The spinning upper works and fixed shall have a minimum distance of 10 feet with encroachment protections.
A mobile crane is what?
Mobile cranes are an important piece of machinery that are pulled by cables and pulleys and installed on a prime mover. Their layout makes it easier for them to get to and from various locations. They often don't take much work to assemble or set up.
Essentially, the crane moves a boom from which a hook is suspended by a wire rope. The wire ropes are then moved by the prime mover.
As the years pass, more and more varieties of mobile cranes are produced, each with a unique use and a number of benefits over fixed cranes. These cranes' main benefits are that they are simple to use.
to know more about mobile cranes
https://brainly.com/question/20488223
#SPJ4
Read the following descriptions. Decide who demonstrates good habits and attitudes.
Michael likes his job. He decides to take a few finance classes so that he becomes better at his job. This will also help in case he wants to transfer to a new position in the same company.
Bryan thinks he has the best job. He thinks he is already doing the best he can and doesn't do anything to improve his skills.
Answer:
Michael demonstrates good habits and attitude
Explanation:
Michael likes his job and takes the initiative to do better so he can get a new position,however Bryan is very cocky and doesn't try to get better.
Which of the following statements about the size and growth of the federal bureaucracy are accurate?
a) The federal workforce has nearly doubled because of programs like health care and education reform.
b) Several recent presidents have made a point of campaigning against the size of the federal workforce.
c) Although the federal workforce has stayed relatively the same in numbers, it has grown as a percentage of the population.
d) The federal civilian workforce has decreased over the last 60 years.
D The federal civilian workforce has decreased over the last 60 years.
B Several recent presidents have made a point of campaigning against the size of the federal workforce.
The term bureaucracy refers to both unelected high-ranking government officials and groups of executive politicians. Historically, bureaucrats were government administrations governed by departments in which non-elected officials were assigned.
The definition of bureaucracy is a civil servant or a group that makes formal decisions according to established procedures. An example of bureaucracy is the staff who run the city hall. noun.
Learn more about federal bureaucracy here:https://brainly.com/question/12430754
#SPJ1
the following statements about the size and growth of the federal bureaucracy are accurate are -
b) Several recent presidents have made a point of campaigning against the size of the federal workforce.
d) The federal civilian workforce has decreased over the last 60 years.
The Federal bureaucracy is the unelected, administrative body in the govt department. it is the lower back bone of america government. it's miles organized into departments, agencies and commissions.
all the approximately 2,000 federal government organizations, divisions, departments, and commissions are examples of bureaucracies. The maximum visible of those bureaucracies consist of the Social protection administration, the inner revenue carrier, and the Veterans advantages administration.
The federal bureaucracy plays 3 number one responsibilities in authorities: implementation, management, and regulation. when Congress passes a law, it units down hints to carry out the brand new guidelines.
Learn more about federal bureaucracy here: https://brainly.com/question/12430754
#SPJ4
Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
Users especially rely on this information to predict future operations. Many users view this section as the most important:
Answer: a. Continuing operations.
Explanation:
When a company prepares its financial statements, it does this assuming the principle of going concern which is that operations will continue in the near future. The information that is therefore shown, unless specified otherwise, is from continuing operations.
Users of financial statements rely on this information from continuing operations to analyze what the company is likely to do in future or how it is likely to perform. It is therefore a very important section as it shows whether stakeholders should remain invested in the company.
Select a single stock issue, then perform each of the ratio valuations, covered in the lesson. Compare the information and make a recommendation on the value of the stock, and whether it is a good investment. Your submission must list the name of the stock, the data. The information was obtained, the source from which the information was drawn, and a list of each of the ratio models, showing the results. Also, prepare a narrative of at least two paragraphs that analyzes your findings and indicates your recommendations.
We should note that stock valuation helps to predict the future price or potential market prices for the investors to time their sales or purchase of investments. Its values the intrinsic value of the stock that shows the profitability of the business and its future market value.
What is the stock valuation of Apple Inc?In this context, let's assume we're analyzing Apple Inc. (AAPL), a technology company that designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players.
One key ratio valuations that investors might use to assess the value of AAPL is Price-to-earnings ratio (P/E ratio). This ratio compares the current stock price to the company's earnings per share (EPS). A high P/E ratio suggests that investors are willing to pay a premium for the stock based on its earnings potential.
To calculate the P/E ratio for AAPL, we would divide the current stock price by the company's EPS. As of 2022, AAPL had a P/E ratio of around 28, which is slightly higher than the industry average of around 24.
