Congratulations you have just graduated from college and are determining what your monthly student loan payments will be. After consolidating all of your loans you have a balance of $18,000. At 8% APR for 10 years what will your monthly payments be?
A) 161.60$
B) 1,866.66
C) 218.39$
D) 1440.14$
Answers
According to the question the Monthly payments is $1,866.66.
What is payment?Payment is the transfer of money from one party to another in exchange for goods or services. It is a method used to settle debts and other financial obligations. Payment can take place in many forms, such as cash, credit and debit cards, checks, and electronic transfers. In today's digital world, payment has become faster, more efficient and more secure than ever before. Companies are now able to offer customers more options for how to pay for goods and services, as well as different ways to process payments. Payment technology has made it easier for businesses to accept payments from customers, while also providing additional security measures to protect against fraud and theft. Payment is essential to the success of any business, and with the right tools and processes in place, companies can ensure that their customers are able to make timely and secure payments.
Monthly payments = (principal * interest rate) / (1 - (1 + interest rate)\(^{-term\))
For your loan, the principal is $18,000,
the interest rate is 8%, and the term is 10 years (or 120 months).
Plugging these numbers into the formula gives:
Monthly payments = ($18,000 * 0.08) / (1 - (1 + 0.08)⁻¹²⁰)
Monthly payments = $1,866.66.
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Related Questions
ms/d/e/1FAIpQLScBc3LOV5pXKGJHOY319ko
4. Use the following to determine your monthly balance for a monthly net 5 poir
income of $2,100. Monthly Expenses of: Fixed $750; living $1,000; Annual
monthly $375*
Answers
Answer:
400
Explanation:
750+1000-2100=450
Martha needs to acquire funds in order to expand her bakery. She does not want to give up control of her business, but her credit score is weak due to the recent foreclosure on her home. What should martha do to acquire these funds?.
Answers
The correct answer is Option C. In order to acquire funds to expand her bakery Martha can issue bonds to willing investors.
In the question, it is stated that Martha has a bakery and she needs to acquire funds in order to expand her bakery. She can not take loans because of her credit score which is weak due to the recent foreclosure of her home. In order to acquire funds, she can sell bonds to the people who are willing to invest in her bakery.
Bonds are financial entities which is a type of security that the investor holds in a business. This is a type of debt that the issuer owes to the investor in their business.
Hence, Option C is the correct answer
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Complete Question:
Martha needs to acquire funds in order to expand her bakery. She does not want to give up control of her business, but her credit score is weak due to the recent foreclosure of her house. What should Martha do to acquire these funds?
a) Issue stock to willing investors.
b) Borrow money from her local bank.
c) Issue bonds to willing investors.
d) She should do all of the above.
Calculate if the company is OVER or UNDER applied in Manufacturing Overhead (MOH) as of year end, given the following: Actual MOH=120,000 at the end of year one. Applied (standard) MOH was booked for $145.000 at the beginning of the year. The Company is OVER applied by $25,000 The Company is UNDER applied by $25,000
Answers
Given the actual manufacturing overhead (MOH) of $120,000 at the end of year one and the applied (standard) MOH of $145,000 booked at the beginning of the year, the company is either overapplied by $25,000 or underapplied by $25,000. The question asks to determine whether the company is overapplied or underapplied in MOH as of year-end.
To determine whether the company is overapplied or underapplied in MOH, we need to compare the actual MOH with the applied MOH.
If the applied MOH is greater than the actual MOH, then the company is overapplied in MOH. In this case, the applied MOH of $145,000 is greater than the actual MOH of $120,000, resulting in an overapplication of $25,000. This means that the company applied more MOH than it actually incurred.
If the actual MOH is greater than the applied MOH, then the company is underapplied in MOH. However, based on the given information, the applied MOH of $145,000 is greater than the actual MOH of $120,000, so the company is not underapplied.
Therefore, in this scenario, the company is overapplied in MOH by $25,000.
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Given the actual manufacturing overhead (MOH) of $120,000 at the end of year one and the applied (standard) MOH of $145,000 booked at the beginning of the year, the company is either overapplied by $25,000 or underapplied by $25,000. The question asks to determine whether the company is overapplied or underapplied in MOH as of year-end.
To determine whether the company is overapplied or underapplied in MOH, we need to compare the actual MOH with the applied MOH.
If the applied MOH is greater than the actual MOH, then the company is overapplied in MOH. In this case, the applied MOH of $145,000 is greater than the actual MOH of $120,000, resulting in an overapplication of $25,000. This means that the company applied more MOH than it actually incurred.
