subject
Business, 11.09.2019 03:30 twistedhyperboles

Jacob needed money for some unexpected expenses, so he borrowed $5,890.25 from a friend and agreed to repay the loan in seven equal installments of $1,250 at the end of each year. the agreement is offering an implied interest rate of:
a) 14.85%
b) 9.57%
c) 11.00%
d) 12.98%
jacob's friend wilson, has hired a financial planner for advice on retirement. considering wilson's current expenses and expected future lifestyle chnages, the financial planner has stated that once wislon crosses a threshold of $8,452,622 in savings, he will have enough money for retirement. wilson has nothing saved for his retirement yet, so he plans to start depositing $40,000 in a retirement fund at a fixed rate of 11.00% at the end of each year. it will take years for wilson to reach his retirement goal.
a) 30.55 years
b) 41.24 years
c) 38.19 years
d) 25.97 years

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 05:50
Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.
Answers: 2
question
Business, 22.06.2019 20:00
Which motion below could be made so that the chair would be called on to enforce a violated rule?
Answers: 2
question
Business, 22.06.2019 21:00
Reagan corporation is a wholesale distributor of truck replacement parts. initial amounts taken from reagan's records are as follows:
Answers: 1
question
Business, 22.06.2019 22:50
Awork system has five stations that have process times of 5, 9, 4, 9, and 8. what is the throughput time of the system? a. 7b. 4c. 18d. 35e. 9
Answers: 2
You know the right answer?
Jacob needed money for some unexpected expenses, so he borrowed $5,890.25 from a friend and agreed t...
Questions
question
Mathematics, 08.02.2021 15:10
question
Mathematics, 08.02.2021 15:10
question
Mathematics, 08.02.2021 15:10
question
Mathematics, 08.02.2021 15:10
question
Mathematics, 08.02.2021 15:10
question
Physics, 08.02.2021 15:10
question
Mathematics, 08.02.2021 15:10
Questions on the website: 13722363