John wants to apply for a loan, with a Present Annuity due value of $3,500,568. 78 from a bank that charges 14. 28 % interest per annum, compounded monthly. If he can only be able to pay back $43,367. 21 per annum at the beginning of each year, When will John fully pay all of his debt to the bank?.
Answers
Based on the present value of the loan and the relevant interest rate, the time it would take to pay off the debt is 21 years.
First convert the interest rate to a monthly rate:
= 14.28% / 12
= 1.19%
To find the number of months it would take, use the NPER function in Excel as shown in the attachment.
The Number of periods is therefore 252 months.
In years this is:
= 252 / 12
= 21 years
In conclusion, it would take 21 years to pay off.
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Related Questions
Miguel has been working at his job for 3 years and already filled out a W-4 when he was first hired. This year, he just got married and is planning on filing his taxes jointly with his spouse. What should he do?
Keep the same information on his W-4
Wait until next April to fill out a new W-4
Request to fill out a new W-4 from his employer
Email his HR department that they need to update his W-4
Answers
Based on the information regarding the W-4, the thing that should be done next will be C. Request to fill out a new W-4 from his employer.
The W-4 form simply tells the employer, the filing status of the employee, amount of credits, multiple jobs adjustment, amount of other income, deductions, etc that are needed to compute the federal income tax.
Since Miguel was single when he started working with the company but was now married, he should request to fill out a new W-4 from his employer.
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Considering the situation described above, what Miguel should do is to "Request to fill out a new W-4 from his employer."
What is W-4 Form?The W-4 form is the form that is filled by the employee and submitted to the employer to show the filing status, numerous jobs modifications, amount of credits, other income, deductions, and any other amount to withhold from each paycheck to determine the amount of federal income tax to remove and withhold from the employee's salary.
Therefore given that Miguel just got married and is planning on filing his taxes jointly with his spouse, despite having already filled out a W-4 when he was first hired, then action expected from him is to "request to fill out a new W-4., from his employer."
Hence, in this case, it is concluded that the correct answer is option C.
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Which one of the following is not one of the policy tools the Fed uses to control the money supply? A. Moral suasion. B. Open market operations. C. Reserve requirements. D. Discount policy.
Answers
Answer:
A
Explanation: Moral suasion Is not required to control MS .that is the best answer
with no other positions in her account, a customer buys 100 shares of XYZat 45$ per share and simultaneously buys 1 XYZ Jan 45 put for a premium of 3. What is the customer's maxium loss potential on the option
Answers
Answer:
The maximum loss is unlimited
Explanation:
Look at the chart below.
Potential Career Paths
Skills Education Column 3 Job growth
Job 1 Extroverted, communicator Certification Work from home 0 percent
Job 2 Analytical, solution-oriented B.A. + License Office 11 percent
Job 3 Artistic, focused M.A. Outdoors 9 percent
Job 4 Curious, ambitious Ph.D. Traveling/Field 25 percent
If you want to feel comfortable that there will be job openings available, which field is the biggest risk for you?
job 2
job 4
job 3
job 1
Answers
Job 4
Explanation:
Job 4 best suits the job description of health and safety engineer. It is important for a health and safety officer that he must be ambitious and dur to nature of the job he has to travel across different fields. Health and safety officer has great responsibility as he is the one who is responsible for implementing safe work environment.
The stock in Bowie Enterprises has a beta of .91. The expected return on the market is 12.10 percent and the risk-free rate is 2.97 percent. What is the required return on the company's stock
Answers
Answer:
3 . 9 %
Explanation:
If a product is considered a bundle of attributes, what would be two attributes of a tube of toothpaste
Answers
If a product is considered a bundle of attributes, the two attributes of a tube of toothpaste will be: Weighs 10 grams and is Water resistant.
A product is considered a bundle of attributes that could be tangible or not.
In describing the product attributes of a toothpaste tube, we could reference the fact that it is lightweight and is resistant to water.
These attributes are the features that make the product attractive to consumers.
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Answer: Flavor of toothpaste & Size of container
Explanation:
The correct answer for smartbook.
