
Food Products & Processing Systems Animal Systems
Natural Resources Systems
Answers
The Food Products & Processing Systems is the department in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.
The food products $ processing systems is a department in the Food, and Natural Resource
The department is responsible for tasks including:
Bulk food production Development of ways to process, package or store food etcIn conclusion, the Food Products & Processing Systems is the pathway in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.
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If Kevin is currently insured under Leroux for his medical insurance under Plan A, how will the proposed changes affect his health care costs? a. Costs for regularly scheduled health care will go down, but Kevin may end up paying more if he finds himself seriously ill or injured. B. Costs for regularly scheduled health care will go up, but Kevin will probably pay less than he would have if he finds himself seriously ill or injured. C. Both the cost for regularly scheduled health care and the cost for emergency health care will go down, making the changes very good for Kevin. D. Both the cost for regularly scheduled health care and the cost for emergency health care would go up, contradicting the intentions of Leroux Insurance.
Answers
Considering the case, of Kelvin, if he currently insured under Leroux for his medical insurance under Plan A, then, Costs for regularly scheduled health care will go down, but Kevin may end up paying more if he finds himself seriously ill or injured.
What is health insurance?
Health insurance can be regarded as the type of insurance that cover hospital visits as well as prescription drugs and wellness care.
Most health insurance do cover some other range of services such as cosmetic procedures and beauty treatments.
Since, Kelvin is currently insured under Leroux, then Costs for regularly scheduled health care will go down.Learn more about health insurance at:
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Answer:
A!!!!!!!
Explanation:
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Why does Staples participate in Anti-Money Laundering Compliance?
To improve business performanceTo prevent illegal activity and terrorismTo prevent fraud
Answers
The main reason why Staples participates in Anti-Money Laundering Compliance is to prevent illegal activity and terrorism
Based on the given question, we can see that money laundering is a federal offense which is punishable by law and is aimed at preventing money fraud whereby large sums of (illegal) money are moved from one place to another, usually to finance other illegal activities.
With this in mind, Staples which is a US Online Store which sells business essentials such as computers, printing services, etc engage in the Anti-Money Laundering Compliance so as to prevent illegal activity and terrorism
Therefore, the correct answer is option B
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Which of the following is a characteristic of an unstructured interview? a. Conducted by a professional interviewer b. Focuses on factual information c. Common in small businesses d. Limited information on the interviewee's personality Please select the best answer from the choices provided A B C D.
Answers
Unstructured Interviews are common in small businesses. Option C is correct.
What is an Unstructured Interview?It refers to an interview in which the questions are not prearranged by the interviewer that is to be asked to the respondents. Unstructured interviews are more casual and unrehearsed than structured interviews in which prearranged, standardized questions are asked. This provides free-flowing conversation on respondents' personal qualities and knowledge related to relate to the work.Since in small companies, the work areas of employees are wider than the big corporate.
Therefore, unstructured Interviews are commonly used in small businesses to get a deeper understanding of respondents' personal qualities related to work.
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Answer:
it c
Explanation:
yw
What are some risks of adding a new product?
Answers
Answer:
the product could not sell
the product could be poorly received/rated
the product could put your company into debt
if the product got bad reviews that looks bad for your business
Explanation:
what are the 4 hierarchical tiers of information in an ipv4 address?
Answers
The 4 hierarchical tiers of information in an ipv4 address include the following:
NetworkSubnetHost componentsBased on the given question, we can see that the ipv4 address has to do with the networking components of a system and how they are used in the rerouting of data across a network.
With this in mind, they have hierarchical tiers of information which includes the network that is used, the subnet masking, and the host components.
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Which of the following expressions is equal to the total investment of a no-load mutual fund? a. Net assets Ă· number of shares b. Net asset value Ă· number of shares c. Net asset value x number of shares d. Offer price x number of shares.
Answers
The answer choice which is equal to the total investment of a no-load mutual fund is:
C. Net asset value x number of sharesAccording to the given question, we are asked to state the answer choice which is equal to the total investment of a no-load mutual fund and how this affects the market shares.
As a result of this, we can see that in a no-load mutual fund, there has to be the net asset value which is multiplied by the number of shares which a person currently holds and is equal to the total investment made.
With this in mind, a net asset is the total assets which a company has after the liabilities have been removed.
Mathematically, it is calculated by making an addition of the total fixed assets plus the total current assets minus the total liabilities.
Hence, the total investment of a no-load mutual fund is found by the net asset value multiplied by the number of shares.
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what is quality management
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6. In 1996, the average house price in the UK was about $75,000. By 2007, prices had risen to around $190,000. This increase in prices had been fueled by rising incomes and cheap loans.
a) Draw a demand and supply diagram to show what caused house prices to rise between 1996 and 2007.
b) There is an improvement in technology in the housing industry. Draw a diagram to show the effect this would have on house prices.
Answers
Please find attached the required diagrams.
As a result of the rising incomes and cheap loans, the demand for houses would increase. This would cause an outward shift of the demand curve. As a result, equilibrium price and quantity of houses would increase.
An improvement in technology in the housing industry would lead to an increase in the supply of houses. This would lead to an outward shift of the supply curve. Equilibrium price would reduce and equilibrium quantity would increase.
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how long will the increase in food stamps last in alabama 2021
Answers
Based on the latest information released by the Alabama government, the increase in food stamps would last in 2021, "when the target of 500,000 children has been met."
Food Stamps in Alabama 2021As a result of the coronavirus pandemic, the state government of Alabama, like many other states government in the United States, is giving out food stamps to people.
However, the rolling out of these current food stamps will last until after the target has been met, which is "500,000 children."
The food stamps benefit totaled $180 million.
Hence, in this case, it is concluded that the correct answer is "when the target of 500,000 children has been met."
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On November 2, Kasdan Company has cash sales of $6,000 from merchandise having a cost of $3,600. The entries to record the day's cash sales will include:
Answers
Answer:
$3,600 credit to Inventory. (C)
Explanation:
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what is a public enterprise?
answer the question ✌
Answers
Public Enterprise is a business organization partly owned by the state and controlled through a public authority.
Types :
Government companies Departmental undertakingsStatutory CorporationsExamples :
State Bank of IndiaOil & Natural Gas Corporation