You borrow $10,183 and repay the loan with 5 equal annual payments. The first payment is supposed to occur at the end of year 1 and you pay 1 13% annual compound interest. If you decide to defer the first payment to 4 years after the receipt of the money (end of year 4), what would be your annual payment amount? (Round your answer to 2 decimal places)
Answers
The annual payment amount after deferring the first payment to 4 years would be $1,340.44.
Given that, the Principal amount = $10,183
Number of payments, n = 5
Interest rate = 13% annual compound interest
Since the payment amount is the same every year, we can use the formula for the present value of an annuity to find it.
The present value of an annuity is given as:
P = R [1 - (1 + i)^(-n)]/ i...[1]
Where,
P = Present value of the annuity
R = Annual payment
i = Interest rate
n = Number of payments
From formula [1], the annual payment can be written as:
R = Pi / [1 - (1 + i)^(-n)]...[2]
Where,
P = Principal amount
i = Interest rate
n = Number of payments
Substituting the values in equation [1],
P = $10,183
i = 13% annual compound interest
n = 5 payments
Plugging in the values,
R = $10,183 (0.13) / [1 - (1.13)^(-5)]
≈ $3,028.55
To find the annual payment amount if the first payment is deferred to 4 years later, we need to find the present value of the annuity after 4 years has elapsed.
From the given information, we can see that the present value of the annuity is the same as the original loan amount, which is $10,183.
To calculate the annual payment amount, we use the present value of the annuity and the remaining term to calculate the payment amount using equation [2].
Using the formula for the present value of an annuity:
P = R [1 - (1 + i)^(-n)]/ i$10,183
= R [1 - (1 + 0.13)^(-5+4)]/ 0.13R
= $10,183 (0.13) / [1 - (1.13)^(-1)]
≈ $1,340.44
Therefore, the annual payment amount after deferring the first payment to 4 years would be $1,340.44.
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Related Questions
jonesville produces widgets an gadgets, and its ppc is linear. it takes 5 hours of labor to produce a gadget and 10 hours of labor to produce a widget. suppose that jonesville has 100 hours of labor. what is the maximum number of widgets it can produce?
Answers
20 widgets
What is widgets?
A software widget is an application or component designed for one or more software platforms that is quite straightforward and simple to use. A desk tool or applet is an illustration of a straightforward, standalone user interface, as opposed to a more intricate application like a spreadsheet or word processor.
In order to quickly access specific information from apps without having to launch the program itself, widgets can be placed to your phone's home screen. The Calendar widget is one example, which provides you with a quick glance of the events on your calendar without requiring you to open the Calendar application.
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Which of the following is true about certified public accountants (CPAs)?
O A. CPAs work for government agencies and corporations.
B. CPAs only work in the public sector.
C. CPAs only work in the private sector.
O D. CPAs work for small businesses but not large businesses.
Answers
Answer:
A. CPAs work for government agencies and corporations.
Explanation:
Certified public accountant (CPA) is the title for skilled, competent, and professionally trained accounts. Accountants play a significant role in any organization's success, be it a business-oriented, government institution, or not-for-profit organization. Employers seek and employ qualified and certified accountants to work in their organizations.
Both the public and private sector engage the services of certified account to take charge of accounting and financial management. The objective is to ensure that financial transactions are recorded correctly, and the financial statement reflects the true picture of the organization as per the generally accepted accounting principles.
what is revision?hey
Answers
Answer:
The action of revising
Explanation:
Last week pauline worked 35 hours and made $280 how much money did pauline make per hour
Answers
Pauline earns $8 per hour for his work.
What is a paycheck?A wage or salary check made out to an employee by the employer, or a wage or income for employment.
Given=
Pauline worked=35 hours
Pauline earned=$280 in total
so he earns per hour=$280/35 hrs
=$8 per hour.
Therefore, he earns $8 per hour.
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joe foxhunter makes unique silver jewelry. loyal customers drive from miles around to buy the jewelry, which is sold only in his workshop. this jewelry is a specialty product.
Answers
Unique silver jewelry is created by Joe Foxhunter. Loyal clients travel great distances to purchase the jewelry from his studio, which is the only place it is offered. This jewelry is a unique item. This statement is true
A sizable segment of consumers is willing to make additional purchase efforts for specialty items because they have especially distinctive features and brand identifications. Examples include certain brands of upscale goods, high-end automobiles, gear for professional photographers, and designer apparel. A specialty product is a particular consumer commodity that is sold to customers in a small number of retail establishments and has a finite supply. These things are often high-end and cost more than other typical items that customers purchase more regularly.
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How might a recent college graduates investment portfolio differ from someone who is nearing retirement?
