Business, 12.08.2020 05:01 dakodahepps

A company purchased equipment and signed a 4-year installment loan at 10% annual interest. The annual payments equal $10,600. The present value of an annuity factor for 4 years at 10% is 3.1699. The present value of a single sum factor for 4 years at 10% is .6830. The present value of the loan is:

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Answer from: peno211

$33,600.94

Explanation:

the present value of the loan = annuity payment x annuity factor = $10,600 x 3.1699 = $33,600.94

we can check that this amount is correct by:

first payment = $10,600 - ($33,600.94 x 10%) = $7,239.91

principal balance after first payment = $33,600.94 - $7,239.91 = $26,361.03

second payment = $10,600 - ($26,361.03 x 10%) = $7,963.90

principal balance after second payment = $26,361.03 - $7,963.90 = $18,397.13

third payment = $10,600 - ($18,397.13 x 10%) = $8,760.29

principal balance after third payment = $18,397.13 - $8,760.29 = $9,636.84

fourth payment = $10,600 - ($9,636.84 x 10%) = $9,636.32

principal balance after fourth payment = $9,636.84 - $9,636.32 = $0.52 (rounding error)

Answer from: Quest

among other factors, composers started writing dynamic markings in their scores because "new instruments allowed for more dynamic ranges and contrast."

dynamics allude to the loudness or softness of music. dynamics offer an approach to demonstrate articulation in sheet music. they to drive the enthusiastic substance of music through volume and force. maybe you could alter both the volume and the shading profundity on your screen at the same time. we can likewise think about the force side of elements as the quality of a note. a few notes are intended to be played delicately and gently, while others are intended to be played all the more firmly.

some dynamics markings have a letter 'm,' which remains for mezzo, signifying 'medium.' so a mezzo piano unique stamping resembles this (mp) and intends to play medium calm, while a mezzo specialty dynamic resembles this (mf) and intends to play medium loud.

Answer from: Quest

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best of luck,

the divergent

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A company purchased equipment and signed a 4-year installment loan at 10% annual interest. The annua...

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