You want to have $24,500 saved 4 years from today in order to make a down payment on a house. To fund this, you will make deposits each week from your paycheck into an account that will earn 4.83 percent compounded weekly. How much must you deposit each week

Answers

Answer 1

You must deposit $3.63 each week from your paycheck into the account that will earn 4.83 percent compounded weekly, to have $24,500 saved 4 years from today in order to make a down payment on a house.

Given :

To have $24,500 saved 4 years from today in order to make a down payment on a house. To fund this, you will make deposits each week from your paycheck into an account that will earn 4.83 percent compounded weekly.

The formula to calculate the Future value of an annuity with a compound interest is given below;
FV = Pmt * [(1+i)^n - 1] / i

Where,

Pmt = Payment

i = interest rate per period

n = number of payments

FV = Future Value

We can use this formula to calculate the amount you need to deposit each week.

First, we need to find the number of weeks we need to make deposits over the next 4 years (52 weeks per year), which is;

Number of deposits (n)

= 4 × 52

= 208

The interest rate per period (i) is 4.83%/52 weeks = 0.093%.

The future value (FV) is given as $24,500.

The amount you need to deposit each week (Pmt) can be found by;

FV = Pmt * [(1+i)^n - 1] / iPmt

= FV * i / [(1+i)^n - 1]Pmt

= $24,500 * 0.093% / [(1+0.093%)^208 - 1]Pmt

= $24,500 * 0.00093 / [1.093^208 - 1]Pmt

= $24,500 * 0.00093 / [7.22 - 1]Pmt

= $24,500 * 0.00093 / 6.22Pmt

= $3.63

Therefore, you must deposit $3.63 each week from your paycheck into the account that will earn 4.83 percent compounded weekly, to have $24,500 saved 4 years from today in order to make a down payment on a house.

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Related Questions

A benefit of using association is that it allows the learner to be creative and have fun

Answers

Answer: True

Explanation:

Answer:

True

Explanation:

increasing the independence of a central bankloading... would probably:

Answers

Increasing the independence of a central bank is likely to increase its autonomy and decision-making power. Central banks are often tasked with regulating monetary policy, controlling inflation, and promoting economic growth.

The central bank's independence is a crucial factor that is often linked with the success of these objectives. The level of autonomy granted to central banks varies widely across different countries. Some countries grant more independence than others, with some central banks operating entirely autonomously from government control.

The benefits of central bank independence include the ability to make decisions based on economic factors rather than political considerations. This can help to promote economic stability and reduce the risk of political interference in the central bank's decision-making processes.Independence can also help to increase the credibility of the central bank, which can promote investor confidence and lead to more stable economic growth. However, there are also some potential drawbacks to central bank independence, such as the risk of accountability issues and potential conflicts of interest.

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You charge a new cell phone on your credit card for $ 900 . Your credit card has a 12.0% APR and you make the minimum payment of $ 75 per month. How many months will it take you to pay off the phone? How much total interest will you pay? Round your answer

Answers

It will take 13 months to pay off the phone, and the total interest paid will be $47.25.

To determine how many months it will take to pay off the phone and the total interest paid, we need to calculate the monthly interest rate and then use it to calculate the repayment period and interest.

1. Calculate the monthly interest rate:

  Monthly interest rate = Annual Percentage Rate (APR) / 12

  Monthly interest rate = 12.0% / 12 = 0.01

2. Calculate the repayment period:

  Let's assume "n" represents the number of months to pay off the phone.

  Using the minimum payment of $75 per month, we can set up the following equation:

  $75n = $900

  Solving for "n":

  n = $900 / $75

  n = 12 months

  Therefore, it will take 12 months to pay off the phone.

3. Calculate the total interest paid:

  To calculate the total interest paid, we can subtract the original amount of the purchase ($900) from the total amount paid over 12 months ($75 x 12).

  Total interest paid = ($75 x 12) - $900

  Total interest paid = $900 - $900 = $0

  Therefore, the total interest paid will be $0.

In summary, it will take 12 months to pay off the phone, and the total interest paid will be $0 since the minimum payment covers the full balance each month.

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Which pair of emerging markets have enjoyed economic growth based mainly on exploiting natural resources?

a. south africa and china

b. india and indonesia

c. brazil and russia

d. china and indonesia

Answers

The correct answer is c. Brazil and Russia. Both Brazil and Russia have enjoyed economic growth based mainly on exploiting natural resources.