Answers
Answer: someone who is retiring has more experience on what to invest in than someone who is still getting used to knowing what to invest in
Explanation:
federal agencies hold roughly _____ percent of all outstanding treasury bonds.
Answers
According to data from the U.S. Treasury, federal agencies hold approximately 5 percent of all outstanding treasury bonds.
This percentage has decreased in recent years due to efforts to reduce the size of the federal government's balance sheet and transfer assets back to the private sector.
federal agencies hold roughly 13 percent of all outstanding Treasury bonds.
According to data from the U.S. Treasury, federal agencies hold approximately 5 percent of all outstanding treasury bonds.
This percentage has decreased in recent years due to efforts to reduce the size of the federal government's balance sheet and transfer assets back to the private sector. federal agencies hold roughly 13 percent of all outstanding Treasury bonds.
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"The market price average is decreasing daily; however, the level of declines relative to advances is falling. The market is reaching a(n):"
Answers
Answer:
This question is incomplete, the options are missing. The options are the following:
A) Overbought condition.
B) Oversold condition.
C) Breakout on the upside.
D) Breakout on the downside.
And the correct answer is the option B: Oversold condition.
Explanation:
To begin with, the name of "Oversold Condition" refers to the situation where the price of an asset has reach a certain level that is relative low in comparison with the prices that it has have before. That situation can last for a long period of time so the most prudent way to act in the eyes of a trader is to wait until the price base out and start increasing.
So that situation in where the market price average is decreasing and reaching to its bottom is called Oversold Condition.
X Company, which uses the gross method and a perpetual inventory system, sold $2,000 of merchandise on account with credit terms of 2/10,n/30. If the customer pays within the discount period and takes the discount, X will record a journal entry that includes ______. (Check all that apply.)
Answers
Answer.
Explanation.
20 Characters long
Buying or selling stock is
saving
investing
Otrading
Odiversifying
Answers
Answer:
Trading
Explanation:
1. Saving is saving funds to invest in stocks.
2.
Buying stock is an investment.
3. Trading - meaning buying or selling any stock shares you own is trading.
Fill in the blank:
Setting (blank) objectives, may improve a firm's reputation as well as help it recruit, motivate and retain staff. On the other hand, doing so may impose additional
(blank) on the firm.
Answers
Social objectives, may improve a firm's reputation as well as help it recruit, motivate and retain staff. On the other hand, doing so may impose additional
liabilities on the firm.
The term "social aims" refers to goals that are intended to be realized for the betterment of society. Company makes use of society's limited resources. As a result, people expect something in exchange for its well-being. The fulfillment of social duties is referred to as a social objective.
So, Social objective and Liabilities area correct answers.
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what is the relation between no. of moles and gram atom?
Answers
2 Points
Which of the following best explains how consumers' purchases influence the
decisions of producers?
A. Producers can judge whether they have an efficient production
process based on what consumers buy.
B. Producers can figure out what consumers are willing to pay based
on what they buy
C. Producers can determine how best to reduce waste by knowing
what consumers don't buy.
O D. Producers can predict the effects of new technologies based on
the technologies used by consumers.
SUBMIT
Answers
Answer:
C
Explanation:
As unsold items end up being stale and get wasted , it is good for a business to avoid such as much as possible in order to maximize profit.
The customers buying pattern can easily reveal what they prefer to buy and what they do not buy . This can serve as a guide to the producer in what to sustain or increase producing and what to reduce or eliminate in the production line so as to maximally control the level of waste generated due to outdated or unsold stock.
Answer: D
Explanation: Producers can figure out what consumers are willing to pay based on what they buy.
PLEASE HURRYYYY THIS IS DUE RIGHT NOW 20 POINTS
Please select the word from the list that best fits the definition Fossil fuels are the only cause of global warming. Absolute or Qualified?
Answers
Answer:
absolute
Explanation:
cause oils from mine feilds an certain refreshners cause global warming
Answer:
Absolute
Explanation:
The effective operation of a firm and its supply chain is NOT as important as the design and implementation of its processes. A. True B. False
Answers
A company's supply chain and overall efficiency are NOT as crucial as the planning and execution of its business operations. It is true.
A supply chain is a group of people and businesses who work together to create products and distribute them to customers. The chain's links start with the companies that generate the raw ingredients and terminate when the van delivers the final item to the customer.
An optimized supply chain reduces costs and improves the effectiveness of the manufacturing cycle, making supply chain management an essential procedure. In order to cut costs and maintain their competitiveness, businesses work to strengthen their supply chains. A company's supply chain and overall efficiency are NOT as crucial as the planning and execution of its business operations.