Employees who work on commission typically work in
education
Answers
Answer:
Is this true or false? What are the options to answer
Explanation:
A sales commission is a sum of money paid to an employee upon completion of a task, usually selling a certain amount of goods or services. Employers sometimes use sales commissions as incentives to increase worker productivity. A commission may be paid in addition to a salary or instead of a salary. The Fair Labor Standards Act (FLSA) does not require the payment of commissions.
Why do employers prefer employers with good work ethics
Answers
On September 1, Sky Mountain Company borrowed $200,000 on a 6%, 9-month note payable to Coast National Bank. Given no previous adjusting entries have been recorded, Sky Mountain's adjusting entry four months later at December 31 would include a:
Answers
Answer:
i dont get the question
Explanation:
A chicken farmer can produce one crate of eggs at a cost of $9. 86, and can sell that crate for $34. 24. If the farmer has a starting overhead cost of $7,312, not including production costs, how many crates must be sold in order to realize a profit of $11,300, to the nearest crate? a. 164 b. 330 c. 463 d. 763.
Answers
Based on the equation used, the number of crates that must be sold in order to realize the profit is 763 crates.
Let the number of crates be represented by x.
Based on the information given, the equation to solve the question will be:
(34.24 × x) - (7312 + 9.86x) = 11300
34.24x - 7312 - 9.86x = 11300
34.24x - 9.86x = 11300 + 7312
24.38x = 18612
x = 18612 / 24.38
x = 763
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The four-firm concentration ratio in this industry is ________. Group of answer choices 21% 79% 94% 58% 41%
Answers
Answer:
I'm sorry I looked it up but one site said 41 and another said 79
Liam has purchased a fee-for-service health insurance plan from Leroux Health Insurance. Plan A includes a $248. 00 monthly premium and an annual deductible of $5,500. 00 (not including co-pays). Liam is a fairly healthy young man. He visits his primary care physician three times a year on scheduled visits. He sees a chiropractic specialist every week to help with lower back pain. He has no current prescriptions that need refilling regularly. Assuming Liam maintains his regular visits with his primary care physician and his chiropractor, and avoids any trips to the emergency room or urgent care, how much will Liam pay in health care related fees this year?.
Answers
The amount that'll be paid by Liam in healthcare-related fees this year will be $6216.
Based on the information given, the monthly payment will be:
= $248 × 12
= $2976
She went to the specialist 52 times at 60 dollars. This will be:
= 52 × 60 = $3120
3 visits to the physician at $40 will be:
= $40 × 3 = $120.
Liam's total expenses will be:
= $2976 + $3120 + $120
= $6216
In conclusion, the correct option is $6216.
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HELP LOTS OF POINTS!!
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. The name of the vendor
B. The terms of the sale
C. The balance
D. The date
Answers
Answer:
D
Explanation:
Answer: the balance
Explanation: because
Question 3
1 pts
Heather receives a phone call, in which an automated voice states that her credit card has been
used fraudulently and that she must enter her 16-digit credit card number, using the keypad of
her phone, to clear up the error. What should Heather do next?
O Hang up and wait for the end of her credit card billing cycle to see if there really was a fraudulent charge.
Enter the 16-digit card number, but don't enter her PIN or the 3-digit code from the back of the card.
Hang up and call her credit card company using the 1-800 number on the back of her card to inquire
about the issue or report the attempted phone fraud.
O Push O or say "operator" to speak with a representative from the credit card company instead.
0
in
Answers
The next step which Heather should take after she has gotten a fraudulent call asking for her credit card details is to hang up and call her credit card company using the 1-800 number on the back of her card to inquire about the issue or report the attempted phone fraud.
As a result of this, we can see that Heather was a target of an attempted phone fraud where a caller asks her to give her 16-digit credit card details so that the supposed error could be cleared up.
It is worth noting that this information can be used to steal money from her checking account and Heather would best not give out such sensitive details over the phone, but call the company to see if the call is really from them.