1. Brazil: Brazil is known for its vast reserves of natural resources, such as iron ore, oil, soybeans, and coffee. The country has experienced significant economic growth by exporting these resources to other countries. For example, Brazil is one of the world's largest producers and exporters of iron ore, which contributes to its economic growth.

2. Russia: Russia is rich in natural resources, including oil, natural gas, minerals, and metals. These resources have played a crucial role in driving the country's economic growth. Russia is one of the largest exporters of oil and natural gas globally. Additionally, the mining sector, including coal and metals, has also contributed to Russia's economic development.

In conclusion, both Brazil and Russia have enjoyed economic growth by exploiting their natural resources. However, it is important to note that economic growth based solely on natural resource exploitation may have certain challenges, such as environmental concerns and dependence on commodity prices. It is essential for countries to diversify their economies to ensure long-term sustainable growth.

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The pair of emerging markets that have enjoyed economic growth based mainly on exploiting natural resources is option C) Brazil and Russia.

Brazil has experienced economic growth due to its abundant natural resources such as minerals, oil, and agricultural products. The country is a major exporter of commodities like soybeans, iron ore, and beef. The exploitation and export of these resources have contributed significantly to Brazil's economic growth.

Similarly, Russia has also benefited from its rich natural resources, particularly in the energy sector. The country is one of the world's largest producers and exporters of oil and natural gas. Revenue from these resources has played a crucial role in driving Russia's economic growth. Both Brazil and Russia have leveraged their natural resources to attract investments and stimulate economic activity, resulting in sustained economic growth in these emerging markets.

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Callaway Golf Company conducted a one-time survey of golfers and asked them about their attitudes, preferences, and intentions regarding buying custom clubs. This is an example of a(n) a. cross-sectional study. b. exploratory research. c. causal research. d. field experiment.

Answers

Answer:

a. cross-sectional study.

Explanation:

A cross-sectional study is the study that consists of data taken from a population for a particular period of time. Here study derives the interest variables that are be selected  

Here in the given situation, since the company conducted a survey based on people attitudes, their preferences, intentions so that they can able to analyze  purchasing the custom clubs

So here the cross sectional study is to be used

hence, the correct option is a.

What is the hazard? Chris works for a city public works department. One hot afternoon the temperature outside reached 92 degrees. While Chris was shoveling dirt in a vacant lot, he started to feel dizzy and disoriented. He fainted due to the heat.

Answers

Answer: dehydration

Explanation:

Answer:

dehydration and heat exhaustion.

Explanation:

I hope this helps! :)

the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%

Answers

It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).

What is Operating Leverage?

The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.

Magnitude of operating leverage= 4.5

Old sales= $100000

New sales= $110000

Percentage increase in sales:

(New-old)/old = (110,000-100,000)/100,000

                       = 10%

Consequently, a percentage rise in profit might be anticipated:

sales percentage growth times the degree of operational leverage

                        = 10% * 4.5

                        = 45%

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a man borrowed r 3750 at the imple intret 7.5% p.a what will be the um he ha to depoit at the end of 73 day

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We will receive Rs. 3806.25 after calculating the sum's simple interest. 3806.25. This implies that a man must deposit Rs. 3806.25 in his account at the end of 73 days.

What is Simple Interest?

Simple interest is determined by multiplying a percentage of the principal (original amount) by the investment's duration. The simple interest can then be added to the principal amount to determine the investment's final value.

In its simplest form, interest is expressed as a percentage of the principal. For instance, if you agreed to repay a friend's $100 loan with 5% interest, the interest you would pay would only be 5% of 100: $100(0.05) = $5.

The formula of Simple Interest:

A = P(1+RT/100)

A = 3750(1+7.5×0.2/100)

T = 73/365 = 0.2years

  = 3806.25

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The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.

The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before
The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before

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Answer: See Image Below

The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before

The adjusting entries for Skysong, Inc. for March is prepared from the given   selected accounts before adjusting entries have been prepared.

What are adjusting entries?

Adjusting entries are journal entries that are typically made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. Under accrual-basis accounting, the revenue recognition principle serves as the foundation for making adjusting entries for unearned and accrued revenues.