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In GPR data recording, to obtain data with a high S/N ratio, [ ] must be enhanced and [ ] must be reduced?
Answers
In GPR data recording, to obtain data with a high S/N ratio, the signal must be enhanced and noise must be reduced.
A ground-penetrating radar (GPR) is a non-destructive testing (NDT) method that works by radiating electromagnetic energy into the ground and then measuring the response of reflected signals from subsurface features. However, a low Signal-to-Noise Ratio (S/N ratio) can make the identification of subsurface features difficult. Therefore, to improve the data quality and make the identification of subsurface features easier, noise must be reduced and the signal must be enhanced. In order to reduce noise, one of the most important steps in GPR data acquisition is to properly handle the antenna, this includes proper positioning of the antenna, the use of antenna stabilizers, and the proper handling of the cable.
When acquiring data, data acquisition systems should be used in a shielded environment. It is also recommended to conduct a data analysis to identify noise sources and minimize them. A signal can be improved by increasing the GPR antenna’s gain, which amplifies the return signal’s strength, his can help with the detection of faint signals and enable the identification of subsurface features. Furthermore, GPR data processing techniques, such as migration, can enhance the quality of the signal and increase the S/N ratio. So therefore in GPR data recording, to obtain data with a high S/N ratio, the signal must be enhanced and noise must be reduced.
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when an allocation of resources maximizes total surplus, the result is said to be efficient.
Answers
It is True that when an allocation of resources maximizes total surplus, the result is said to be efficient.
This is based on the governmental policies indicators, which state that the equilibrium of supply and demand maximizes total surplus.
This is because, at the equilibrium of supply and demand, the output point is deemed efficient.
This situation is because there is no other price and quantity combination that can lead to a higher level of total surplus.
Hence, in this case, it is concluded that the statement above is True.
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Global Technology’s capital structure is as follows: Debt 15 % Preferred stock 50 Common equity 35 The aftertax cost of debt is 6.00 percent; the cost of preferred stock is 10.00 percent; and the cost of common equity (in the form of retained earnings) is 13.00 percent. Calculate the Global Technology’s weighted cost of each source of capital and the weighted average cost of capital.
Answers
Answer:
1. 0.9% ; 5% ; 4.55%
2. 10.45%
Explanation:
Cost of equity = 13%
After tax cost of debt= 6%
Cost of preferred stock = 10%
Weight of debt = 15%
Weight of preferred stock = 50%
Weight of equity = 35%
Therefore;
1
•After tax weighted cost of debt = weight of debt × after tax cost of debt
= 0.15 × 0.06
= 0.009
= 0.9%
•Weighted preferred stock cost = Weight of preferred stock × cost of preferred stock
= 0.50 × 0.10
= 0.05
= 5%
•Weighted common equity stock cost = weight of equity × cost of equity
= 0.35 × 0.13
= 0.0455
= 4.55%
2.
• Weighted average cost of the firm
= After tax weighted cost of debt + Weighted preferred stock cost + Weighted common equity stock cost
= 0.9% + 5% + 4.55%
= 10.45%
A new business is likely to need what bank service(s)? *
Answers
Answer:
Checking Account tell me if i'm wrong
Explanation:
How does M&S keep existing customers happy?
Answers
Answer:
Im not sure
Explanation:
You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of your balance will remain?
Answers
The percent of your balance will remain in the checking account is 90.26%
To find out what percent of your balance will remain, you'll need to first subtract the amount of the check ($167.50) from your account balance ($1,725.25) to get the new balance after writing the check.
$1,725.25 - $167.50 = $1,557.75
Now that you know your new balance, you can find out what percent of your original balance remains by dividing the new balance by the original balance and then multiplying by 100 to get the percentage.
($1,557.75 ÷ $1,725.25) x 100% = 90.26%
So, after writing the check for $167.50, 90.26% of your original balance will remain in your account. This means that $1,557.75 is 90.26% of $1,725.25.
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explain the similarities that exist between incorporating the tbl framework into both the service industry and the manufacturing industry, and why.
Answers
The triple bottom line speculates that instead of one bottom line, when there should be three: profit, people, and the planet.
The goal of sustainability in business practises is shared by the service and manufacturing industries, which is the main similarity between adopting the TBL framework into both. Businesses and other organisations can use the triple bottom line as a framework for transformation to help them make the transition to a more sustainable and regenerative future.
The values that firms that use the TBL contribute to society are profit, people, and the environment. Companies that prioritise social and environmental responsibility can also increase that more conventional metric: profit, particularly in today's market. According to Horowitz, "using the TBL framework opens up many opportunities to boost revenues, minimise costs, and generate loyalty." Tools for monitoring, benchmarking, establishing goals, upgrading, and ultimately moving toward more sustainable systems and models are part of the triple bottom line.