Therefore, the correct answer is option C
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10. The overall levels of income, employment, and prices are determined by the spending and production decisions
of all except which of the following.
A. Households
B. Businesses
C. Government
D. Foreign Sectors
Answers
Answer:
A. Households
B. Businesses
C. Government
Explanation:
[tex]\large{\mathfrak{꧁HeavenMistress꧂}}[/tex]
Explanation:
C. Government
hope Its useful for you
A company reports on the cash basis. During the company's first year of business, it had sales on account of $1,000,000, inventory purchases on account of $400,000, and other expenses of $200,000. At the end of the year, the company had accounts receivable, inventory, and inventory related accounts payable of $100,000, $10,000, and $50,000, respectively. What is the company's cash-basis income for its first year of operations
Answers
Based on the information given the company's cash-basis income for its first year of operations is $350,000.
First step
Net sales revenues =Sales - Account receivable
Net sales revenues= $1,000,000 - $100,000
Net sales revenues = $900,000
Second step
Net expenditure on purchases =Inventory purchases - Account payable
Net expenditure on purchases =$400,000 - $50,000
Net expenditure on purchases = $350,000
Third step
Cash-basis income =Net sales revenues - Net purchases expenditure - Other expenses
Cash-basis income= $900,000 - $350,000 - $200,000
Cash-basis income= $350,000
Inconclusion the company's cash-basis income for its first year of operations is $350,000.
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Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few years, the company's market share has dropped significantly, and employee turnover has increased. Upper management is considering the implementation of a new compensation policy in its efforts to turn the company around. Historically, the company has paid all employees similarly with some variation for seniority but no distinction between high and low performers. Which one of the following questions is LEAST relevant to Homelife's decision to develop an aligned reward strategy?
a. What compensation programs should Homelife use to reinforce necessary employee behaviours?
b. How well does Homelife's current compensation program match the company's strategic aims?
c. What were the results of the most recent Homelife customer review ratings?
d. What compensation programs should Homelife use to reinforce desired employee behaviours?
Answers
The option that's least relevant to develop the reward strategy is C. What were the results of the most recent Homelife customer review ratings?
A reward strategy simply means the designing and implementation of reward policies that are vital in supporting the objectives of an organization.
In this case, it's important to know the compensation programs that should be used to reinforce necessary employee behaviors and how well Homelife's current compensation program matches the company's strategic aims.
It should be noted that the results of the most recent Homelife customer review ratings don't matter in the reward strategy.
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why do many people have a fraught relationship with money?
Answers
Answer:
They often put their wants before their needs
A town passes a zoning ordinance preserving the architectural style of an area and requiring plantings in the parking strips. This is an example of ______.
Answers
By trying to preserve the architectural style of the area and the paintings, this is an example of Aesthetic zoning
What is Aesthetic zoning?
Tis is a type of zoning that is made to conform with architectural landscapes. The aim of this type of zoning is for the preservation of the aesthetics of the community.
This type of zoning is mostly done in those residential areas that are planned.
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what is the importance of clay in human life
Answers
Answer: Fun Fact: Clay is an important part of soil because it contains nutrients that are essential to plant growth
Explanation:
In a _____, the factors of production are owned collectively rather than individually, and no incentives to work harder or to produce quality products are provided.
Answers
Considering the style of government, in a socialistic economic system, the factors of production are owned collectively rather than individually, and no incentives to work harder or produce quality products are provided.
What is Socialism?Socialism is a style of government that operates so that the community owns all the properties, and every individual receives equally the economic resources allocated by the government.
Therefore, equal sharing reduces the incentives to work harder or produce quality products.
Hence, in this case, it is concluded that the correct answer is "Socialistic Economic system."
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The value of the existing venture plus the proceeds from the potential new equity issue is known as: Group of answer choices pre-money valuation post money valuation staged financing the capitalization rate
Answers
________ play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
Answers
Intermediaries play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
When goods are produced or manufactured by producers, there will be need to make those goods available to final consumers.
The intermediaries- Wholesalers and retailers buys these goods from the producers and make them available to final consumers in small quantities.