The adjusting entries are as follows:-

No.   Date           Account Tiles and Explanation       Debit        Credit

1.      March 31        Depreciation expense                      756

                       Accumulated Depreciation expense                        756

2.     March 31    Unearned Rent revenue                        5580

                            Rent revenue                                                        5580

3.     March 31      Interest Expense                                360

                            Interest payable                                                   360

4.    March 31        Supplies Expense                            1935

                               Supplies                                                             1935

5.    March 31       Insurance Expense                             1080

                            Prepaid Insurance                                                    1080

Therefore, the adjusting entries are prepared on March 31.

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A critical public that is not convinced by fads, vote consistently, are move avid consumers of mass media, are an excellent source of volunteers, and are extremely health-conscious are:

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A critical public that is not convinced by fads, vote consistently, are move avid consumers of mass media, are an excellent source of volunteers, and are extremely health-conscious are Seniors.

The definition of critical public health?

An method called critical public health investigates accepted notions of what constitutes a problem and dismantles underlying presumptions by taking into account the social processes that produce them.

                                It also questions what has come to be seen as a problem in the field of public health.

Peer review is there in crucial public health?

An international peer-reviewed publication called Critical Public Health (CPH) publishes research in public health, health promotion, the political economy of health, and related areas that is critically engaged.

                             The behaviorism, cognitive, constructivism, humanism, and connectivism schools of thought are the five main philosophies of educational learning.

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I WILL GIVE BRAINLIES, FIVE STARS AND MY THANFUL THANKS!!!~
Using complete sentences post a detailed response to the following.

Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?

Answers

Answer:

they need more detail because how is his livelihood

Explanation:

the payback period measures the amount of time the company must wait to recoup its initial investment.

Answers

The payback period is an investment analysis method that calculates the length of time it takes for a company to recover its initial investment. It's expressed in years and does not take into account the time value of money.

Payback period is one of the easiest investment analysis techniques to apply. It is calculated by dividing the cost of the initial investment by the anticipated annual cash inflows. The payback period is generally expressed in years and does not take into account the time value of money.

The payback period measures the length of time it takes for an investment to generate enough cash flows to recoup its initial investment. If the payback period is less than the company's predetermined investment criteria, the investment is generally considered attractive.

If it takes longer to recoup the initial investment than the company's investment criteria, the investment is typically rejected. This technique is a simple way to evaluate the amount of time it takes to earn back the investment's initial cost.

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DaVinci Revenue – revenue for DaVinci is per case/surgery and reimbursement is as follows: Medicare Reimbursement: $3,600 (30% of cases) Medicaid Reimbursement: $1,850 (15% of cases) Commercial Insurance Reimbursement: $8,925 (55% of cases) Note: These amounts may change later (in part or in entirety, so be sure to use formulas for your calculations. There should be SS calculations, DS calculations, monthly and annual totals.

Answers

DaVinci Revenue Per case/surgery revenue for DaVinci is calculated as follows:

30% of the total number of cases are reimbursed by Medicare at a rate of $3,600.15% of cases are reimbursed by Medicaid at a rate of $1,850.55% of cases are reimbursed by commercial insurance at a rate of $8,925.SS

Calculations

Social security is calculated as 6.2% of the employee’s income up to a cap of $137,700. Employers are also required to pay an additional 6.2% of their employee’s income up to the cap. Employers must also pay an additional 1.45% of their employee’s income toward Medicare, with no cap.

DS Calculations

The Double Social Security (DS) calculation is an alternative method of calculating the employer’s share of Social Security and Medicare taxes for employees who have more than one employer, and total wages exceeding the annual Social Security wage base. Total compensation in excess of $137,700 is exempt from social security tax but subject to the 1.45% Medicare tax.

Medicare tax has no wage base limit.

Monthly and Annual Totals

The monthly and annual totals for each of the three reimbursement categories can be calculated by multiplying the number of cases by the appropriate reimbursement rate. These totals can then be added together to arrive at the total monthly and annual revenue for DaVinci.

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infomercials have been so successful because they: multiple select question. show the product in detail only sell cheap products

Answers

Infomercials have been so successful because they: multiple select question. show the product in detail only sell cheap products. They can remaining up to 30, or every so often even 60 minutes. Infomercials have end up a very environment friendly method of advertising for a range of businesses.

