Example 31: S borrows 5,00,000 to buy a house. If he pays equal instalments for 20 years
and 10% interest on outstanding balance what will be the equal annual instalment?
Solution: We know​

Answers

Answer 1

Answer:

$58.729

Explanation:

To find the answer, we need to use the present value of an annuity formula.

The formula is:

P = X [(1 - (1 + i)^-n) / i ]

Where X is the annual instalment

P is the present value of the investment (500,000 in this case)(

i is the interest rate (10% in this case)

and n is the number of periods (20 years in this case)

We now plug the amounts into the formula:

500,000 = X [ (1 - (1 + 0.10)^-20) / 0.10 ]

500,000 = X [8.51356]

500,000 / 8.51356 = X

58,729 = X

So the value of the equal annual instalment will be $58.729


Related Questions

provide one to two strategies you might incorrect to ensure effectiveness of persuasive message in business.

provide one to two strategies to help ensure the most polite professional and appropriate manner to deliver bad news in business.​

Answers

Explanation:

Persuasive message:

A persuasive message in business has as its main objective to convince the public to act or do something, such as carrying out tasks, engaging in a project or closing sales. So two effective strategies could be:

speak or write about the advantages that the public will have in carrying out what is being asked for or sold. have good oratory and convincing skills when using mental triggers and persuasive techniques

Deliver bad news in business:

In order to deliver negative messages to an organization, the communication process must be carried out with great caution, since negative news are generally received with dissatisfaction by the public and if they are not passed on effectively they can cause conflicts and other problems in the organizational environment. Some strategies for delivering negative messages would therefore be:

Using an indirect approach to cushion bad news, this approach aims to not speak the news right at the beginning of the message, but to list the facts that have led to a negative situation, so there is a greater sense of understanding by the audience and cushioning the central news. Be as transparent as possible, recognizing the difficulties that the company will face at the moment but using positive elements in the message that reiterate the union and the overcoming of the whole company.

Information regarding the potential for a job opening is a _____.

job board
job lead
job offer
job description

Answers

The answer to this would be that it is a JOB LEAD

Answer:

Your answer is "Job lead"

The following account appears in the ledger prior to recognizing the jobs completed in January:

Work in Process
Balance, January 1 $17,510
Direct materials 142,360
Direct labor 153,560
Factory overhead 80,720

Jobs finished during January are summarized as follows:

Job 210 $70,950
Job 224 $82,770
Job 216 43,360
Job 230 161,600

Required:
a. Journalize the entry to record the jobs completed.
b. Determine the cost of the unfinished jobs at January 31.

Answers

Answer:

Following are the solution to this question:

Explanation:

In point a:

Journal Entry :

Account                                      Dr                            Cr.

Goods completed              [tex]\$358,680[/tex]

Processing work                                                 [tex]\$358,680[/tex]

Complete total labour costs

[tex]= \$70,950 + \$82,770 + \$ 43,360 + \$ 161,600 \\\\ = \$ 358680[/tex]

In point b:

Uncompleted jobs cost:

[tex]\text{Balance, January 1} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$17,510\\\\\text{Direct materials} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$142,360\\\\ \text{Direct labor } \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$153,560\\\\\text{Factory overhead } \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$80,720\\\\\text{Cost of Finished Goods Transferred} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ (\$ 358680)\\\\\text{Cost of Unfinished Jobs on Aug 31} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$ 35470\\\\[/tex]

Dale’s young son does not know much about his dad’s job but he does know that his dad works at the Chevy Manufacturing Plant. Dale explains to his son that he works in “Quality Control.” How might Dale simply describe the place that he works in and some of the tasks he performs to his son? How might Dale explain the jobs of other people in his plant?

Answers

Answer:

Dale would explain that he makes sure that everything is running smoothly and that he has to make sure that everyone is doing everything correctly.

Explanation:

I got 15/15 on the questions. :)

Also, make sure you rewrite a few words so you don't get in trouble!

Answer:

Dale can start by explaining what he does on a daily basis? and how he got his job? By explaining these to his son he can understand his dad's job better.  

Dale can inform his son that he works in the career pathway called Quality Assurance which falls under the Manufacturing career cluster, where he makes sure that all standards and procedures are followed to ensure that every product is top-notch, high quality, and good enough to send out. In addition, he can express the kind of education he requires for this job, such as the type of degrees/diplomas necessary. The educational requirements for his job range from a high school diploma to a master's degree. Furthermore, Dale can point to a few of his co-workers who are inspectors, lab technicians, process technicians, and quality engineers.

 

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