You need 1.2 million pesos to start a community-based business and you have the following options...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You need 1.2 million pesos to start a community-based business and you have the following options for a loan. (A) payable in 10 years in equal annual installments of P150,000 (B) payable in 5 years, for a lump sum of 2.5 million pesos (C) payable in 10 years in two equal installments of P993,360 on the end of the 5th and 10th year Answers: (A) APY = 15.47%, (B) APY = 15.81%, (C) APY = 15.20% You need 1.2 million pesos to start a community-based business and you have the following options for a loan. (A) payable in 10 years in equal annual installments of P150,000 (B) payable in 5 years, for a lump sum of 2.5 million pesos (C) payable in 10 years in two equal installments of P993,360 on the end of the 5th and 10th year Answers: (A) APY = 15.47%, (B) APY = 15.81%, (C) APY = 15.20%
Expert Answer:
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
Posted Date:
Students also viewed these economics questions
-
Consider the following workload: a. Show the schedule using shortest remaining time, non-preemptive priority (a smaller priority number implies higher priority) and round robin with quantum 30 ms....
-
You have the following options for a major equipment unit: (a) Buy new. (b) Trade in and buy a similar, rebuilt equipment from the manufacturer. (c) Have the manufacturer rebuild your equipment with...
-
The ABC Company is considering the following options for its backup plan: 1. Daily full backups: .Time to perform backup = 60 minutes . Size of backup = 50 GB Time to restore from backup = 30 minutes...
-
The Ramirez Company current dividend was $1.90. Its dividend will grow by 6%, 7%, 8% and 9% for the first 4 years. And then, dividends to grow at a rate of 5% forever. It's required return is 15%. 1-...
-
What are the differences between bottom-up and top-down approaches to security valuation? What are the advantages of a top-down approach?
-
Amazon.com, Inc. (AMZN) is the largest Internet retailer in the United States. Amazons income statements through operating income for two recent years are as follows (in millions): a. Prepare a...
-
In a study of reaction times, the time to respond to a visual stimulus (x) and the time to respond to an auditory stimulus (y) were recorded for each of 10 subjects. Times were measured in...
-
The income statement accounts for the Monroe Realty Company at the end of its fiscal year are shown below. Prepare the required closing entries in journal form. Chris Ross is theowner. Account Name...
-
Global Pistons ( GP ) has common stock with a market value of $ 2 7 0 million and debt with a value of $ 1 7 0 million. Investors expect a 1 6 % return on the stock and a 7 % return on the debt....
-
The Stephanowicz Company's January 1 account balances are: During January, the following transactions were completed: (a) Materials purchased on account cost $92,000. (b) Miscellaneous factory...
-
Which of the following features of stocks is INCORRECT? Common stock holders always receive dividends that grow at a constant rate. Dividends for common stocks are taxable. Preferred stock holders...
-
A tensile member made of AISI 1020 hot-rolled steel is being designed for a car. It must withstand a repeated load of 4200 N and not elongate more than 0.12 mm in its 630-mm length. Use a design...
-
Three students Tom, Jack and Billy are discussing why the two-dimensional velocity field can be represented solely by a scalar here. Tom thinks this representation assumes a high Reynolds number...
-
An employee working in a room measuring 15 ft x 20 ft x 15 ft sprays paint assembly parts using a paint containing hexane. The PEL for hexane is 500 ppm. The employee wears a half-face, air-purifying...
-
Using the sinking fund Table 13.3, complete the following: Note: Do not round intermediate calculations. Required amount $ Frequency of Length of payment time 8 years 15,000 Annually Interest rate 8...
-
A company produces magnetic picture frames by cutting shapes from plastic coated magnetic sheet as illustrated below. The darker blue portions represent the picture frames; the diagram is not drawn...
-
Do you agree with the use of confidential informants? What if the informant is also a criminal? Explain and justify your opinions.
-
Use the following data to answer the next two (2) questions: Product 1 Product 2 Product 3 Direct Material Cost $25,000 $30,000 $35,000 Direct Labor Cost $30,000 $40,000 $50,000 Direct Labor Hours...
-
The state in which Elisa County (P14- 3) is located publishes certain financial analysis ratios for all counties within the state. To provide a reference group for assessing Elisa Countys financial...
-
The county legislature approved the budget for 2013. Revenues from property taxes are budgeted at $ 800,000. According to the county assessor, the assessed valuation of all of the property in the...
-
The General Fund of the City of Snake River operates on a calendar year basis. It sends bills to property owners on January 2. Taxes are due March 1, but taxpayers are allowed until March 31 to make...
-
Consider the MOSFET class-AB output stage in Figure 8.26. The parameters are: \(V_{D D}=10 \mathrm{~V}\) and \(R_{L}=100 \Omega\). For transistors \(M_{n}\) and \(M_{p}, V_{T N}=\) \(-V_{T P}=1...
-
An enhancement-mode MOSFET class-AB output stage is shown in Figure P8.29. The threshold voltage of each transistor is \(V_{T N}=-V_{T P}=1 \mathrm{~V}\) and the conduction parameters of the output...
-
For the inductively coupled amplifier in Figure 8.28(a), the parameters are: \(V_{C C}=15 \mathrm{~V}, R_{E}=0.1 \mathrm{k} \Omega\), and \(R_{L}=1 \mathrm{k} \Omega\). The transistor parameters are...
Study smarter with the SolutionInn App