It lets in groups to attain their target audience, distinguish themselves from competition and supply greater statistics about their product or service.

Why are infomercials so profitable in promoting products?

Infomercials promote merchandise immediately to shoppers for a various audience. Generate Leads. Infomercials can be used to generate prospects that will convert to a sale or convey the prospect into their nearest retailer.

An infomercial is a longer-form video or television advertisement that acts as a stand-alone application to pitch a exact or carrier with a call to action. Infomercials are one-of-a-kind from regular commercials due to the fact they ultimate longer and have no breaks in the application

infomercials have been so successful because they: multiple select question. show the product in detail only sell cheap products. choose the correct option

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Based on the spreadsheet below, which of the following is a true statement? a. The net cash flow is negative. b. The net cash flow is zero. c. The net cash flow is positive. d. The net cash flow can’t be determined.

Based on the spreadsheet below, which of the following is a true statement? a. The net cash flow is negative.

Answers

Answer:

c. The net cash flow is positive.

Explanation:

A net positive balance occurs when the total cash inflow exceeds total cash outflows.  Inflow is cash coming in, while outflow is cash leaving the business. In a business, sales represent cash inflows, while expenditure represents cash outflows.

In this case, the sales total to $1,600 while expenses are $1,490. The net cash flow is the difference between the inflows and the outflows. Here, the difference is a positive $110.

Answer:

c

Explanation:

When a corporation or government wishes to borrow money from the public on a long-term basis, it usually does so by issuing or selling debt securities that are generically called.

Answers

When a corporation or government wishes to borrow money from the public on a long-term basis, it usually does so by issuing or selling debt securities that are generically called bonds.

In a business, bonds are formed in order to represent the money that is borrowed from a lender by the borrower.  Bonds make it easier to track how much debt has been taken and what will be the terms and conditions that will be applied in returning the money.

Bonds provide debt securities and are used by corporations and governments when they have to borrow money from the public on a long-term basis.

It becomes easier to get back the money that a lender has provided through the formation of bonds. It also helps in assessing the terms and conditions that are formed while making an agreement.

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The leading producer of gardening tools, YourGarden Inc, has achieved great success because they produce high-quality tools that are not too expensive. Even so, another company that produces lower-quality tools at the same price has also achieved some success, but not as much as YourGarden. Also, in general, the price of gardening tools has declined because of economies of scale and learning. In addition, YourGarden has added complementary assets, such as gardening instruction. Considering all of these factors, the gardening tool industry is most likely in the
A. introduction stage.
B. growth stage.
C. shakeout stage.
D. maturity stage.

Answers

Answer:

B. growth stage.

Explanation:

In the growth stage, the demand would be strong as the both efficient & none-efficient firms would thrive also the price would be decline as the firm starts to reap the economies of scale. Moreover, the distribution channels would be expanded also the assets i.e. complementary would be widely available

Therefore the option b is correct

Why is strength an internal force

Answers

Answer:

Because it comes from within the person.

Explanation:

In business, we learn about the concept of internal force and external force as two factors that could influence the outcome of a certain event.

External forces are the type of influences that come from our environment. Generally, it's not something that we can control. We have to make proper adaptation to address the external forces to prevent it from ruining our goals.

Example of External Goals : Natural disaster, Future laws made by the government, etc.

Internal forces on the other hand are the type of influences that come from within ourselves as a person. It is something that we can control and constantly thrive to improve in order to make it easier for us to achieve our goals.

Example of internal goals: Strength, Emotional stability, Motivation, etc.

Which statement most accurately describes a conflict of commitment? It involves a monetary gain by one party over another party. It occurs when outside activities interfere with one’s responsibilities to an employer. It occurs when an institution does not follow the financial rules from a funding source. It can only occur between an institution and an outside organization.

Answers

Answer:

It occurs when outside activities interfere with one's responsibilities to an employer

Explanation:

Conflict of commitment occurs when the commitment of an employer to a defined terms of employment is shared with other engagements, either personal or with other parties which could lead to a decline in efficiency due to loss of maximum concentration.

This may not necessarily involve monetary gain but has a whole lot of ways through which it can affect productivity as concentration is shared.

It is always good to define activities that constitute conflict of commitment right from the time of forming an employment contract so that an employee can be guided with it.