By making the goods available to consumers, the intermediaries are playing important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
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If you borrow $1500 with a compounding interest rate of 8% for 2 years, that compounds semi-annually. How much will you pay back in total at the end of 2 years
Answers
Answer:
1740
Explanation:
1500(1+[tex]\frac{8}{100}[/tex])^2
1500*([tex]\frac{27}{25}[/tex])^2
= 1749.6
For approximately how many seconds does 2022 versa’s hill start assist hold the brakes?
Answers
The Nissan Versa has a starting assistant that lasts at least 3 seconds so that the driver can easily start on slopes.
What is the hill start assistant?The hill start assistant is a technological and mechanical device that has been implemented in several cars worldwide to prevent the car from rolling back due to gravity and inertia.
Hill Start Assist allows the driver to start on a hill without worrying about backing up. This development has prevented several accidents and is a good invention for those who are just starting to drive.
One of the cars that have this development is the Nissan versa 2022. This car offers a hill-start assistant that allows the driver to have at least 3 seconds to start the car on a slope without the car backing up.
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What type of business is basically a special type of licensing agreement?
O A. A partnership
B. A corporation
C. A limited liability company
D. A franchise
Answers
The type of business that is a special type of license agreement is a partnership, as there is a legal written agreement between two parties, that grants the right to use trademarks and patents.
A partnership is a business that is shared by two or more entities, where the parties share legal and financial responsibility through a legal agreement.
Partnerships are more effective for businesses operating in the same sector, for the partnership to be more aligned with the business and increase the companies' positioning in the market.
Therefore, in a partnership, the parties involved will specify through a license agreement the distribution of property, profits and losses, responsibilities and their commercial relationship.
The correct alternative is letter A.
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Answer: a franchise
Explanation:
whats the answer for this
Answers
Answer:
(a) money in hand
this will be the answer I think so
Money in hand because national wealth will contain only things which makes our country better than just money , we need only hard work and motivation and kind heart to make things better in our country , see down -
Machines are made - this statement is because of India’s hard work and motivation to make something
Financial assets- they are compared with kind heart by me because giving money to needy people
2. Three years ago, Shawheen deposited $5,000 in a savings account. Today, the account is worth
$5,306.04 even though he never deposited any more money. Why does the account have more money
today than it did three years ago? In your response, also explain why the initial deposit may have had
more purchasing power three years ago. (8 points)
Answers
The amount of money Shawheen deposited in his savings account increased in value because of the interest rate his account earns.
The initial deposit might have a higher purchasing power because of inflation.
When money is deposited in a savings account, the amount of money earns interest.
The value of the interest rate can be determined using this formula: interest earned / (time x amount deposited)
Interest earned = $$5,306.04 - $5,000 = $306.04
Interest rate = $306.04 / (3 x $5000) = 2.04%
Inflation is the persistent rise in the general price levels. Inflation reduces the purchasing power of money.
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Typically, certain employees of an organization get texts that update them on various IT activities. If there is a support ticket or downtime, they will receive texts to let them know about the activity. They have started to receive some messages via text instructing them to call the IT help desk at the provided number. When they call the help desk number, a recording asks them for their employee ID. Assuming that the IT department did not send those texts, which of the following social engineering attacks is this?
a. Smishing
b. Whaling
c. Spimming
d. Vishing
Answers
The text represents an example of the vishing social engineering attack.
Vishing is a term to refer to the fraudulent practice that consists of the use of the conventional telephone line and social engineering to deceive people and obtain sensitive information such as financial information or information useful for identity theft.
According to the above, it can be inferred that the described situation is an example of vishing because employees are forced to call a line where they ask for private information that could put them at risk of security.
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What phrase could a licensee use in advertising that would not discriminate on the basis of familial status
Answers
Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
A familial status discrimination is known to occurs when the landlord, manager or property owner treats someone very differently.
The other options clearly discriminate the familial status.
Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
Therefore, the Option is correct.
Missing options "Couples only Empty nesters No bicycles allowed Senior discount"
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