If the actual MOH is greater than the applied MOH, then the company is underapplied in MOH. However, based on the given information, the applied MOH of $145,000 is greater than the actual MOH of $120,000, so the company is not underapplied.
Therefore, in this scenario, the company is overapplied in MOH by $25,000.
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The advertising industry was worth how much money in 1920
Answers
Answer:
nearly 3 billon
Explanation:
China's growth rate has___
that of most other countries,___
A. topped, but its real GDP per person declined in 2008–2009.
B. lagged behind, and its real GDP is close to other Asian economies
C. lagged behind; but its real GDP per person is higher than other Asian economies
D. equalled, and its real GDP per person declined in 2008-2009.
E. topped, but its real GDP per person is still lower than other industrialized countries
Answers
Answer: E. topped, but its real GDP per person is still lower than other industrialized countries
Explanation:
China has seen consistent growth for much of the past 20 years which has enabled them to topped the growth rate of most other countries.
Their real GDP per person however, is still lower than other industrialized nations like the U.S. and U.K.
This is due to their large population - largest in the world - making their GDP per person appear smaller despite them having a very substantial real GDP.
Derick wants to purchase an existing business in the service industry. However, he does not want to use the traditional sources of information that entrepreneurs generally use to make the purchase. Which of these statements refers to an alternative source that Derick can use to locate businesses up for sale?
A.
He could hire the services of a business brokerage company.
B.
He could refer to websites that provide such details.
C.
He could contact businesses through details provided in trade magazines.
D.
He could ask his accountants and lawyers if any of their other clients want to sell their businesses.
E.
He could refer to “business for sale” advertisements listed in the classified sections of newspapers.
Answers
Answer:
The answer is D
Explanation:
I got it right on my quiz. :)
Write imaginary stock/investment scenarios
any answered would help, thank you
Answers
As Abigail wishes to invest in the stock of a technology company and at same time has decided to reduce her risk by only investing in a company that pays a dividend with a yield over 1%, i will recommend to her, buying of Apple Inc stock.
What is a Stock?In finance, stock refers to shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares
Apple Stock name: Apple Inc.
Ticker symbol: AAPL
Current share price: $153.71
How many whole share can she buy with $5,000?(Number of shares) = (Amount to invest - Commission) / (Share price per share) = ($5,000 - $10) / $153.71 = $32.4637304 = $32.46.
What is the dividend yield?(Dividend yield) = (Annual dividend per share) / (Share price per share) * 100% = ($0.23 / $153.71) * 100% = 0.00149632425 = 0.15%
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Ali make a profit of $50.00 on a shirt. He bought it for $72.00. How much did Ali sell it for?
Answers
Answer:
$122
Explanation:
Given that Ali bought a shirt and profited from it, we can expect that Ali sold the original shirt for more than its value.
Reselling Price: 72 + 50 = 122
Final Profit: 122 - 72 = 50
profit=50.00
cp=72.00
loss =?
we know that,
profit =cp-sp
50.00=,72.00-sp
72.00+50.00
SP=122
Problem 3: Questions from the 2018 CAFR for the Village of Arlington Heights; page numbers to examine in the CAFR: 27,30,62,68,69,72,116,131,133 , and 154 1. What is the total amount of fund bala
Answers
To determine the total amount of fund balance for the Village of Arlington Heights, specific page numbers need to be examined in the 2018 Comprehensive Annual Financial Report (CAFR).
To obtain the total amount of fund balance for the Village of Arlington Heights, one must refer to the 2018 CAFR and examine the following page numbers: 27, 30, 62, 68, 69, 72, 116, 131, 133, and 154. These pages contain information related to the financial position and fund balances of the village.
By analyzing the financial statements, notes, and supplementary information provided in the CAFR, one can gather the necessary data to calculate the total amount of fund balance. The fund balance represents the difference between the governmental funds' assets and liabilities and indicates the financial resources available for the village's operations and future obligations.
By carefully reviewing the specified pages in the CAFR, including the balance sheet, statement of revenues, expenditures, changes in fund balance, and other relevant sections, the total amount of fund balance for the Village of Arlington Heights can be determined accurately.
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Q Use the drop-down menus to identify which vocabulary terms match the definitions.
1) (Short-term/ long-term ) goals are goals that a person means to accomplish in the near
future, such as in a day, a week, or a month.
2) (Short-term/ long-term ) goals are goals that a person means to accomplish in a longer period of time, such as in a semester, a year, or ten years.
3) Setting a (professional goal/personal goal ) involves determining something in your career that you would like to achieve, such as a promotion, within a set timeframe.
