A college student borrows $10,000 today at 10% interest compounded annually. Four years later, the student makes the first payment of $3000. Approximately how much money will the student still owe on the loan after the first payment

Answers

Answer 1

Answer:

$11,700

Explanation:

Calculation for how much money will the student still owe on the loan after the first payment

Using this formula

A=P(1+r/n)^nt

Where,

P =represent the principal amount $10,000

r =represent annual nominal interest rate 10/100= 0.1

n =represent the number of times the interest is compounded per year 1

t= represent number of years 4

Let plug in the formula

A=$10,000(1+0.1/1)^(1)(4)

A=$10,000(1.1)^4

A=$14,641

Since the student makes the first payment of the amount of $3,000 the amount of money that the student still owe on the loan after the first payment will be :

Loan Amount =$14,641-$3,000

Loan Amount =$11,641

Approximately $11,700

Therefore how much money will the student still owe on the loan after the first payment will be $11,700

Answer 2

The student still owes is $11,641.

The first step is to determine the future value of the loan:

FV = P (1 + r)^n

FV = Future value  P = Present value  R = interest rate  N = number of years  

$10,000(1.1)^4 = $14,641

The amount the student still owes = future value of the loan - amount paid

$14,641 - $3000 = $11,641.

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Related Questions

Outline the initiatives that the public company you have chosen, use to lessen their impact on the environment

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Answer:

if vector a=2i-j-2k. b=3i-4k and c= i-5j+3k are given. find a, a+2b-4c b, component of c in the direction of a c. component of c in the direction of b. d, a. (bxc) and( axb) c and verify that they are equal ?

The Trade Shortage is the total value of a country’s exports less the total value of its imports

Answers

An economy is impacted by a trade imbalance when a country imports more goods than it exports. The trade deficit is calculated by deducting the value of imported products from the value of exporting goods.

What is the export value of a country less its import value?

The gap between a country's imports and exports during a given time period is known as the balance of trade (BOT).

What happens when imports outpace exports?

When imports exceed exports, the net exports figure is negative. This indicates that there may be a trade deficit in the nation. A trade surplus supports a nation's economic expansion.

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If the points on a scatterplot fall on a nearly straight line sloping​ upward, what do the two variables​ have? Explain your reasoning.
________________________________
Choose the correct answer below.
A.A strong positive correlation. A positive correlation is when both variables increase or decrease​ together, and a strong correlation is when the two variables lie close to a straight line.
B.A strong positive correlation. A positive correlation is when both variables increase​ together, and a strong correlation is when the two variables lie exactly on a straight line.
C.No correlation. The given information does not indicate a relationship between the two variables.
D.No correlation. There is only a correlation between two variables when one variable decreases while the other increases.
E.A weak negative correlation. A negative correlation is when both variables increase or decrease​ together, and a weak correlation is when the two variables lie close to a straight line.
F.A weak negative correlation. A negative correlation is when both variables increase​ together, and a weak correlation is when the two variables lie exactly on a straight line.

Answers

Option A is correct. Strong positive correlation. A positive correlation is when both variables are increasing or decreasing together, and a strong correlation is when the two variables are close to a straight line.

A positive correlation is a relationship between two variables that run in parallel. In the same direction. A positive correlation occurs when one variable decreases when the other variable decreases, or when one variable increases while the other variable increases. Since these two different variables are moving in the same direction, they are theoretically subject to the same external force.

A positive correlation is when one variable tends to decrease when the other variable decreases, or when one variable tends to increase when the other variable increases.

In finance, correlations are used to describe how individual stocks perform in relation to the broader market.

A beta of 1.0 represents a stock that correlates perfectly with the S&P 500. Values ​​above 1.0 represent stocks with higher volatility than the S&P 500, while lower values ​​represent stocks with lower volatility. 

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Why does demand for substitutes tend to move in the opposite direction from
each other?
O A. One of the substitutes is usually elastic, while the other is
inelastic.
O B. When the price of a good goes up, consumers shift their demand
to its substitute.
C. Substitute goods have perfect unit elasticity for each other.
O D. Substitute goods tend to have inelastic demand.

Answers

Answer:

O B. When the price of a good goes up, consumers shift their demand

to its substitute.

Explanation:

Substitute goods are products that can be used in place of one another. Consumers will be happy to consume either of the products. Substitute goods provide similar solutions to customers' problems.

