The monthly payment is approximately $334.7 and the total interest paid over the loan term is approximately $2,065.6. This was calculated using the formula for an annuity loan and using details provided in the question.
Explanation:This is a question about loan repayment and involves calculating both the monthly payment and the total amount of interest paid over the loan term. To calculate the monthly payments, we can use the formula for an annuity loan: P = [r*PV] / [1 - (1 + r)^-n], where P stands for payment, r is the monthly interest rate, PV is the present value, and n is the number of payments.
First, convert the annual 7% interest rate into a monthly rate by dividing by 12, giving an r value of 0.007. The present value (PV) is the loan amount of $14,000 and the number of payments (n) is the total number of months in 4 years, which is 48. Substituting these values, we get P = [0.007 * 14000] / [1 - (1 + 0.007)^-48] = around $334.7.
For the total interest paid, multiply the monthly payment by the total number of payments and subtract the original loan amount. So, total interest = $334.7 * 48 - $14,000 = around $2,065.6.
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Horticulture is how both the natural and artificial physical features of a place are arranged. True False
Which specific software tool would you implement to collect and analyze your company's "big data"?
_____ is the dimension of a contract that is concerned with the degree to which the agreement is manifest to those not party to it.
Assuming a country's economy maintains an 8% rate of growth, young adults starting at age 20 would see the average standard of living in their country more than double by the time they had reached age __________.
The formula for exponential growth rate is:
A = Ao e^(k t)
where A is the final standard of living, Ao is the initial, k is the growth rate constant in decimal = 0.08, t is time elapsed
So we will find t at A/Ao = 2
A/Ao = e^(k t)
2 = e^( 0.08 t)
t = 8.66 ~ since more than therefore 9
So by the time they reached age 29
Young adults starting at age 20 in an economy with 8% growth rate will see a significant increase in average standard of living by age 30 and a substantial sixfold growth by age 45 due to compound growth.
Young adults starting at age 20 and experiencing an 8% growth rate in the economy will see the average standard of living in their country more than double by the time they reach age 30, and grow nearly sixfold by the time they reach age 45. This is due to the impact of compound growth over time.
The green giant has a 5% profit margin and a 40% dividend payout ratio. the total asset turnover is 1.40 and the equity multiplier is 1.50. what is the sustainable rate of growth?
The largest amount of money that the federal government lays out is for the transfer program, _____. and its largest expenditure is for _____.
Supermarkets may use __________ on information collected at checkout to determine that beer and diapers are often purchased together, and they may act on this information to place those items near one another in stores.
Answer: Supermarkets or other retail stores may use information technology or data mining on checkout items to determine whether certain items are often purchased together. This will help the stores decide where to place the items in relation to each other. Many times beer will be purchased with diapers and the beer will be strategically placed near the children's diaper section but on the other side of the aisle. The stores may also just have an end cap of diapers placed on the end or middle of the aisle so it can be seen by the consumers.
___________ refers to educating technical and operational employees in how to better do their current job.
A _____ is a group of employees responsible for an entire work process or segment that delivers a product to an internal or external customer.
Members at a yoga school pay $10 per class plus a one time $100 membership fee.non members pay $15 per class.how many classes would a member have to take to save money compared to taking classes as a non member?
Individuals need to take 21 classes to save money compared to taking training as a non-member.
What's the cause of the club?An awful lot of the purpose of a membership application is nearly usually to grow the monetary, political, and/or operational stability of the organization.
What is the cost of the club?Perceived member price is what your members feel they receive from you, be that their access to services or blessings in their membership and capability to take part. this will be quite distinct from the actual member value as a number of your participants can be unaware of the benefits and offerings you may offer to them.
What's the advantage of affiliation membership?Reductions in training, activities, and extra -- club associations are appealing because they provide perks to their contributors. Perks often encompass discounts on expert schooling, publications, and event tickets.
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How does a building become rent stabilized from rent controlled?
