answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katyanochek1 [597]
2 years ago
13

Sebastian has just graduated after four years of university. He took out an unsubsidized Stafford loan worth $8,180 to help pay

for his tuition. The loan has a duration of ten years. If the loan has an interest rate of 5.3%, compounded monthly, how much interest capitalization has occurred by the time he graduated? Round all dollar values to the nearest cent.
Business
1 answer:
photoshop1234 [79]2 years ago
3 0

Answer:

$1,926.97

Explanation:

Given the following :

Loan amount (L) = 8,180

Interest rate (I) = 5.3%

Period (n) = 4 years

Using the formula:

A = L(1 + I/t)^nt

Where A = final amount

t = number of compounding periods per year

A = 8180( 1 + 0.053/12)^(4 * 12)

A = 8180 ( 1 + 0.0044166)^48

A = 8180 * ( 1.0044166)^48

A = 8180 * 1.2355709

A = 10106.970

Final amount after 4 years = 10,106.970

Hence amount Paid as interest over that period will be :

Final amount - Loan amount

10,106.970 - 8,180

= $1,926.97

You might be interested in
A fast-growing form of foreign direct investment is sovereign wealth funds (SWFs). Why do these investments by governments with
PolarNik [594]

Answer:

Large firm can gain control of natural resources.

Explanation:

Investments by governements with surplus cash flows do worry trade expert as believe as investing in large firm by goverment will take away control of natural resouces by government and corporate will have more control on natural resources, sensitive technologies of nation and management control.

Generally, sovereign wealth funds (SWFs) is governement funded investment to improve economy and develop nation and it´s citizen, however, a fast-growing form of foreign direct investment is sovereign wealth funds will have adverse affect on country´s citizen and resources nation have.

5 0
1 year ago
The following are nine technical accounting terms introduced or emphasized in this chapter. Responsibility margin Transfer price
Ostrovityanka [42]

Answer: Please refer to Explanation

Explanation:

The terms will be listed in bold at the end of the statement. If you require further clarification please do comment.

a. The costs deducted from the contribution margin to determine the responsibility margin. TRACEABLE FIXED COSTS.

b. Cost to produce plus a predetermined markup. COST-PLUS TRANSFER PRICE

c. Fixed costs that are readily controllable by the manager. NONE

d. A subtotal in a responsibility income statement, equal to responsibility margin plus committed fixed costs. PERFORMANCE MARGIN.

e. The subtotal in a responsibility income statement that is most useful in evaluating the short-run effect of various marketing strategies on the income of the business. CONTRIBUTION MARGIN.

f. The subtotal in a responsibility income statement that comes closest to indicating the change in income from operations that would result from closing a particular part of the business. RESPONSIBILITY MARGIN.

g. The amount used in recording products or services supplied by one business unit to another. TRANSFER PRICE.

5 0
2 years ago
If a company pays dividends on a stock, does that mean that the stock has appreciated in value? Why or why not?
PolarNik [594]

Dividend is the amount of share in the earnings paid by the company to its shareholders for their investment in the company. So dividend is paid out of the earnings made by the company and it has no relation with the increase or decrease in the value of the stock.

Hence, If a company pays dividends on a stock, it does not mean that the stock has appreciated in value.


4 0
2 years ago
Read 2 more answers
Some level of risk planning should be done during ________ of the project life cycle to make sure that a contractor understands
ArbitrLikvidat [17]

Answer:

The correct answer to the following question is Initiating phase of the product life cycle.

Explanation:

When a company undertakes a project there is always risk on the success of project objectives, that's why it is important that a company implements risk management process as early as they can in the projects life cycle, starting with the initiating phase of the life cycle. So that the risk can be identified in early stage and then it cab be assessed properly and right responses can be developed before moving on to next stage of projects life cycle.

8 0
1 year ago
Two workers have the job of placing plastic labels on packages before the packages are shipped out. The first worker can place 1
monitta

Answer:

The correct answer is: The second worker.

Explanation:

Productivity is an economic term describing the relationship between outputs as compared to inputs needed to produce those outputs. It is a measure of efficiency. Typically inputs are raw materials, labor, and capital assets. Outputs are generally expressed as either revenue or total units of finished goods.

In the example, a form to measure each worker's productivity is comparing how many plastic labels they can place per hour. Thus:

  • Worker 1: <em>1000 per 1/2 hour (30 minutes) </em>
  • Worker 1: <em>2000 per 1 hour  </em>

  • Worker 2: <em>850 per 1/3 hour (20 minutes)</em>
  • Worker 2: <em>2550 per 1 hour </em>

Then, the second worker is more productive.

3 0
2 years ago
Other questions:
  • How did innovations in marketing and sales encourage conspicuous consumerism in the united states?
    15·2 answers
  • PLEASE HELP FAST!!!
    9·1 answer
  • Brenda young desires to have $15,000 eight years from now for her daughter's college fund. if she will earn 6 percent (compounde
    9·2 answers
  • Managerial accounting is different from financial accounting in that: Multiple Choice Managerial accounting is more focused on t
    13·1 answer
  • If the month-end bank statement shows a balance of $72,000, outstanding checks are $54,000, a deposit of $15,000 was in transit
    10·1 answer
  • Boat's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking
    9·1 answer
  • Rank the following three single taxpayers in order of the magnitude of taxable income (from lowest to highest). (First mean high
    7·1 answer
  • Tomey Corporation has two production departments, Forming and Finishing. The company uses a job-order costing system and compute
    9·1 answer
  • Suppose a museum charges different entrance fees for children, students, adults and seniors, but these groups all pay the same a
    5·1 answer
  • 1 pts A $1.50 tax levied on the buyers of pomegranate juice will shift the demand curve Group of answer choices upward by exactl
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!