Use the following chart to explain how the interest rate affects the total cost of the loan.
lo...
Use the following chart to explain how the interest rate affects the total cost of the loan.
loan repayment period
loan 1
loan 2
principal
$5,000 $5,000
6.47 percent 10.8 percent
interest rate
monthly payment
$98
$108
loan repayment period five years
five years
total cost of the loan
$5,866
$6,493
Answers: 1
Business, 22.06.2019 20:30
John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76
Answers: 1
Business, 22.06.2019 20:50
Lead time for one of your fastest-moving products is 20 days. demand during this period averages 90 units per day.a) what would be an appropriate reorder point? ) how does your answer change if demand during lead time doubles? ) how does your answer change if demand during lead time drops in half?
Answers: 1
Business, 23.06.2019 02:00
Upper a fish farm raises salmon and trout.a fish farm raises salmon and trout. the marginal cost of producing each of these products increases as more is produced. draw the firm's ppf. label it ppf1. the fish farmfish farm adopts a new technology that allows it to use fewer resources to feed the salmonfeed the salmon. draw a ppf that shows the impact of the new technology. label it ppf2.
Answers: 2
Business, 23.06.2019 02:30
Organizations typically rely on schedules, such as hourly wages and annual reviews and raises.
Answers: 2
Mathematics, 29.10.2020 15:50
Biology, 29.10.2020 15:50
English, 29.10.2020 15:50
Geography, 29.10.2020 15:50
Mathematics, 29.10.2020 15:50
Chemistry, 29.10.2020 15:50
Mathematics, 29.10.2020 15:50
Mathematics, 29.10.2020 15:50
Mathematics, 29.10.2020 15:50
Mathematics, 29.10.2020 15:50
Mathematics, 29.10.2020 15:50
Mathematics, 29.10.2020 15:50
Computers and Technology, 29.10.2020 15:50
Mathematics, 29.10.2020 15:50