A good reason for cutting meats and poultry into thin slices for sandwiches is that
(tco 7) which access control method is characterized by the information owner being responsible for assigning privileges to appropriate users?
Currently in the united states, _____ of adults are overweight. one-half three-quarters one-third two-thirds
Currently in the United States, two-thirds of adults are overweight.
Certainly!In the United States, "two-thirds" refers to a fraction of the adult population. Specifically, it means that out of every three adults, approximately two are considered overweight. This statistic highlights a significant portion of the population facing issues related to weight management, which can have various implications for public health, healthcare systems, and individual well-being.
In the experimental method, the ____ variable is controlled by the researcher while the ____ variable is the outcome that the experimenter observes and records
In experimental research, the independent variable is manipulated by the researcher and the dependent variable is what is measured to determine the effects of the manipulation.
In the experimental method, the independent variable is controlled by the researcher while the dependent variable is the outcome that the experimenter observes and records.
The independent variable is the variable in an experiment that the researcher manipulates; it is considered the cause in a cause-and-effect relationship within the experiment. In a well-designed experimental study, the independent variable is the only essential difference between the experimental group and the control group. On the other hand, the dependent variable, also known as the outcome variable, is what the researcher measures to see how much effect the independent variable had, and it is considered the effect in the relationship.
A technology supply store advertises new tvs for $100 a month for six months instead of $600 in order to
The answer is to make a larger price tag look more manageable. With a price tag of six hundred dollars, it is a large price tag for a television, which is why advertising a television for one hundred dollars for six months is more eye-catching, since it’s a lot less expensive and it is considered to be manageable.
What was an important influence of railroads on modern business practices ? a- strict government regulations for railroads brought strict regulation to oil and steel b- railroads formed corporations that raised money through issuing stocks and bonds c- the use of nonstandard materials set an example for other businesses d- railroads made it possible for other businesses to locate resources?
B is the answer to the question
Compared to producers, consumers will lose the lesser amount of surplus from a tax if
Why should managers be concerned about how the decisions they make affect others?
The ________ is a set of phases that temporary groups go through that involves transitions between inertia and activity.
A business decision maker’s decision is more likely to raise ethical concerns in a society where
if a certain country considered handshakes in business transactions to be taboo and preferred to use nodding, this would be an example of differences in ____ forces.
John is an alcoholic. he recently signed a contract to buy a very expensive home. prior to signing the contract, he had six or eight cocktails. what is likely to happen with the contract?
Contracts require some conditions to be created according to the law of contracts. One of the conditions is that both parties must agree to the terms of the contract, usually referred as meeting of the minds. Since John was impaired (drunk) during the meeting of the minds, he was incapable to understand the terms he was agreeing to.
The first costs assigned to ending inventory are the costs of the beginning inventory under the
What are the benefits of a long-term bond over a short-term bond?
Its c---------------------------------------
has grater risks but a greater return
You would check ________ for images that are not copyrighted.
In order to maximize profits in the short run a firm should produce where
Answer:AVT is minimized
Explanation:
When it is said that a perfectly competitive firm is a price taker, this means?
Computronics, inc. has a current ratio of 1.5. this implies that if the firm liquidates its current assets in order to pay off its current liabilities, it can sell the current assets for as little as:
Scorpion gulch & western railway is preparing to build a new line through rolling mountains. they have hired you to do some calculations for tunnels and bridges needed on the line. you set up a cartesian coordinate system with
The question is about mathematical calculations needed for engineering tasks such as designing tunnels and bridges for a new railway line through mountainous terrain, which involves geometry and calculus.
Explanation:The subject of the question is Mathematics, specifically real-world applications of geometry and calculus related to construction and engineering. Although the question is presented in a narrative form, the reference to 'calculations for tunnels and bridges' along a new railway line suggests problems that would likely involve geometric measurements and possibly optimization calculations using calculus for determining the most efficient construction methods. The student is likely to deal with tasks like measuring distances, calculating gradients, volumes, areas of cross-sections of tunnels, and optimizing material use for bridges within a mountainous terrain.