Sabrina borrowed $30,000 at an interest rate of 7% compounded quarterly. Monthly payments of $356.83 will commence
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
Given PMT 35683 i 7 175 c 2 03 4 n 12125 150 PV 30000 i 1i 1 ...View the full answer
Answered By
Munir Ahmed Jakhro
I am professional Tutor of of Business Courses, I did my four years Bachelor Degree from one of the Top Business schools of World "Institute of Business Administration" in year 2013. Since then I have been working as Tutor of Accounting, Finance tutor on different online platforms like this website. I am have experience of 6 years teaching business courses to students online and offline my professional job at national savings also helped me in accounting understanding .
4.90+
8+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
Selected transactions of the Lizard Lick Corporation during 2007 are as follows: Jan. 5 Purchased merchandise from Boston Company for $30,000; terms, 2/10, n/30. Purchases and accounts payable are...
-
Selected transactions of the Lizard Lick Corporation during 2010 are as follows: Jan. 5 Purchased merchandise from Boston Company for $30,000; terms, 2/10, n/30. Purchases and accounts payable are...
-
Selected transactions of the Lizard Lick Corporation during 2013 are as follows: Jan. 5 Purchased merchandise from Boston Company for $30,000; terms, 2/10, n/30. Purchases and accounts payable are...
-
(1) Choose all of the following statements that are correct about the time evolution of a general wave function: (I) The time evolution of a general wave function is governed by the Hamiltonian...
-
On December 31, 20X5, KTR Corporation acquired 80% of the outstanding shares of SJC Limited for $ 5,000,000. KTR is a Vancouver- based company, while SJC is based in Las Vegas, in the US. SJCs...
-
A professor is teaching a large class that has 247 students. He wants to select a sample of 15 students to do a study on the habits of his students. For each of the following sampling methods,...
-
The feed to a sieve-tray distillation column operating at \(1 \mathrm{~atm}\) is \(700 \mathrm{lbmol} / \mathrm{hr}\) of \(45 \mathrm{~mol} \%\) benzene and \(55 \mathrm{~mol} \%\) toluene at \(1...
-
Roscoe & Jones, Ltd, a CPA firm in Silver Bell, Arizona, has completed the audit of the financial statements of Excelsior Corporation as of, and for, the year ended December 31, 20X1. Findings...
-
ABC Boat Company is interested in replacing a moulding machine with a new improved model. The old machine has a salvage value of $ 2 0 , 0 0 0 now and a predicted salvage value of $ 4 , 0 0 0 in six...
-
Promotional Novelties manufactures a wide range of novelty items for its corporate customers, It has just received an order for 20,000 toy tractor-trailers that will be sold by a gas station chain as...
-
To sell a farm that it had acquired in a foreclosure action, the RBC Royal Bank agreed to monthly payments of $2700 for 20 years, with the first payment due 15 months from the date of sale. If the...
-
An investor purchased a deferred annuity contract for $4608.07, a price calculated to provide a rate of return on investment of 9.75% compounded monthly. The semiannual payments of $400, once...
-
1. What personal traits does Kat Cole possess that aid her as a leader? 2. How would you describe Kat Cole's leadership style? 3. Do you believe that Kat Cole's gender affects her leadership style?...
-
Explain when each of the following businesses should recognize revenues: a. A clothing retailer like American Eagle Outfitters, Inc. b. A contractor like Boeing Company that performs work under...
-
Suppose the American Economic Review is interested in knowing whether student subscribers and regular subscribers differ in their viewpoints on the articles offered in the journal. Explain how you...
-
Constructing and Assessing Income Statements Using Percentage-of-Completion (LO1) Assume that General Electric Company agreed in May 2013 to construct a nuclear generator for NSTAR, a utility company...
-
What is the consumer price index? What does it measure? How is it constructed?
-
What are interaction variables? When would we choose to use interaction variables? What does the coefficient of the interaction variable tell us?
-
Find an equation of the tangent line to the graph of f at the given point. x f(x) - X + 1 (1--3) x-1' 2
-
Question 2 For an n x n matrix A = form) via (aij)
-
Briefly explain how to forecast financial statements using the percent of sales approach. Be sure to explain how to forecast interest expenses.
-
Now estimate the 2005 financial requirements using the percent of sales approach. Assume (1) that each type of asset, as well as payables, accruals, and fixed and variable costs, will be the same...
-
Why does the percent of sales approach produce a somewhat different AFN than the equation approach? Which method provides the more accurate forecast?
-
JK Company, located in Indonesia, specializes in producing sets of wooden patio furniture consisting of a table and four chairs. The company is currently operating at 80% of its full capacity of...
-
Consider the following data for two products of Vigano Manufacturing. Activity Machine setup Parts handling Quality inspections Total budgeted overhead Unit Information Budgeted Cost Activity Driver...
-
Price and efficiency variances, benchmarking and ethics. Sunto Scientific manufactures GPS devices for a chain of retail stores. Its most popular model, the Magellan XS , is assembled in a dedicated...
Study smarter with the SolutionInn App