Read more about stock valuation
brainly.com/question/28384706
#SPJ1
Task 3: Exchange rate regimes 3a) Briefly introduce the three main exchange rate regimes. 3b) Explain a fixed exchange rate regime using the Bretton Woods system as an example.
The three main exchange rate regimes are fixed, floating, and managed.
What are the primary exchange rate regimes?In the realm of international finance, countries adopt different exchange rate regimes to manage their currencies. The fixed exchange rate regime is one such system where the value of a country's currency is set against a specific standard, such as gold or another stable currency.
An example of a fixed exchange rate regime is the Bretton Woods system, established after World War II. Under this system, countries fixed their currencies to the U.S. dollar, which, in turn, was pegged to gold. This provided stability and facilitated international trade. However, the Bretton Woods system eventually collapsed due to economic imbalances, leading to the adoption of floating exchange rates.
Learn more about exchange rate
brainly.com/question/32344536
#SPJ11
Estado patológico a consecuencia obligada de clase de trabajo que desempeña el trabajador o el medio en que se ha visto obligado a trabajar
La respuesta correcta para esta pregunta abierta es la siguiente.
A pesar de que no hay opciones ni incisos para responder, podemos comentar lo siguiente.
La respuesta que buscas es "enfermedad profesional."
En materia de salud ocupacional, se le llama enfermedad profesional al estado patológico a consecuencia obligada de clase de trabajo que desempeña el trabajador o el medio en que se ha visto obligado a trabajar. La Secretaría d Salud o Instituto de Salud, Secretarías del Trabajo de cada país o Estado ampara a los trabajadores como parte de los programas de prevención de riesgos laborales.
Las diferentes instancias gubernamentales deben estar al pendiente de los casos de problemas de salud presentados por los trabajadores a consecuencia del exceso en la carga de trabajo y las diferentes presiones laborales que provocan estrés.
It is impossible to reduce your fixed expenses true or false?
Answer:
True
Explanation:
Does anyone have a perfect competition business example?
Answer:
Perfect competition is a type of market structure where products are homogenous and there are many buyers and sellers. ... Whilst perfect competition does not precisely exist, examples include the likes of agriculture, foreign exchange, and online shopping.
Explanation:
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
Read more about APR interest rates
https://brainly.com/question/14270693
#SPJ1
A firm's marginal profit, P, as a function of its total cost, C, is given by the equation below.
Find the profit function, P(C), if P = $10 when C = $62.
To find the profit function, P(C), we need to use the given information about the firm's marginal profit and total cost.
The equation provided is: P = $10 when C = $62. This equation represents the marginal profit, which is the derivative of the profit function with respect to total cost. To find the profit function, we need to integrate the marginal profit function with respect to total cost.
Integrating the marginal profit function will give us the profit function P(C). Let's integrate the function with respect to C:
∫P dC = ∫$10 dC
Integrating both sides, we have:
P(C) = ∫$10 dC
Since the integral of a constant is equal to the constant multiplied by the variable, we have:
P(C) = $10C + K
Now we can use the given information to determine the value of the constant K. We know that when C = $62, P = $10. Substituting these values into the profit function, we can solve for K:
$10 = $10(62) + K
$10 = $620 + K
K = $10 - $620
K = -$610
Therefore, the profit function P(C) is: P(C) = $10C - $610
Visit here to learn more about profit function:
brainly.com/question/16458378
#SPJ11
Which term BEST describes the willingness of a buyer to pay more for a product because they perceives it to be a status symbol?
A.
possession utility
B.
visual merchandizing
C.
personal selling
D.
target market
Visual merchandizing describes the willingness of a buyer to pay more for a product because they perceives it to be a status symbol. The answer is OPTION B
Due to its exclusivity and appeal as a status symbol, a Veblen good is one for which demand rises as the price rises. Snob impact is influenced by the quantity of goods that are sought for in the market, independent of price.
The Veblen effect, however, is based on the cost of the luxury goods themselves. The demand curve for goods used for conspicuous consumption is upward sloping, while the demand curve for snob-induced goods is still downward sloping.
Giffen products are inexpensive items, and when their prices rise, so does consumer demand. There are just a few alternatives for these products, which are essential to meeting our requirement for sustenance. The answer is OPTION B
To learn more about product, click here.
https://brainly.com/question/22852400
#SPJ1
PLEASE HELP ME!!!! I AM DESPERATE!! BRAINLIEST & 45 POINTS!!!
Do not respond if you don’t know or have an answer to the question. Please and Thank you.
Respond to the scenario below. Include details about how you would make your decision and why. Use the E.T.H.I.C.S. model for guidance. Please make sure it is at least 500 words long.
