A company takes out a loan for $5 million, which it has to pay back in five years, and it has to pay interest at the end of every year. The interest rate is 5.5%. • How much interest does the company have to pay every year?

Answers

Answer 1

Answer:

the interest that need to pay each year is $275,000

Explanation:

The computation of the interest that have the company to pay every year is shown below;

= Principal × rate of interest × time period

= $5,000,000 × 5.5% × 5

= $1,375,000

Now for each year it is

= $1,375,000 ÷ 5 years

= $275,000

Hence, the interest that need to pay each year is $275,000


Related Questions

In your own words, what is a franchise?




List 3 examples of franchises

1.

2.

3.




If you had to open a franchise and money was not an issue, which franchise would you choose and why?




Where would you open the franchise? Cleburne? In Texas? Where?

Answers

Answer:

an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.

1.Restaurants,

2.hotels,

3.resorts

hotel, because In the case of a hotel franchise, the franchisor is going to be a hotel brand, such as Hyatt, Hampton, or Sheraton, to name a few.

Answer:

I would choose the Franchise Dunkin Donuts since many people get hungry in the morning. And since plenty of people work in the day times. It would be a mastermind full proof plan of sweet success.

Explanation: I eat books

Which of the following is the range for the numbers 44,47,49,53,55,62,63,63,68 and 74?


27

29

30

44

Answers

Answer:

30 is the range for the list


9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what would you do?

Answers

Answer:

You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.

Explanation:

Which of the following steps in the college application process should be done as a junior, rather than as a senior?

1. Obtain your final high school transcript.

2. Register for the PSAT.

3. Write the essay that will accompany your application.

4. Gather letters of recommendation from teachers and mentors.

15 points instead of 10.

Answers

Answer:

4. Gather letters of recommendation from teachers and mentors.

Explanation:

Answer:

2. Register for the PSAT.

Explanation:

I'm a Mug Maniac.

The subject line in an email helps the recipient decide which messages to read and ______________ to read them.

Answers

Answer:

Is it The email subject line helps recipients decide which messages to read and when to read them

Explanation:

It makes the most sense

Jillian is a high school student who typically earns $275 every two weeks 1 point at her part-time job. She is responsible for paying her own cell phone bill, gas when she drives her mom's car, and costs of going out with friends. She wants to set a low balance alert. What amount probably makes the most sense for Jillian?

A - $50

B - $ 5

C - $500

D- &5000

Answers

$500 makes the most sense for Jillian. C.$500

The amount that makes the most sense for a low balance alert is A. $50

Jillian earns around:

= 275 * 2

= $550 a month

Out of this $550, she will have to pay for:

her cellphone billgas when she drives her mother's car and cost of going out

Those costs in a month will definitely put in dent in her account by a couple of hundreds so it would be best if her low balance alert is $50 because if she sticks to her budgeted expenses, she should be above this amount monthly.

In conclusion, having a low balance alert of $50 makes the most sense for Jillian.

Find out more at  https://brainly.com/question/17866882.


It’s too early for this and I need some assistance

Answers

Answer:

A

Explanation:

Doris put in $4000 in a 2-year CD paying 6% interest and being compounded monthly. What will her balance be after 2 years

Answers

Answer:

$4508.64

Explanation:

The formula for calculating future value:

FV = P (1 + r/m)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

m = number of compounding = 12

$4000 x (1 + 0.06 /12)^(2 x 12)

$4000 x 1.005^24

= $4,508.64

4508.64

Answer:

$4,261.93

Explanation:

It is the correct answer for the quiz. Full question by the way is "Doris put $4000 in a 5-year CD paying 6% interest compounded monthly. After 2 years, she withdrew all her money, and as an early withdrawal penalty, she paid back all interest she made during the first year. How much money was Doris left with?"

What is a credit card?

Answers

girl? :D

A credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt

It’s a card you make payments off of

Who is 13 and a girl

Answers

Answer:

there is 12,548,067 13 year old female children in the U.S that is 17% per a 2019 survey

15) Find the three consecutive even numbers whose sum is 36.
3y
16) Find y:- 8 = 1​

Answers

Answer:

Q)15: y=4 Answer

Q16): y=7 Answer

Explanation:

Q15:                                                Solution:

1st even consecutive number= y

2nd even consecutive number= y+2

3rd even consecutive number= y+4

y+y+2+y+4

2y+2+y+4

4y+y+4

5y+4

9y=36

9y/9=36 (9y divided by 9 with both side Left side and also right side and 9 and 9 will cut. Now y is left)

y=36/9 (Now divide the 36 with 9)

y=4 Answer

Q16).                                           Solution:                                                              

The equation is y-8 = 1 (Now we have to shift the 8 into left hand side).

y=8-1 (Now we have to minus the 1 from 8).

y=7 Answer

Please mark me as a brainlist.