Answers
Answer:
1) → Short-term goals are goals that a person means to accomplish in the near future, such as in a day, a week, or a month.
2) → long-term goals are goals that a person means to accomplish in the near
future, such as in a day, a week, or a month.
3) → Setting a professional goal involves determining something in your career that you would like to achieve, such as a promotion, within a set timeframe.
OAmalOHopeO
Short-term
long-term
professional goal
Eastern Motors Auto Dealership wanted to estimate the average CLV over a 5 year time horizon of a customer who purchases a new vehicle. The average vehicle sells for $25,148 and has a margin of 8%. Based on historical averages, 89 of people buying a new vehicle at Eastern will return for service 7 times over the next 5 years. Though it varies considerably, Eastern generates approximately $96 in margin on each service visit after accounting for parts and direct labor costs.
Not including service, what is the average dollar margin for each new vehicle sold?
Answers
The total estimated CLV over a 5 year time horizon for someone who purchases a new vehicle at Eastern Motors is $2,609.92
Given,
Year time horizon = 5 year
Average vehicle sells for = $25,148
Margin = 8%
So, margin on selling vehicle = Average vehicle selling price * Margin = $25,148 * 8% = $2,011.84
Margin generated by 89% of people who return for service over 5 years = Number of times * Margin generated on each service = 7 * $96 = $672
Total estimated customer lifetime value (CLV) at Eastern Motors = Margin on selling vehicle + (Margin generated by 89% of people who return for service over 5 years * 89%) +
(Margin generated by 226% of people who do not return for service over 5 years * 22%) = $2,011.84 + ($672 * 89%) + ($0 * 22%) = 2,609.92
Hence, the total estimated CLV over a 5 year time horizon for a person who purchases new vehicle at Eastern Motors is $2,609.92
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A student in public administration wants to determine the mean amount members of city councils earn. The error in estimating the mean is to be less than $100 with a 99% level of confidence. The student found a report by the department of labor that estimated the standard deviation to be $1000. What is the required sample size?
Answers
Answer:
663.58
Explanation:
From the problem:
E, the maximum allowable error, is $100
The value of z for a 99 percent confidence level is 2.576
Estimate of standard deviation is $1,000.
n = [(z x s)/ E] ^ 2
n = [(2.576 x 1000) / 100}^2
= 25.76^2
=663.58
What decision did a London Court Reach In this case?
Answers
Answer:
A.
Explanation:
I did B from the person above and got it wrong and it said that A was the answer :)
Answer:
A. The writing of The Da Vinci Code did not violate copyright law.
Explanation:
Right on ED2021, goodluck!
Medicare is a government program funded by tax dollars to:
A-provide health insurance to children in a recount
B-provide health insurance to working adults
C-provide hospital insurance for those over 65
Answers
Answer: C
Explanation: Trust me
At December 31, 2022, Familla Corporation estimates that goods with a selling price of $1,150 and a cost of $500 that were sold on account during the current period will be returned during the next accounting period. Record the entries required to adjust for this information. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answers
The required appropriate journal entries assuming Familla Corporation estimate that goods with a selling price of $1,150 and a cost of $500 that were sold on account are:
Dr Sales return $1,150
Cr Account Receiveble $1,150
Dr Cost of sales return $500
Cr Cash $500
Based on the given information the required journal entries are:
Familla Corporation Journal entries
December 31, 2022
Dr Sales return $1,150
Cr Account Receiveble $1,150
(To record sales return on account)
December 31, 2022
Dr Cost of sales return $500
Cr Cash $500
(To record cost of sales return)
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Match each type of media to the purpose that best suits it.
1. a graph
A. to demonstrate correct form for a dance
2. a video
B. to show the effect of poor eating habits on
the heart
3. a photograph
C. to illustrate the soulful features of jazz
4. a music recording
D. to represent numerical facts on the world
population over the years
Answers
Answer:
music recorecording: to illustrate the soulful features of jazz, a graph:to represents numerical facts on the world population over the years, a photograph:to show the effect of poor eating habits on the heart, video:to demonstrates correct form for a dance.
Explanation:
which of the following is true of the economic picture of contemporary american women?
Answers
The following is true of the economic picture of contemporary American women is that they are more likely to live in poverty than men. This statement is the correct answer to the question:
which of the following is true of the economic picture of contemporary American women?