Money at your company is not secured, and you could easily steal $10,000 without ever getting caught. Would you do it knowing you could get away with it? Why or why not?
Answer:
No
Explanation:
Well yeah you would have some money but you would always feel regret and know you did something wrong
financial derivatives
(options)
2. What is the directional view in a long put butterfly spread? How would your answer change if this butterfly spread were constructed using calls instead?
The directional view in a long put butterfly spread is a strategy used when an investor expects the price of the underlying asset to remain within a specific range. This strategy involves buying one put option at a higher strike price, selling two put options at a middle strike price, and buying one put option at a lower strike price.
If the butterfly spread is constructed using puts, the investor would have a bearish directional view. They believe that the price of the underlying asset will decrease and stay within a certain range.
Let's take an example to illustrate this. Suppose the current price of a stock is $50. The investor believes that the stock will decrease in value but remain between $45 and $55. They construct a long put butterfly spread as follows:
- Buy one put option with a strike price of $55
- Sell two put options with a strike price of $50
- Buy one put option with a strike price of $45
If the stock price ends up at $50 at expiration, the investor will have a maximum profit. This is because the options at the $50 strike price will expire worthless, while the options at the $55 and $45 strike prices will have some value. The net result is a profit.
Now, if the butterfly spread were constructed using calls instead, the directional view would be bullish. The investor would expect the price of the underlying asset to increase and stay within a certain range.
In summary, the directional view in a long put butterfly spread is bearish when using puts, and bullish when using calls. The strategy is based on the investor's belief about the future movement of the underlying asset within a specific range.
To know more about butterfly , visit:
https://brainly.com/question/13704153
#SPJ11
external cost of expanding or building airport
Answer:
External costs may involve or interact and be impacted by the environment, society, or economic travesty, especially ones that were uncalled-for.
External costs depend on many things, including area, time, and space, but will mostly be a few hundred thousand U.S.D.
What was Roosevelt's recovery program called?
Roosevelt's New Deal Recovery programs focused on stabilizing the economy by creating long-term employment opportunities
What was Roosevelt's recovery program?Decreasing agricultural supply to drive prices up, and helping homeowners pay mortgages and stay in their homes, which also kept the banks solvent.The New Deal had three goals relief, recovery, and reform. Relief meant that the president wanted to help those in crisis immediately by creating jobs, bread lines, and welfare. The name of the project of President Franklin Roosevelt’s domestic program which spurred economic recovery in the United States is:According to the given question, we are asked to state the name of the project of President Franklin Roosevelt’s domestic program which spurred economic recovery in the United States.The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939.As a result of this, we can see that the New Deal program was a series of programs and projects which were initiated by the Federal Government to help reduce the economic crunch in the country and they managed to do so successfully.To learn more about recovery program refer to:
https://brainly.com/question/1129607
#SPJ4
Prior to certifying the Managing Accounting Billing Statement for contract payments by Governmentwide Commercial Purchase Card, the Approving/ Billing Official must do what two things?a. Review and ensure all Cardholder supporting documentation supports the payment b. Ensure adequate funds are available to make the payment c. Conduct a Data Mining Case Review d. Ensure the Government has documented acceptance in Wide Area Workflow
Two things the approving/ billing official must do are review and ensure all Cardholder supporting documentation supports the payment. The answer is OPTION A.
A billing statement is a monthly report that credit card firms send to cardholders that details recent purchases made, the minimum payment needed each month, and other important details. Each billing cycle's conclusion results in the monthly issuance of billing statements.
Billing is the process of creating and sending invoices to clients and asking them to pay the outstanding balance. Invoices are records that businesses use to keep track of their transactions and to ask clients for payment. In the accounting diary, invoices that are sent to clients are noted as journal entries. The answer is OPTION A.
To learn more about billing, click here.
https://brainly.com/question/16405660
#SPJ4
when a company pays salary expense, the effects are to
Answer:
decrease stockholders equity (retained earnings); decrease assets.
The answer is to decrease assets, decrease stockholders equity (retained earnings) , which is when a company pays salary expense.
What does the financial term equity mean?Equity is the sum of money that would remain for the asset's owner after it was sold and all associated debts were settled. The equity in a home would be worth $150,000, for instance, if the home is worth $200,000 and the mortgage is for $50,000.
How come it's called equity?As a result of their representation of ownership in businesses, stocks are known as equities. They allow investors to take advantage of growth but also exposing them to danger when the economy falters.
To know more about Equity visit:
https://brainly.com/question/13278063
#SPJ4
What is an example of a musical work?