Thank You

What will be the end result for the taxpayer who filed his federal income tax
return using the 1040EZ form shown below?

Answers

Answer:

I got " He Will Owe $180

Explanation:

A P E X

Answer: he will owe 250

Explanation:

Which of the following is an example of foreign direct investment?
A company sells supervisory seminars to train computer managers in developing countries.
The Continental Wire Company buys real estate in New Zealand for future use as a factory site.
A motor vehicle manufacturer creates a new department within the company to sell its cars and trucks in other
countries
A medical supply company in the United States and a hospital in Turkey unite to create a new business.

Answers

Explanation:

A company sells supervisory seminars to train computer managers in developing countries.

The Continental Wire Company buys real estate in New Zealand for future use as a factory site.

This might be the Example.

MARKING BRAINLIEST IF RIGHT, NO ABSURD ANSWERS!
1.) Which of the following items is not required by a financial institution to open an account?

A.) picture identification

B.) Social Security number

C.) proof of U.S. citizenship

D.) a physical address

Answers

Answer:

C.) proof of U.S. citizenship

Explanation:

Some requirements for opening a bank account may include: At least two forms of government-issued photo identification, such as a valid driver's license or passport. Social security number or individual taxpayer identification number. Utility bill with current address information.

Answer:

c

Explanation:

Some requirements for opening a bank account may include: At least two forms of government-issued photo identification, such as a valid driver's license or passport. Social security number or individual taxpayer identification number. Utility bill with current address information.

MARKING BRAINLIEST IF RIGHT! NO ABSURD ANSWERS!
1.) When using installment credit, a consumer:

A.) signs one contract that is good for purchases over the course of a year or more.

B.) needs a new contract each time new credit is extended.

C.) does not need a contract.

D.) pays no interest.

Answers

Answer:

I believe its A signs one contract

Answer:

I think the answer to this question would be, B.) needs a new contract each time a new credit is extended.

Explanation:

Hopefully this is the right answer! Sorry if this is the wrong answer. Good luck!

Carlos needs to combine words in a First Name and a Last Name column. Which of the following functions should he use

Answers

Answer:

with space: =A2&" "&B2

without space: =CONCATENATE(A2,B2)

Explanation:

When using Microsoft Excel the function that you would want to use would be the following

=A2&" "&B2

In this function, you will be combining the text in cell A2 and B2 with a space in the middle, you can change to the cells that you want and simply add &" "& in between them to combine them with a space.

If you simply want to combine the words with no space in between them you can use the concantenate function which combines words in two cells into one but without space.

=CONCATENATE(A2,B2)

What would you do if you were offered a promotion that you were not certain about accepting? What factors would you take

Answers

Answer:

There are several factors to consider when accepting a new job offer. It is necessary to analyze whether the working conditions are in accordance with your expectations and career plan.

It is important to consider the roles and responsibilities of the position that you may assume, analyzing the job's assignments will give you a margin to consider whether the job offer is in line with your profile. It is also important to analyze the remuneration and benefits package offered to the position, as this can be advantageous and will influence your choice of accepting or not the offer.

Finally, it is important to analyze whether the offer is an opportunity that will contribute to your personal and professional growth, as in the work environment, there will always be new challenges that will be positive for the development of new skills and knowledge.

Sunland Company owns equipment that cost $73,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $13,000 and an estimated useful life of 5 years. Prepare Sunland Company's journal entries to record the sale of the equipment in these four independent situations. (a) Sold for $39,000 on January 1, 2022. (b) Sold for $39,000 on May 1, 2022. (c) Sold for $22,000 on January 1, 2022. (d) Sold for $22,000 on October 1, 2022.

Answers

Answer and Explanation:

The journal entries are shown below;

(a)

Cash $39,000  

Accumulated Depreciation $36,000  [($73,000 - $13,000) × 3 ÷ 5]

       To Equipment  $73,000  

      To Gain on Sale of Equipment  $2,000  

(being the sale of equipment is recorded)    

(b)

Depreciation $4,000  [($73,000 - $13,000) ÷ 5 × 4 ÷12]

        To Accumulated Depreciation  $4,000  

(being depreciation expense is recorded)    

Cash $39,000  

Accumulated Depreciation $40,000  ($36,000 + $4,000)

          To Equipment  $73,000  

          To Gain on Sale of Equipment  $6,000  

(being the sale of equipment is recorded)      

(c)

Cash $22,000  

Accumulated Depreciation $36,000  

Loss on Sale of Equipment $15,000  

         To Equipment  $73,000  

(being the sale of equipment is recorded)    

(d)

Depreciation $9,000  [($73,000 - $13,000) ÷ 5 × 9 ÷ 12]

        To Accumulated Depreciation  $9,000  

(Being depreciation expense is recorded)    

Cash $22,000  

Accumulated Depreciation $45,000  ($36,000 + $9,000)

Loss on Sale of Equipment $6,000  

             To Equipment  $73,000  

(being sale of equipment is recorded)  

The insurance pathway includes workers who deliver services that transfer risk from an individual or business to an insurance company to protect individuals and businesses from financial losses. Question 1 options: True False

Answers

Answer:

true

Explanation:

i took the 7.01 finance quiz and got it right.