Explanation: In contemporary American society, women's economic conditions have improved, but they still face difficulties in terms of pay inequality, occupational segregation, and the lack of economic resources. Women are more likely to work in lower-paying jobs, such as teaching and nursing, which have traditionally been female occupations. They also face discrimination in the workplace, which affects their wages, promotion prospects, and overall well-being. While progress has been made, women are still underrepresented in positions of power and leadership in the business world. Despite the fact that women account for over half of the US population and nearly half of the country's labor force, they hold less than a third of senior management positions. Furthermore, women are more likely than men to live in poverty and be economically disadvantaged. The gender wage gap persists, and women's earnings are frequently insufficient to support their families. Although women have made significant strides in terms of labor force participation, earning power, and professional achievement, significant gender-based disparities persist.
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choose the best word or phrase to complete each sentence
Answers
The best word or phrase to complete each sentence is option D. in. There’s no point in staying up all night if your exam is tomorrow. The correct answer is in.
What is a preposition?A preposition is a word that shows relationship between two nouns. Preposition also indicate relationship between the elements of a clause or words. Preposition also indicates position, location and direction. For examples, in, of, at, into, above, over, etc.
Therefore, in the above sentence, preposition 'in' is used to express involvement in an activity.
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There’s no point _________ staying up all night if your exam is tomorrow.
a) On
b) With
c) Of
d) In
with a small market size and low purchase behavior, why would anyone target this as a segment of interest?
Answers
Answer:
The average selling price provides a lot of opportunity.
Explanation:
A producer might target this because an average selling price also provides some opportunity.
The Market Segmentation refers to a process which divides business market which consists of existing and potential customers into various segment traits based on interests, lifestyle, age, and gender etc.
In the question context, the producer segment is on Interest section.In the market which is smaller in size, seller for a product are usually few in numbers.In conclusion, the producer might target the market because its provide some opportunity such getting high profit as a result of rising prices.
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Obi was a successful college athlete who now runs his own business, but his spending for his “image” has gotten him into financial trouble, adding to his student loan debt.
1) Why can't Obi make ends meet on $80,000/year? What are his "blind spots?"
2) Why does Dan Rosensweig say that your personal financial life should be run like a business? What is step one?
3) Why is personal debt so detrimental to someone who is running their own business?
4) How important is it for people to understand how (student) debt works, for example, why paying it down faster is desirable?
5) Do you think it was eye-opening for Obi to write down every dollar he spent for a period of time? Have you ever done that?
6) What lesson did he learn from Ronnie Lott? What did Obi do to demonstrate that he learned something from him?
7) Do you think Obi will be successful? Why?
8) How did you feel about the financial product promotions within the video? Do you think these are useful products for people in similar situations?
Answers
Answer:
The question is so long. I don't know :)
1. With the overwhelming number of media messages that consumers
receive, they find that certain messages attract their attention
and direct them toward the message. These types of messages are
known
Answers
With the overwhelming number of media messages that consumers receive, they find that certain messages attract their attention and direct them toward the message. These types of messages are known as the attention-directed messages.
Attention-directed messages are created in such a way that they attract the consumer’s attention. This can be done through the use of bold, bright, and contrasting colors or with catchy slogans or jingles that stick in the consumer’s mind.
Attention-directed messages are used by marketers to capture their target audience’s attention and encourage them to purchase their products or services.The attention-directed message is a form of marketing communication that is designed to attract the attention of consumers.
This type of message is often used to increase the effectiveness of advertising campaigns by making them more memorable and engaging. The use of attention-directed messages can be seen in many different forms of media, including television commercials, print ads, and billboards.
Marketers use attention-directed messages to encourage consumers to remember their products and services and to make a purchase. The goal is to create a strong brand image and to generate positive associations with the product or service being marketed.
In conclusion, attention-directed messages are a key element of effective marketing communication, and their use can help to increase brand awareness, encourage consumer engagement, and ultimately drive sales.
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You invest $500 in a fund that has shown to have a mean annual increase of $120 per year. If you leave your initial
investment in the account, and invest no additional funds, how much will your account be worth at the end of 25 years?
a) $1,200
b) $2,500
c) $3,500
d) $3,800
Answers
The investment of $500 in a fund, the account at the end of 25 years would be $3,500. The appropriate response is option C.
What is investment?A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person makes an investment, they do not intend to utilize the product immediately; instead, they intend to use it to build wealth in the future.
Stocks, bonds, and cash equivalents are the three main categories into which investments are often divided. Within each category, there are several distinct kinds of investments.
The investment of $500 in a fund, the account at the end of 25 years-
120x25=3000+500=3,500
Hence, option C is an appropriate response.