A musical theater script
The playlist used for a pop radio station
The design of a particular musical instrument
The sheet music of a popular movie soundtrack
Answer:
sheet music of a popular movie soundtrack
Answer:
nhd wdbbdbdbdhduwdhbdubdjkdn9uwdhdbddknd
Explanation:
Herm promises to pay Nixie to work as an assistant buyer for his Organic Foods stores. Nixie agrees and quits her job with Pic-U Grocery, but Herm does not hire her. Herm is most likely liable to Nixie under
Answer:
the job that he works at
Explanation:
he quit
Herm is most likely liable to Nixie under the doctrine of promissory estoppel.
What are Organic Foods?The manner agricultural products are cultivated and processed is referred to as "organic." While rules differ from nation to nation, in the United States, organic crops must be grown without the use of synthetic fertilizers, pesticides, herbicides, or fertilizers, as well as without the use of bioengineered genes.
Produce can be referred to as organic if it was grown on soil without any prohibited substances applied for three years prior to harvest, according to certification. The majority of synthetic fertilizers and insecticides are prohibited substances.
Produce grown organically uses fewer pesticides. In conventional agriculture, synthetic fungicides, herbicides, and insecticides are frequently utilized, and their residues stay on (and in) the food we eat.
Hence, Herm is most likely liable to Nixie under the doctrine of promissory estoppel.
To know more about Organic Foods follow the link.
https://brainly.com/question/11097047
#SPJ6
Ben and Molly are married and will file jointly. Ben generates $300,000 of qualified business income from his single-member LLC (a law firm). He reports his business as a sole proprietorship. Wages paid by the law firm amount to $40,000; the law firm has no significant property. Molly is employed as a tax manager by a local CPA firm. Their modified taxable income is $381,400 (this is also their taxable income before the deduction for qualified business income). Determine their QBI deduction for 2019.
Answer:
$14,400
Explanation:
QBI deduction can be as much as 20% of QBI but it cannot exceed 20% of taxable income before QBI deduction and/or capital gains.
QBI deduction also starts to phase out if the couple's income is higher than $321,400 (for 2019).
phase out = 1 - [($381,400 - $321,400) / $100,000] = 1 - 0.6 = 40%
we must choose the higher between:
tentative QBI deduction based on W-2 wages = 50% x $40,000 x 40% = $8,000
or
QBI deduction based on capital investment limit = (25% x $40,000 x 40%) + $0 (no qualified property) = $4,000
allowable QBI deduction:
($300,000 x 20% x 40%) - {[($300,000 x 20% x 40%) - $8,000] x (1 - 40%)} = $24,000 - [($24,000 - $8,000) x 0.60] = $24,000 - $9,600 = $14,400
the simple form of an annualized interest rate is called the annual percentage rate (apr). the effective annual rate (ear) is a
The effective annual rate (EAR) is a more comprehensive measure of interest that takes into account compounding.
While the APR only considers the stated interest rate, the EAR reflects the impact of compounding on the effective interest rate. The EAR represents the actual annual rate of interest earned or paid on an investment or loan, including the effect of compounding.
It takes into account the frequency of compounding, which could be daily, weekly, monthly, quarterly, or annually, and provides a more accurate measure of the true cost or yield of an investment or loan over a given period.
To learn more about effective annual rate, visit here
https://brainly.com/question/5442201
#SPJ4
The simple form of an annualized interest rate is called the annual percentage rate (apr). Find the effective annual rate (ear)?
1. Every decision made by one, regardless s/he is a producer or a consumer, has a corresponding value Select the correct response A) Optimal decisions are made at a margin B) All choices would incur costs C) The value of products depends on consumer preferences. 2. It sometimes refers to the TANSTAAFL concept Select the correct response A) All choices would incur costs B) The value of products depends on consumer preferences. C) Optimal decisions are made at a margin 3. It pertains to the economizing behavior of people Select the correct response A) People choose rationally B) All choices would incur a cost C) People are required to make choices. 4. people don't give importance to goods or services at the same level Select the correct response A) Choices are made through the available and limited information B) People are required to make choices C) The value of products depends on consumer preferences 5. Society needs to determine who would get the limited resources Select the correct response A) People are required to make choices B) People choose rationally C) Optimal decisions are made at a margin.
Every consumer or producer decision has a value in economics. All choices have prices, consumer preferences determine product value, and people must make judgements with limited information. Society must allocate scarce resources.
Optimal decisions are made at a margin: This means that individuals make decisions by considering the additional benefits and costs associated with a particular choice. They evaluate the marginal utility or satisfaction gained from consuming or producing one more unit of a good or service. By comparing the marginal benefit to the marginal cost, individuals can determine whether a decision is optimal.