How's everyone's day? explain please

Answers

Answer:

You're asking how the people in a particular place or environment you are in on how their life was that day whether it was fun exciting sad or gloomy etc.

Answer:

I'm doing fin-e, just s-ad because I ca-n't get the New Toon Meo-wscles sk-in from fort-nite because my P-s4 br-oke and Now I ca-n't get the bundle which is at a good price. I wish I could get it.

Explanation:

a positive externality arises in a situation where a third party, outside the transaction:_____.

Answers

When a party not involved in the transaction fails to distribute resources effectively, there is a positive externality.

What is a transaction?

An agreement or communication between a buyer and a seller to trade products, services, or assets in exchange for money is a financial transaction. Any transaction involves a shift in the financial situation of two or more entities, whether they be people or businesses. There are always one or more financial assets involved in a financial transaction, most frequently money or another pricey object like gold or silver.

Financial transactions come in a wide variety of forms. The most frequent kind, purchases, take place when a consumer is sold a thing, service, or other commodities in exchange for money. The majority of purchases are made with cash, which can be physical money, debit cards, or checks.

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When there are many people seeking the same job, this is known as a _____ of workers.
PLS DONT GUSSSS!!!!!!!!!
consumer
demand
projection
surplus

Answers

Answer:

surplus

Explanation: A surplus is a group of people searching for the same job.

Answer:

surplus

Explanation:

Which is an example of a marketing function for a business? 1.Preparing income statements for the business 2. Obtaining new products to replace sold stock 3.Interviewing potential sales employees 4. Creating a banner ad for the company website​

Answers

Answer:

4. Creating a banner ad for the company website

Answer:

4

Explanation:

on a test and got correct answer

What is location analysis

Answers

Answer:

Location analysis is a technique for discovering, assessing and specifying the optimal placement of an organization's people, information, activities, and materials.Location models are key in performing location analysis by providing a well-documented common vision of current and desired location arrangements.

___relates to all of the different money decisions you make each day.

Answers

Personal finance relates to the management of an individual's money, including budgeting, saving, investing, and spending. It involves making decisions about how to best use financial resources to achieve one's goals and objectives.

This can include decisions about earning, saving, investing, and spending money, as well as planning for future financial needs such as retirement or buying a home.

Personal finance includes all the financial decisions and activities that an individual or household engages in, including creating a budget, saving and investing money, managing debt, and planning for long-term financial goals.

Creating a budget is a crucial step in managing personal finances. It involves listing all income and expenses and determining how much money is available to be saved or invested. By creating a budget, individuals can identify areas where they may be overspending and make adjustments to save money.

Saving and investing money is also an important aspect of personal finance. Building an emergency fund and saving for short-term and long-term goals such as retirement, education, or buying a home can help secure your financial future. Investing in stocks, bonds, or real estate can also help grow wealth over time.

Managing debt is also a key aspect of personal finance. High levels of debt can be a major financial burden and make it difficult to save or invest money. It's important to understand the types of debt one has and to develop a plan to pay off high-interest debt, such as credit card balances, as soon as possible.

Personal finance also includes long-term financial goals such as retirement and college education planning. It's important to start saving for these goals as early as possible, as the power of compound interest can make a significant difference over time.

Overall, managing personal finances is important for achieving financial security and stability. It involves understanding one's financial situation, setting financial goals, and making informed decisions about spending, saving, investing, and managing debt.

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The young men below are in colloquial language, “getting their hustle on!” Explain how their business is a sole proprietorship. Secondly, explain why the government will have a difficult time taxing this type of business.

The young men below are in colloquial language, getting their hustle on! Explain how their business is

Answers

These businesses are typically not registered with the government, and they do not have an official structure.

The government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development.

In colloquial language, the young men below are "getting their hustle on." A sole proprietorship is a type of business that is owned and operated by a single individual. The young men's business can be referred to as a sole proprietorship since they are the sole owners of the business.

They are the ones who started the business, are responsible for all of its operations, and are accountable for all of the profits or losses.The government will have a tough time taxing this type of business for a variety of reasons.

Firstly, these businesses are typically not registered with the government, and they do not have an official structure. As a result, it's difficult for the government to track their activities and evaluate their taxes.

Secondly, many of these businesses operate in the informal sector, and they do not have formal accounting procedures or systems in place. As a result, it's difficult for the government to determine their exact revenue and taxable income.