By assessing an organization's impact on the world, including its profitability and shareholder values as well as its social, human, and environmental capital, the TBL "captures the core of sustainability."
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Which factors did you include in your response? Check all that apply.
Option A is not possible, because I do not have enough money saved.
Option B is not a good choice, because it is over my budget.
Option C is the best choice for my budget.
You can choose anything it wont matter
Answers
Option C is the best choice for my budget.
Answer:
All of the above
Explanation:
You can buy life insurance for anyone. True or false
Answers
Answer:
False
Explanation:
Answer: False
Explanation:
Using the allowance method, Bad Debt Expense is recorded _____.
a. as an estimate in the period of the related credit sales
b. when the company defaults on its Notes Payable
c. when the specific customer is known to be uncollectible
d. when a company writes off its uncollectible receivables
Answers
Using the allowance method, Bad Debt Expense is recorded when a company writes off its uncollectible receivables.
When do one use the allowance method as bad debt expense?For a person to use the allowance method, one have to record bad debts as a kind of contra asset account.
That is, a type of an account that is said to have a zero or negative balance that is seen on your balance sheet. In this scenario, one would debit the bad debt expense and credit your allowance for bad debts.
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Which of these must producers study in order to know what people want to buy and how much they are willing to pay?
O the size of the money supply
O the interest rates set by the Fed
O economic indicators
O consumers' purchases
Answers
The size of the money supply must producers study in order to know what people want to buy and how much they are willing to pay. Thus, option A is correct.
Who are the producers?A producer is in charge of discovering and starting a project, securing funding, employing writers, directors, and other influential players of the creative team, and supervising every stage of pre-production, creation, and reply up to release.
In order to understand what customers desire to buy and the amount they are ready to pay, companies must research the quantity of the monetary base. Customers may be more prepared to spend more when they have an emergency need of our service or item may meet. This is not always the case. They might be more inclined to pay greater if there is a lack of something than if there is excess.
Therefore, option A is the correct option.
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Can someone tell me if it’s correct, and which one is wrong
Answers
Answer:
Yes,they are correct.
Explanation:
In 1960, the average price for one-carat diamond was around $2,500. Sice then, the diamond price has increased to around $30,000 in 2015. If the price for one-carat diamond continues rising at the same annual rate which it's been increasing between 1960 and 2015, then the price in 2066 will be___dollars.
Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example,10,000.23.
DO NOT use "$" in your answer.
Answers
The annual rate of increase in the price of a one-carat diamond between 1960 and 2015 can be calculated by dividing the final price by the initial price, taking the nth root of this result, and subtracting 1. In this case, the final price is 30,000, and the initial price is 2,500.
So, the rate of increase per year is given by:
\(($30,000/$2,500)^(1/(2015-1960)) - 1.\)
Using a calculator, we find that the rate of increase per year is approximately 0.0467 or 4.67%. To calculate the price of a one-carat diamond in 2066, we need to apply the rate of increase per year for 2066 - 2015 = 51 years.
Let P be the price of a one-carat diamond in 2066. We can write the equation as:
\($30,000 * (1 + 0.0467)^51 = P.\)
Using a calculator, we find that P is approximately 177,301.33. Therefore, the price of a one-carat diamond in 2066 .
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Which of the following features is not important when comparing P2P apps and services?
Answers
P2P services simply mean the decentralized platform where people can directly interact without a third party.
P2P services and applications are essential for payment processing, screening, etc. There are also P2P payment systems. This simply means peer-to-peer payment systems and they allow users to be able to send money from their phones or gadgets to others.
P2P is essential as it allows people to stay connected. It leverages technology in order to overcome the issue of trust and information asymmetries.
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Answer:
Fees
Explanation:
A "no-haggle" pricing policy is a type of _____ pricing strategy.A. maximizing profitsB. sales orientationC. target returnD. status quoE. customer-oriented
Answers
A "no-haggle" pricing policy is a type of customer-oriented pricing strategy.
A corporate concept known as "customer orientation" prioritizes the requirements of the client over those of the company. A business strategy known as "customer orientation" prioritizes the demands of the client over those of the company. Companies that prioritize their customers are aware that without continually increasing their customer focus, their firm will not succeed. It's a method of thinking that connects the objectives of your company with those of your clients.
Businesses may concentrate far more readily on their own needs than on those of their clients. Your company needs to increase revenue while reducing expenses. If you don't spend the most of your day speaking with clients, their requirements undoubtedly aren't something that are always on your mind.
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