When we speak, we are either trying to inform, persuade, or entertain our audience.
A) True
B) False

Answers

in general i think false, we can talk pointlessly sometimes

Answer:

True

(This is filler writing, sorry.)

You have been invited for an interview as a Reward manager for a large hospital. As part of the interview you are to make a brief presentation entitled ‘Total Reward Systems – how employees and employers’ benefit’. Outline and justify the main points that you would want to make. ​

Answers

Answer: When speaking during the program, I'll highlight that reward systems are encouragement systems which is beneficiary to both the employer and employee

Explanation:

Total reward system in organizations points to recognizing the efforts of staff, both those who do well and those who don't. It's a measure for analysing the performance of the workers and seek ways for them to improve.

When speaking during the program, I'll highlight that reward systems are encouragement systems which is beneficiary to both the employer and employee. How are they beneficial?

When workers are encouraged with rewards, it tends to boast their performance, thereby making them to improve on the existing method of working, this also serves as a pointer to those who didn't perform well to do better and be motivated, when all this are put in place the greatest beneficiary is the employers because the business grows.

Investors minimize risk by investing money in __________. A. one specific company B. a variety of companies C. newly-formed corporations D. companies that are competitors Please select the best answer from the choices provided A B C D

Answers

Answer: B. a variety of companies

Explanation:

Investors minimize risk by investing money in a variety of companies. The reason for this is to minimize risk. Investing in one specific company isn't ideal because in the case of the company running at a loss, the investor loses all his or her money as well.

On the other hand, when the investor invest in different companies, the risk is minimized. When one company isn't doing well, others will probably be doing well.

what principle of arts used in kampilan?​

Answers

Answer:

A kampilan is a type of single edged long sword used as a traditional blade

Explain how to identify which priced product you should show when you cannot determine a customer's intended price range?

Answers

Answer: When a customer doesn't have an idea of the priced product they want it is best to present to them a medium priced product, then begin adjustment of either going up or down based on their response.

Explanation:

Pricing in business can result to various outcome, because you are in bid to make the client buy the product, there occasions where you might state a high price and they buy and some other case they don't and they are case where you state a low price,they buy and you get affected by some loss. When a customer doesn't have an idea of the priced product they want it is best to present to them a medium priced product, then begin adjustment of either going up or down based on their response.

Explain why the bank has asked to see your business financial records?​

Answers

Answer:

They might be looking for a higher level of comfort as the loan exposure grows,

Explanation: None

If you could have $100 right now or $150 in one year, which would you choose and why?

Answers

$100 rn so I can invest it

Types of services that are most commonly exported by the United States include each of the following except:
A. police services,
B. financial services
C. medical services.
D. entertainment services.

Answers

D. entertainment services.
The answer is letter D

Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp rise in the inflation rate. What change in the Federal funds rate would you recommend?

Answers

Answer:

Increase in the Federal fund rate

Explanation:

The Federal fund rate may be defined as the interest rate that the bank charges on another bank for an overnight loans. In other words it is the interest charged on the excess reserve that other borrows or lends overnight.

The Federal bank takes help of the Federal fund rates to keep a control on the inflation which encourages healthy economic growth.

In the context, when the economy of a country is experiencing sharp increase in inflation rate, I would recommend to increase the Federal fund rate so as to control the inflation rate being increased.

Both inflation rate and Federal fund rate are related closely to the relative availability of the reserves or the relative scarcity of he reserves in the Federal.

Which is considered part of a person’s income for the year?

Answers

Answer:

Gross income is everything that an individual earns during one year, both as a worker and as an investor. Earned income includes only wages, commissions, bonuses, and business income, minus expenses, if the person is self-employed.

Explanation:

Describe at least three things you could do to prepare for giving an effective and engaging business presentation

Answers

Answer:

An effective business presentation can be given by using these three formulas :

1.Know what you're talking about and be ready to answer inquiries about it.

2. Rehearse your speech until you become comfortable with it.

3. Get lots of rest the evening beforehand and also have a modest meal on the morning of the event.

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