Thirdly, these businesses are frequently involved in cash transactions, and it's difficult for the government to monitor their cash flow and revenue. As a result, they may not accurately report their earnings or pay the required taxes.

Finally, the government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development. As a result, they may not be heavily taxed, if at all, since the government may be hesitant to discourage their operations.

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a purchaser of real estate is charged with knowledge of all recorded documents, as well as with the responsibility to a) purchase additional insurance to protect the title. b) make improvements on the property. c) learn the rights of the parties in possession. d) inspect the property after closing.

Answers

Option(C). learn the rights of the parties in possession.

A real estate buyer is responsible for being aware of all recorded papers and for learning about rights that the parties having possession.

What do improvements mean?

Improving is defined as the act and process of getting stronger as well as the improved state. Improved value or quality, in particular; an example of such improvement; something that improves value or excellence.

How to use improvement in a sentence?

"We had anticipated a significant improvement." "Compared with the previous test, we observed a slight improvement." He definitely evolved a few things in his house. We saw that he developed his writing with time.

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Hailey is considering taking out an 8-year loan with monthly payments of $115 at an apr of 3. 2%, compounded monthly, and this equates to a loan of $9728. 75. Assuming that hailey's monthly payment and the apr of the loan remain fixed, which of these is a correct statement?.

Answers

The total loan amount is $9728.75. Hence, B. If it were a 14-year loan, the amount of the loan that Hailey is considering taking out would be less than $9728.75.

As the term of the loan increases, the total amount of the loan increases as well. This is because a longer loan term means more opportunities for interest to accrue, which increases the overall cost of the loan. Since the monthly payment and APR are fixed, as the term of the loan increases, the total amount of the loan would decrease.

To calculate the total loan amount, you can use the formula:

Loan Amount = Monthly Payment x\(( ( 1 + r )^n^ -^ 1) / (r * (1 + r)^n)\)

Where:

Loan Amount is the total loan amount

Monthly Payment is the fixed monthly payment ( $115 in this case)

r is the monthly interest rate (3.2%/12)

n is the number of months for the loan term ( 8 years x 12 months/year)

Plugging in the values from the question:

Loan Amount = 115 x ( ( 1 + 0.0032 )⁹⁶ ⁻ ¹) / (0.0032 x (1 + 0.0032)⁹⁶)

Loan Amount = 115 x ( 1.0032⁹⁶ ⁻ ¹) / (0.0032 x 1.0032⁹⁶)

Loan Amount = 115 x (2.812973 - 1) / (0.0032 x 2.812973)

Loan Amount = 115 x 1.812973 / 0.0096

Loan Amount = 9728.75

Hailey is considering taking out an 8-year loan with monthly payments of $115 at an APR of 3.2%, compounded monthly, and this equates to a loan of $9728.75. Assuming that Hailey's monthly payment and the APR of the loan remain fixed, which of these is a correct statement?

A. If it were a 6-year loan, the amount of the loan that Hailey is considering taking out would be more than $9728.75.

B. If it were a 14-year loan, the amount of the loan that Hailey is considering taking out would be less than $9728.75.

C. If it were a 12-year loan, the amount of the loan that Hailey is considering taking out would be less than $9728.75.

D. If it were a 10-year loan, the amount of the loan that Hailey is considering taking out would be more than $9728.75.

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If the product or service you sell is taxable, you must obtain is ———— A. A sales tax permit B. An employer identification number C. A business checking account D. Business cards

Answers

Answer:

The answer I prefer is

Explanation:

An employer identification number.

Hope this helps....

Have a nice day!!!!

What are 5 of the executive departments?.

Answers

The 5 of the Executive Departments are:

U.S. Department of Agriculture.U.S. Department of Commerce.U.S. Department of Defense.U.S. Department of Education.U.S. Department of Energy.

What are the Executive Roles and Responsibilities?

The Executive Branch conducts diplomacy with other countries, and the President has the power to negotiate and sign treaties ratified by the Senate. The President can direct law enforcement officers or issue executive orders to clarify and promote existing laws.

What are executives and examples?

Executive is also an adjective that describes having the power to make decisions. The President of the United States is the executive branch of government and is responsible for enforcing laws that improve the country for its citizens.

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