A business valued at $96 000 is purchased for a down payment of 25% and payments of
Fantastic news! We've Found the answer you've been seeking!
Question:
A business valued at $96 000 is purchased for a down payment of 25% and payments of $4000 at the end of every three months, If interest is ye compounder monthly, what is the size of the final payment?
Expert Answer:
Answer rating: 100% (QA)
Formula 157310 A B E 1 2 Business value 96000 Downpayment Remaining amount 3 025 4 C21C3 6 PV of am... View the full answer
Posted Date:
Students also viewed these mathematics questions
-
A property worth $35 000 is purchased for 10% down and semi-annual payments of $2100 for 12 years. What is the nominal annual rate of interest if interest is com- pounded quarterly?
-
A property worth $35 000 is purchased for 10% down and payments of $2100 at the end of every 6 months for 12 years. What is the nominal annual rate of interest compounded semi-annually?
-
a property worth $48000 is purchased for 10 down and monthly payments of $365 for 14 years what is the effective annual rate of interest if interest is compounded annually
-
Find reactions of support 1,2 and 3 F=10KN, a=2m, ?a=60 (45%) F 2a
-
Correct the following citation: Vol. 6 American Jur. (second), Assault and Battery, 2(1999).
-
The luxury hotel chain Ritz-Carlton introduced a system called "Mystique" that collects information about its customers from employees and staff at the hotel. The information is used to personalize...
-
Figure \(\mathrm{P} 28. 43\) shows two paths (A and B) around a wire that carries current \(I\). (a) Along which path is the line integral of the magnetic field greater? (b) Along which path is the...
-
Refer to the worksheets in Exhibits 10.12 and 10.13 in which the financial statements of Arcot Company have been restated to U.S. GAAP . Required: a. Calculate each of the ratios listed below using...
-
For this exercise, instead of using the values in the challenge, ask the user for the number of shares, the share price, and the percent commission.For this exercise, instead of using the values in...
-
During 2008 the US economy stopped growing and began to shrink. Table 1.25 gives quarterly data on the US Gross Domestic Product (GDP), which measures the size of the economy. (a) Estimate the...
-
Timco is considering the construction of a new retail outlet. The construction cost will be 400000. Net working capital will increase by 10000. The depreciation is 10 year MACRS. The new location...
-
Mavericks Cosmetics buys $4,691,301 of product (net of discounts) on terms of 7/10, net 60, and it currently pays on the 10th day and takes discounts. Mavericks plans to expand, and this will require...
-
A risk manager reports some risk management issues to the Chief Executive Officer (CEO). The risk manager explains that some risks with very low probability and impact have been identified The CEO...
-
Scenario During your analysis of the labor hours proposed to produce 50 units of the OMP-2000, you find that O'Shea Enterprises has experienced an improvement curve rate of 80% in assembly operations...
-
What is product postponement? What are regional trade agreements and what is their purpose? Describe the three stages companies typically move through when implementing a sustainability SCM strategy....
-
A solid homogeneous disk 900 mm in diameter with a mass of 140 kg is rolled up 20 incline by a force of 1000 N, applied parallel to the plane. Assuming no slipping. determine the speed of the disk...
-
Consider the below Table of parcel dimension, weight, delivery date, temperature and priority status at a post office in London: Reference Temperature Length Width Height Weight ID (K) (cm) (cm) (cm)...
-
The financial statements of Eastern Platinum Limited (Eastplats) are presented in Appendix A at the end of this textbook. Instructions (a) Does East plats report any investments on its statement of...
-
In this exercise, we re-examine the data in Exercise 15.22, a panel of data from North Carolina. Consider a model in which the log of crime rate (LCRMRTE) is a function of the log of police per...
-
In this exercise, we extend Exercise 15.29 by also considering the possibility that the probability of arrest is jointly determined with the crime rate and the number of police per capita. The idea...
-
Give some examples of economic decisions in which the observed outcome is a binary variable.
Study smarter with the SolutionInn App