All choices would incur costs: Regardless of whether one is a producer or a consumer, making choices involves costs. These costs can be explicit, such as the monetary price of a product, or implicit, such as the opportunity cost of choosing one option over another. Individuals need to assess and compare these costs to make informed decisions.
The value of products depends on consumer preferences: The value of a good or service is subjective and varies among consumers. Consumer preferences play a crucial role in determining the value of products. Different individuals may assign different levels of importance or satisfaction to the same goods or services based on their preferences, tastes, and needs.
Choices are made through the available and limited information: When making decisions, individuals often have access to limited information about the available options and their characteristics. Due to this limited information, people may not assign the same level of importance to all goods or services. They must make choices based on the information they have, which may vary in quality and quantity.
Society needs to determine who would get the limited resources: In any society, resources are scarce relative to the unlimited wants and needs of individuals. Therefore, society needs to address the challenge of resource allocation. This involves making choices about how to distribute the limited resources among competing individuals or groups. It may involve considering factors such as equity, efficiency, and prioritization to determine who should receive the available resources. This decision-making process is necessary to ensure the most optimal allocation of resources for the benefit of society as a whole.
Learn more about economics here:
https://brainly.com/question/31640573
#SPJ11
which is most likely the reason why policymakers would impose a a price ceiling on the market for coffee?
The reason for imposing the price ceiling is to prevent the producer/seller from taking advantage of the consumer.
Price ceiling refers to an economic tools used by policymaker to mandate a maximum price that the seller must charge for sales of a product or service.
Price ceiling serves as a tool to prevent the producers from exploiting the consumers.
The price ceiling are imposed by the policymaker to prevent producer or seller of coffee to have price advantage of its sales to the coffee consumers.
Therefore, in conclusion, aim of preventing exploitation of consumer is the reason of imposing price ceiling on coffee market.
Read more about Price Ceiling here
brainly.com/question/24644929
a shift of the demand curve for thin-crust pizza would be caused by a change in: question 3 options: a) buyers' incomes. be) the price of thick-crust pizza. c) all answers are correct. d) the popularity of thin-crust pizza.
A shift of the demand curve for thin-crust pizza would be caused by a change in the popularity of thin-crust pizza. A demand curve shift refers to fundamental shifts in the supply-demand balance that affect the quantity sought at the same price.
For example, you might be willing to pay $1 price for ten apples. If the grocery store lowers the price to $0.75, the demand curve shift means you might buy 15 apples rather than 10. Changes in tastes, population, income, prices of substitute or complement items, and expectations about future circumstances and prices are all factors that can affect the demand curve for goods and services.
To learn more about demand curve, click here.
https://brainly.com/question/13131242
#SPJ4
The main types of markets are called _____.
residential
consumer
industrial
customer
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Learn more about high turnover:
https://brainly.com/question/2309682
#SPJ1
Which type of consumer products and services are purchased less frequently, with consumers carefully comparing competing products in terms of suitability, quality, price, and style?.
Consumers closely compare rival products in terms of compatibility, quality, price, and style when making less frequent purchases of goods and services.
A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand. Products are sometimes referred to as merchandise in the retail sector, and they are purchased as raw materials in the manufacturing sector before being sold as finished goods. A form of product that is also considered is a service. In project management, products are the formally defined project deliverables that include or assist in achieving the project's goals.
Although raw materials like metals and agricultural products are typically considered commodities, anything that is readily available on the open market can also be considered a commodity.
Learn more about goods here
https://brainly.com/question/15727371
#SPJ4
what is a pumpkin bug
Answer:
The botanical name for squash bugs is Anasa tristis. This bug is very common in the USA and gets its common name from the fact that it is attracted to and lays its eggs on squash, as well as pumpkin plants. I've also seen the bugs on cucumber plants and other curcubits such as melons.
Explanation:
A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:
Calculate the total loan amount.
The loan amount is the cost of the project, which is $20,000,000.
Calculate the annual interest payment.
The annual interest payment can be calculated using the formula:
Annual Interest Payment = Loan Amount * Annual Interest Rate
Annual Interest Rate = APR / 100
In this case, the annual interest rate is 2.7% or 0.027.
Annual Interest Payment = $20,000,000 * 0.027 = $540,000
Determine the number of families responsible for payments.
There are 21,000 families responsible for making monthly payments.
Calculate the total amount each family should pay each year.
Total Amount per Family = Annual Interest Payment / Number of Families
Total Amount per Family = $540,000 / 21,000
Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
Learn more about interest here:
brainly.com/question/13324776
#SPJ11