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Berry company is an architectural firm located in detroit, michigan. the company works with small and medium-size construction businesses to prepare building plans according to the client's contract. the following data are provided for the previous year: number of designs completed and sold 700 designs beginning inventory of direct materials $20,000 beginning inventory of designs in process 60,000 ending inventory of direct materials 10,000 ending inventory of designs in process 100,000 purchases, direct materials 40,000 direct labor 800,000 manufacturing overhead 100,000 administrative expense 150,000 selling expense 60,000 beginning inventory of finished designs 300,000 ending inventory of finished designs 280,000 required: 1. calculate the cost of goods manufactured. 2. calculate the cost of goods sold. 3. assume that the average fee for a design is $2,100. prepare an income statement for berry. 4. conceptual connection: refer to the cost of goods sold (calculated in requirement 2). what is the dominant cost
Answers
The cost of goods manufactured and the cost of goods sold will be $910000 and $930000 respectively.
How to calculate the cost?Begining direct material inventory = 20000
Direct material purchase = 40000
Direct materials available = 60000
Ending inventory = -10000
Direct materials used = 50000
Direct labor = 800000.
Total factory overhead = 100000
Total manufacturing cost= 95000
Begining design = 60000
Ending design in process = -100000
Cost of goods manufactured = 910000
Beginning finished goods inventory = 300000
Ending finished goods inventory = -280000
Cost of goods sold = 930000
The dominant cost in the cost of goods sold is the direct labor cost of $800,000.
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Why is it important to maintain network relationships, even after you have found a job?
a. You never know when you are going to have to find a new job.
b. You can return the favor by helping network members with career advice and job leads.
You will remain informed and connected to people in your field.
d. All of the above
C.
Please select the best answer from the choices provided
ΟΑ
B
С
OD
Answers
Answer:
D (all of the above)
Explanation:
When a person has gotten a job, it is critical to keep network contacts since a person never know when he will need to locate a new career, and he will stay informed and connected to bin his sector.
What is network relationships?Relationship networking is another name for network relationships. It's all about making connections and finding ways for both sides to gain. Like the relationship, networking and partnerships intersect in numerous ways, resulting in economic potential.
Even when a person has gotten a job, it is critical to keep network contacts since you never know when you will need to locate a new career, and he will stay informed and connected to people in the sector.
With the utilization of network ties, an individual might refund the kindness by supplying career counseling and job metals to network members.
Therefore, option D is correct.
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A property is assessed at $64,410. the county tax rate is 8.9 mills per dollar. what would the monthly payment for taxes be to the escrow account? (round to the nearest dollar.)
Answers
The monthly payment for taxes be to the escrow account to $48
$48 Assessed value × tax rate = annual tax amount ÷ 12 = monthly tax amount
8.9 mills ÷ 1,000 = 0.0089 tax rate
$64,410 × 0.0089 = $573.25 annual tax ÷ 12 = $47.77, rounded to $48
What is property?Anything over which a person or a company has legal ownership is considered property. Property can refer to both real objects, like homes, automobiles, or appliances, as well as intangible items with the potential for future value, like stock and bond certificates.
Corporeal property and incorporeal property are the two primary forms of property. Corporeal Property is visible and tangible, but incorporeal Property is not. Additionally, corporeal property refers to the ownership of tangible objects, whereas incorporeal property refers to an intangible right in real estate.
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Segment margin is equal to sales revenue less all costs attributable to a segment that ______. Multiple choice question. is the same thing as contribution margin is calculated as part of a special-order decision includes both direct and common fixed costs includes both variable and direct fixed costs
Answers
Answer:
includes both variable and direct fixed costs
Explanation:
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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NEED HELP!
-The single country with the world's largest GDP is______.
-The member countries of the European Union have about the same GDP as_____.
-Together, these four countries and the European Union have ______ half of the world's total GDP.
.
Answers
Answer:
The single country with the world's largest GDP is the US.The member countries of the European Union have about the same GDP as the US.Together, these four countries and the European Union have more than half of the world's total GDP.✿---✿--❀---❀---✿---✿
hope it helps...
have a great day!!
1
Select the correct answer.
Which risk is a sponsor assuming when buying the naming rights to a stadium or arena?
OA.
Nobody will notice.
OB. The team may not perform well:
OC. The fans of the team may not like the idea.
OD.
People will dismiss the action as pretentious.
Reset
Next
Answers
Answer:
The team may not perform well:
Explanation:
The biggest risk with naming rights is negative news concerning the team. The sponsor's brand name will be associated with the team; any negative team news will impact the brand name.
If a team performs poorly, some customers may associate the team's dismal performance with the brand name. Customers may shy away from the sponsor's products as they distance themselves from dismal performances.
Answer:B
Explanation:i just took the test...
my business i love doing nails if ya'll don't know i love help ya'll nails free
Answers
Hmm......... Nice nice. :)