Loan 1:
Loan Amount: $10,000
Interest Rate: 12 percent
Loan Term: 12 months
Upfront fees: $125.00
Monthly Payment: $888.49

What is the total amount paid on Loan 1?

Answers

Answer 1

Answer:

$10,786.88

Explanation:

The total amount paid on loan will be the sum of monthly payments and the deposit paid.

Monthly payments = $888.49 per month

Number of months = 12

Total monthly payments :  $888.49  x  12= $10,661. 88

Upfront fee( deposit) $125

Loan amount

=$10,661. 88 + $125

=$10,786.88


Related Questions

Which of these examples demonstrate common qualifications for Information Support and Services careers? Check
all that apply.

Gabriella is a good leader and handles responsibility well.

Blaine can stand for long periods of time without getting tired.

Maureen is able to lift heavy objects.

Kyung can accurately estimate how long different tasks will take.

Carter is skilled in art and graphic design.

Octavio is good at breaking down large projects into smaller steps.

Answers

Answer:

146

Explanation:

Answer: 1. Gabriella is a good leader and handles responsibility well.

4. Kyung can accurately estimate how long different tasks will take.

6. Octavio is good at breaking down large projects into smaller steps.

11. Calculating the price elasticity of supply Felix is a stay-at-home parent who lives in Houston and does some consulting work for extra cash. At a wage of $25 per hour, he is willing to work 4 hours per week. At $40 per hour, he is willing to work 10 hours per week. Using the midpoint method, the elasticity of Felix's labor supply between the wages of $25 and $40 per hour is approximately , which means that Felix's supply of labor over this wage range is

Answers

Answer:

The elasticity of Felix's labor supply between the wages of $25 and $40 per hour is approximately 1.08.

Since 1.08 is greater 1, this means that Felix's supply of labor over this wage range is elastic.

Explanation:

From the question, we have:

New number of hours willing to work = 10

Old number of hours willing to work = 4

New wage = $40

Old wage = $25

Generally, the formula for calculating the price elasticity of labor supply is as follows:

Price elasticity of labor supply = Percentage change in hours willing to work / Percentage change in wage ................ (1)

Where, based on the midpoint formula, we have:

Percentage change in hours willing to work = {(New number of hours willing to work - Old number of hours willing to work) / [(New number of hours willing to work + Old number of hours willing to work) /

2]} * 100 = {(10 - 4) / [(10 + 14) / 2]} * 100 = 50%

Percentage change in wage = {(New wage - Old wage) / [(New wage + Old wage) / 2]} * 100 = {(40 - 25) / [(40 + 25) / 2]} * 100 = 46.1538461538462%

Substituting the values into equation (1), we have:

Price elasticity of labor supply = 50% / 46.1538461538462% = 1.08333333333333

Approximated to 2 decimal places, we have:

Price elasticity of demand = 1.08

The elasticity of Felix's labor supply between the wages of $25 and $40 per hour is approximately 1.08.

Since 1.08 is greater 1, this means that Felix's supply of labor over this wage range is elastic.

What is the answer ??? 10 points

Answers

Answer:

Initial payments includes a higher amount of money being paid upfront so the amount borrowed is less.

Explanation:

A down-payment is the initial cash payments that a borrower makes when they want to borrow money to finance the purchase of an expensive good or service. The down-payment is expressed as a percentage of the total amount to be borrowed. Because the nonpayment is paid in cash, it reduces the loan amount. A down-payment reduces the lender's risk enabling them to offer loans at lower interest rates

.What are some potential difficulties that you might encounter when doing business in the Chinese market?

Answers

Answer:

The answer is below

Explanation:

There are various potential difficulties one might encounter when doing business in the Chinese market. Some of which are:

1. Intellectual property issue: this is an area of business that is known to be one of the big issues in China. It is reported that a lot of inventors have problems in protecting their inventions, as many other competitors can just pick the invention idea and build on it without sanctions.

2. Governmental challenges: there is a huge issue of lack of transparency and corruption in China, most especially against foreign business owners.

3. Market Access: because of the diverse and big difference in consumers' consumption habits and distribution operations in China compared to other countries, most especially non-Indochina countries, will make the market access difficult for foreign business.

4. Consumer preference: consumers' preference in China is reported to be different and distinct compared to what is obtained outside China. Hence, foreign business owners will find it challenging to cope.

5. Bureaucracy: to obtain necessary licenses and permits in china requires going through a long process, which may even be more delayed to foreign business owners.

Dennis has just gotten a new job at a national credit card company's headquarters. He is working in the
human resources department. It is likely that, as far as health insurance is concerned,
his employer is paying 100 percent of the contributions
he must find his own health insurance
he is paying 100 percent of the contributions
he and his employer are both paying a portion of the contributions

Answers

Answer:

He and his employer are both paying a portion of the contributions

Explanation:

Most employees of private companies in the United States have employer-sponsored healthcare insurance. This means that the company they work for chooses the insurance plan, and pay the biggest share of the cost of the plan. However, the employee also has to contribute to the cost, allocating a percentage of his salary for this installment.

This is the type of plan Dennis would be enrolled once hired by the national credit card company.


If a business experiences a loss for three years straight, the _______ concept tells us to assume the business will continue operations regardless.

Answers

Explanation:

Do you have any answer choices? Are do you have to find the blank?

Slogan for voice notes it’s a notebook that’s writes for u when u speak

Answers

how much does it cost?

Select the correct answer from each drop-down menu.
What does a personal budget do?
A personal budget provides a ( salary slip, detailed account, summary)
of income and expenses for a (monthly,given,yearly)
period.

Answers

Answer:

A personal budget provides a detailed account of income and expenses for a period.

Explanation:

A personal budget is a plan of how one intends to spend their income.  It shows the source of income and the total on one side. The expenses are listed on a different side. Each expenditure item is listed and its estimated amount is indicated. The total of all incomes and expenses is shown on their respective sides.

A personal budget may be prepared for a regular income say monthly, weekly, or quarterly payments. It can also be prepared for irregular incomes such as loans, gifts, or bonuses.

Answer:

A personal budget provides a Summary of income and expenses for a

Given period

Explanation:

got it right on the test for edmentum.

what is 4/8 = ??????????????????????

Answers

Answer:

4/8 is equivalent to 1/2

Explanation:

Hope it helps a lot :]

Answer:

4 divided by eight? if this is the question then the answer is 1/2

Explanation:

let me know if that was what you were asking

Suppose that in order to discourage people from smoking the government decides to place an excise tax on every pack of cigarettes sold. As a result of the tax, the supply of cigarettes decreases by 150 packs of cigarettes at each price.

Answers

Answer:

Following are the solution to this question:

Explanation:

Please find the complete question in the attachment file.

For point A:

The complete table can be defined as follows:

[tex]\bold{price \ \ \ \ \ \ \ \ \ pre-tax \ \ \ \ \ \ \ \ \ post-tax}\\\\2 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 50\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0\\\\2.5\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 100\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0\\\\3\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 150 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0\\\\3.5 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 200\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 50\\\\4 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 250\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 100\\\\[/tex]

For point B:

When the price is 3.5, producers are fully capable of selling 50 cigarette packages.

Describe the importance of the OSHA and what help they provide for small companies.

Answers

Answer:

OSHA's role is to assure the safety and health of America's workers by setting and enforcing standards; providing training, outreach, and education; establishing partnerships; and encouraging continual process improvement in workplace safety and health

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