Should the price of one substitute good increases, its demand is likely to fall. Consumers will prefer to consume the alternative product resulting in an increase in demand for the substitute.

How can support units deliver functional and services to support the organization?

Answers

Answer:

whenimetuindasumma

Explanation:

tomyheartbearsound

why does call of duty make so much games?????

Answers

Answer:

because they want money why else

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p

i

d

Explanation:

Which of the following is NOT a form of variable pay?

Answers

The piece-rate pay plans is not a form of variable pay.

What is piece-rate pay?

A piece-rate plan is known to be a kind of  wage payment system. It is often used when an employee is said to be paid a fixed amount for any of the unit produced or action fulfilled.

The Piece rate is known to be used in a lot of industries, such as the automobile repair, trucking, manufacturing and others.

See full question below

Which of the following is not a form of variable pay?

point-sharing plansgain-sharing planscommissionsbonusespiece-rate pay plans

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Whitch of the following is required to be considered an entrepreneur?

Answers

Answer:

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures

Explanation:

What is the rate if the base is 366 and the portion is 50

Answers

If base is 366 and quotient is 50 then the rate is 13.66%.

The given rate is calculated as follows: Rate = (Portion/Base) × 100Let's plug in the values to find the rate: Rate = (50/366) × 100= 13.66...% (rounded to two decimal places)Therefore, the rate if the base is 366 and the portion is 50 is 13.66%. In other words, the portion of 50 is 13.66% of the base of 366.To understand what rate is, let's look at an example: Imagine you have a bowl of fruit that contains 5 apples and 15 oranges. The rate of apples to the total fruit is (5/20) or 0.25, which is equivalent to 25% (since we multiply the decimal by 100 to get the percentage).The rate tells us how much of one thing there is in relation to the whole. In the example above, the rate of apples tells us that 25% of the fruit in the bowl is apples. Likewise, in the given problem, the rate of 13.66% tells us that 13.66% of the base of 366 is equal to the portion of 50.

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STEP 5 Use practical examples from BRICK 'n TILE to differentiate between short and long-run costs. (10) TOTAL: [50]​

Answers

BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).

Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.

On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.

Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.

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Cross-functional teams are not very effective to use when developing a new product or service

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Cross-functional teams help firms prioritize their customers by fostering effective communication between teams. Bringing people with different perspectives together can improve problem-solving and lead to the formulation of more informed, sustainable decisions making

Making decisions entails choosing a course of action from among two or more viable options in order to find a solution to a particular issue.

As shown by the aforementioned definitions, decision-making is a consultative process carried out by a group of specialists in order to improve the functioning of any business. As a result, it is an ongoing and dynamic activity that permeates all other organizational activities.

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To help reduce firefighting in network management, a network manager should spend time on ____________ to prevent problems

Answers

Answer:

Planning and Organizing the Network and Networking Staff

Explanation:

If this helped, please give brainliest answer! Thanks!

You have entered into an agreement for the purchase of land. The agreement specified that you will take ownership of the land immediately. You have agreed to pay $45,000 today and another $45,000 in three years. Calculate the total cost of the land today, assuming a discount rate of (a) 5%, (b) 7%, or (c) 9%

Answers

Today's total land cost at 5%, 7%, and 9% interest rates are $81715.5, $78772.5, and $75991.5, respectively.

How to find the total value of land?

In the case of part a:

In the given information:

Payment amount = $45,000

Rate of interest (r) = 5%

Time period (n) = 3 years

Present value of land = [Payment amount * PVF(period, interest rate)]

PVF = present value factor

The formula for calculating PVF is:

PVF = 1/(1+r)n

Substituting the values of the payment amount, interest rate, and time period into the present value formula:

Present value of land today = $45000 * PVF(0, 5%)

PVF = 1/(1+0.05)

PVF = 0.9523

Present value of land today = $45000 * 0.9523

Present value of land today = $42853.5

Present value of land after 3 years = $45000 * PVF(3,5%)

PVF = 1/(1+0.05)3

PVF = 0.8636

Present value of the land after 3 years = $45000 * 0.8636

Present value of the land after 3 years = $38862

The total cost of land = present value of the land today + Present value of the land after 3 years

Total cost of land = $42853.5 + $38862

Total cost of land = $81715.5

In the case of part b:

Rate of interest (r) = 7%

Present value of land today = $45000 * PVF(0, 7%)

PVF = 1/(1+0.07)

PVF = 0.9345

Present value of land today = $45000 * 0.9345

Present value of land today = $42052.5

Present value of land after 3 years = $45000 * PVF(3,7%)

PVF = 1/(1+0.07)3

PVF = 0.8160

Present value of the land after 3 years = $45000 * 0.8160

Present value of the land after 3 years = $36720

The total cost of land = present value of the land today + Present value of the land after 3 years

Total cost of land = $42052.5 + $36720

Total cost of land = $78772.5

In the case of part c:

Rate of interest (r) = 9%

Present value of land today = $45000 * PVF(0, 9%)

PVF = 1/(1+0.09)

PVF = 0.9174

Present value of land today = $45000 * 0.9174

Present value of land today = $41283

Present value of land after 3 years = $45000 * PVF(3,9%)

PVF = 1/(1+0.09)3

PVF = 0.7713

Present value of the land after 3 years = $45000 * 0.7713

Present value of the land after 3 years = $34708.5

The total cost of land = present value of the land today + Present value of the land after 3 years

Total cost of land = $41283 + $34708.5

The total cost of land = $75991.5

Therefore, the total cost of land at different interest rates is:

At 5% interest rate = $81715.5

At 7% interest rate = $78772.5

At 9% interest rate = $75991.5

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Dollar General's primary concern about robberies is:
A. Limiting cash losses
B. Catching the robber and recovering the money
C. Working with the Police to stop thieves
D. Ensuring our employees' safety

Answers

Option D is correct .Dollar General's primary concern about robberies is Ensuring our employees' safety.

What is Dollar General's primary concern about robberies ?

The well and safety of Dollar General's employees come first. The organization therefore takes a number of steps to guarantee that its workers are safeguarded while they are at work. This can entail instructing staff members on how to handle and react in potentially hazardous circumstances, such robberies. In addition, Dollar General might have procedures in place to control the quantity of cash on hand and guarantee that it is kept safely. To promptly respond to and address any theft or robbery events, the business could also collaborate closely with the local police.

Ultimately, protecting the safety of its employees is Dollar General's top priority when it comes to robberies. The organization helps to provide a safe working environment for its employees and tries to lessen the impact of any occurrences by taking actions to minimize the risk of theft and robbery.

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Identify the environmental factor that is a characteristic of an an attractive environment.

Answers

There are five environmental factors are used to create an attractive environment is, competitors, threat of entry, substitutes, suppliers, customers. These are the main factors that help to determine how attractive or unattractive an environment.


the answer was already on brainly btw!

There are five environmental factor for an attractive environment.

Few CompetitorsLow threatFew substitutesMany suppliersMany customers.Types of Environmental FactorsInternal environmental factors: In the internal business environment there are elements within an organization that influence the approach and success of commercial operations.External environmental factors: The external environment comprises a range of factors outside a commercial enterprise over which we do not have much control.

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Discuss the political, social, economic, technological and other
configurations that support cross-border trade by giving examples of any
multinational firms operating in Ethiopia

Answers

Answer: , I can give you an overview of the political, social, economic, and technological factors that support cross-border trade, along with some examples of multinational firms operating in Ethiopia.

Political Factors: - The government's policies and regulations play a significant role in supporting cross-border trade. - A favorable political climate encourages multinational firms to invest in the country.

- Ethiopia has implemented policies aimed at attracting foreign investors, such as tax incentives and relaxed regulations.

- The government's efforts to improve infrastructure, such as roads and ports, has also contributed to the growth of cross-border trade. Social Factors:

- The availability of skilled and affordable labor is an important factor that influences the growth of multinational firms in Ethiopia. - Ethiopia's young and growing population presents an opportunity for firms to expand their markets. - The cultural diversity of the country is also attractive to multinational firms seeking to expand their operations globally. Economic Factors: - Ethiopia has a liberalized economy with a stable macroeconomic environment that supports cross-border trade. - The country has made significant progress in economic reforms, including the privatization of state-owned enterprises. - Ethiopia's strategic location, with access to the Red Sea and proximity to the Middle East and Europe, has made it an attractive destination for multinational firms. Technological Factors: - Technology has played a significant role in supporting cross-border trade, making it easier and more cost-effective. - The use of e-commerce platforms has made it possible for multinational firms to reach customers in different parts of the world. - The availability of high-speed internet and mobile networks has also facilitated cross-border trade. Examples of Multinational Firms Operating in Ethiopia: - Coca-Cola is a global brand that operates in Ethiopia and has invested heavily in the country. - H&M, the Swedish fashion retailer, has opened stores in Ethiopia, taking advantage of the country's textile industry. - Unilever, the British-Dutch consumer goods company, has also invested in Ethiopia, setting up a manufacturing plant for its products. In conclusion, the political, social, economic, and technological factors mentioned above have contributed to the growth of cross-border trade in Ethiopia. This has attracted multinational firms to invest in the country, with many seeing Ethiopia as a potential hub for doing business in Africa

Explanation:

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $190,000 of raw materials on credit; issued materials to production of $213,000 of which $12,000 were indirect. Minstrel incurred a factory payroll of $157,000, of which $22,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period is: Multiple Choice $571,500. $593,500. $605,500. $538,500. $550,500.

Answers

Answer:

$538,500

Explanation:

Calculation to determine what The total manufacturing costs added during the period is:

Total manufacturing costs=($213,000-$12,000)+($157,000-$22,000)+($157,000-$22,000*1.5)

Total manufacturing costs=$201,000 + $135,000 + ($135,000 × 1.5)

Total manufacturing costs=$201,000 + $135,000+$202,500

Total manufacturing costs= $538,500

Therefore The total manufacturing costs added during the period is: $538,500

Additional information:
(a) Accrued interest on notes receivable is RM1,000.
(b) Depreciation on the equipment is RM2,000
(c) Accrued wages is RM1,200
(d) Accrued utilities is RM800 (charged to miscellaneous account)
(e) Rental which is due is RM1,000.
(f) Cash drawings by Amy is RM2,800
(g) Cash of RM400 is received from a customer for a debt which was wrongly credited to the
trade payables
Instructions:
1. Prepare adjusting journal entries for transactions (a)-(g).
2. Prepare the adjusted trial balance as at 31 December 2019.​

Answers

Answer:

multiple choices or answer each question

Dribbling in field hockey is when you.

Answers

Answer:

Dribbling is a technique used in field hockey to move the ball forward using small touches with a hockey stick.

If I buy 4 books and 1 pen. 4 books: $14.29, $14.29, $13.29, and $9.29. Pen: $5.29. And I gave $60.00. How much change do I get back?
(No need to add tax because for the 4 books and 1 pen already has tax added.)

Answers

the answer is seventeen

Discuss how a government might influence private producers.

Answers

Answer:

A government can influence through taxation, subsidies, regulations, building use, prohibitions, import quotas etc.

Explanation:

Answer:

Legislation and Regulation Another way in which the government can influence the private producers is, through rules and regulations. The economies usually operate with a huge and growing amount of regulations.

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Which best describes an opportunity cost?
O accepting an opportunity to do something else when making an economic decision
O giving up an opportunity to do something else when making an economic decision
O accepting an opportunity to help accomplish something else when making an economic decision
O giving up an opportunity to increase prices when making an economic decision

Answers

Answer: B. Giving up an opportunity to do something else when making an economic decision

Explanation: An opportunity cost is the value of the next best alternative that is given up when making a decision. It represents the benefits that could have been gained from an alternative use of the same resources.

Therefore, B is the correct answer for this question <3

the answer would be c hope this helps

Explain three rights that consumers have when buying a service for example hiring a plumber to install a new shower

Answers

The three consumer rights that consumers have when buying a service are the right to be informed, the right to choose, the right to safety.

What are consumer rights?

The Consumer Bill of Rights protects consumers. Consumers have the right to be informed, the right to choose, the right to safety, the right to be heard, the right to have problems corrected, the right to consumer education, and the right to service, according to the bill.

Access to essential goods and services such as adequate food, shelter, clothing, health care, education, and sanitation - basic needs that should be available to all consumers - is defined as service.

Therefore, consumer right are essential when buying a service.

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Laura works for a company that sells luxury cars. Laura approaches a customer by offering the keys to a customer and encouraging them to take a test drive. Laura has
adopted the _____ approach method.

Answers

Laura has adopted the hands-on approach method.

How does Laura engage customers in test driving luxury cars?

By offering keys to customers and encouraging them to take test drive, Laura demonstrates hands-on approach which allows customers to experience the luxury cars firsthand and gives them opportunity to feel the power, comfort and overall experience of the vehicle.

By physically engaging with the product, customers can develop a deeper connection and understanding of the car's features and capabilities. It also allows them to assess the suitability of the vehicle for their needs and preferences.

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What would you need to start with the projects? (Explain brienly)​

Answers

Answer:

Explanation: canva

design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions

Answers

The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.

In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:

1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.

2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.

3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.

4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.

5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.

6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.

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"Group decision making is better". Do you agree or disagree with the statement? Give 3 reasons why do you say so?​

Answers

Answer:

I agree because it make the group bring out more ideals

sometimes group decision make some people to voice out their problems

group decision help organization and firms to operate in good aims

Dakota Coffee Company produces Columbian coffee in batches of 7,500 pounds. The standard quantity of materials required in the process is 7,500 pounds, which cost $6.00 per pound. Columbian coffee can be sold without further processing for $9.80 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.60 per pound. The processing into Decaf Columbian requires additional processing costs of $6,300 per batch. The additional processing will also cause a 5% loss of product due to evaporation.

Question Content Area
a. Prepare a differential analysis dated December 11 on whether to sell regular Columbian (Alternative 1) or process further into Decaf Columbian (Alternative 2). If required, use a minus sign to indicate a loss.

Answers

The differential analysis is attached accordingly. The workings are indicated below.

What is differential analysis?

Differential analysis is a decision-making approach that analyzes the net effects of two alternatives by examining the advantages and costs associated with each. The option chosen has the greatest advantageous (or least adverse) financial impact.

To arrive at the figures in the differential analysis first we derive the Revenue from selling regular Columbian:

Recall that:

Revenue = Sales x Quanity Manufactured; hence

9.8 x 7500

= $73,500

Revenue from Decan Columbian:

11.6 x (95% x 7500)

= 11.6 x 7125

= $82, 650

Cost of selling regular Columbian

Cost = Cost x Units produced

= 6 x 7500

= $45,000

Compute the cost of selling Decaf Columbian

In this case, Cost = Product Cost + Cost of processing

= 45,000 + 6300

= $51,300

Hence the figures indicated in the differential analysis.

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Dakota Coffee Company produces Columbian coffee in batches of 7,500 pounds. The standard quantity of

Inspectors are responsible for what:
A. Making rules and regulations
B. Choosing where businesses can operate
c. Enforcing rules and regulations
D. Making employment laws

Answers

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Igxugxugxuhxu guugxugxug

A company’s year end unadjusted trial balance shows account receivable of 103,000 allowance for doubtful accounts of $640(credit) and sales of $320000. Uncollectibles are estimated to be 1.50% of accounts receivable.
Prepare the December 31 year end adjusting entry for uncollectible
What amount would have been used in the year end adjusting entry if the allowance account had a year end unadjusted debit balance of 500?

Answers

$905 is the amount of the journal entry.

year-end adjusting entry will have the amount of $2045

What is a trial balance?

Business uses a trial balance, which is a summary of credit and debit values, to internally evaluate their dual bookkeeping.

The journal entry will be written as

Bad best account debited by 905

Allowance for doubtful debts will be also credited by 905.

The amount is calculated as

= 103000 * 1.50% - 640

= 4905

The amount which will be used at the end to create an adjusted account balance will be with respect to the 2045 amount. The journal entry will be

Bad debt expenses account debited to 2045

to the allowance for doubtful debt credited to 2045

The amount is calculated as

= 103000 * 1.505 + 500

= 2045

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Warner Company's year-end unadjusted trial balance shows accounts receivable of $103,000, allowance for doubtful accounts of $640 (credit), and sales of $320,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles View transaction list Journal entry worksheet Record the estimate of uncollectibles. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal 2. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $500? Amount used in the year and adjusting entry

Warner Company's year-end unadjusted trial balance shows accounts receivable of $103,000, allowance for doubtful accounts of $640 (credit), and sales of $320,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles View transaction list Journal entry worksheet Record the estimate of uncollectibles. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal 2. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $500? Amount used in the year and adjusting entry

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