True. The Sarbanes-Oxley act of 2002 attempts to increase corporate accountability by imposing strict disclosure requirements and harsh penalties for securities laws.
In 2002, the legislation's proponents, U.S. Senator Paul Sarbanes (D-MD) and U.S. Representative Michael G. Oxley gave it the moniker Sarbanes-Oxley (R-OH). Therefore, in order to be "SOX compliant," upper executives must personally vouch for the correctness of financial data. Additionally, the consequences of engaging in dishonest financial conduct are very harsh.
The act strengthened the responsibility of directors in providing supervision and expanded the independence of external auditors who check the accuracy of business financial statements.
In response to many significant accounting and corporate scandals, including those involving Enron, Tyco International, Adelphia, Peregrine Systems, and WorldCom, the measure was passed. These crises destroyed people's faith in the US securities markets and lost investors thousands of dollars as the share prices of the corporations involved fell.
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economic growth is best defined as an increase in: group of answer choices total consumption expenditures wealth in the economy either real gdp or real gdp per capita nominal gdp
Economic expansion paves the way for rising living standards and increased product and service consumption.
What is the best way to define economic growth?Economic growth is defined as an increase in the output of goods and services per head of population over a specified period of time in the Oxford Dictionary. Increases in an economy's production capacity or potential GDP are referred to as economic growth. The main factor affecting changes in a society's standard of living—often determined by real GDP per capita—is the rate of economic expansion. 39 terms were just studied by you. Economic growth is crucial because it helps people satisfy their financial needs and decreases the impact of scarcity. The difference in growth rate could represent the difference between starving and simple hunger, which would be of significant significa
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1. what are the differences between bottom-up and top-down approaches to security valuation? what are the advantages of a top-down approach?
The top-down approach analyzes risk by aggregating the impact of internal operational failures while the bottom-up approach analyzes the risks in an individual process using models.
The top-down management strategy is one in which decisions are made at the highest level and then communicated to the remainder of the team. This approach may be employed at the project, team, or even business level, and can be tailored to the demands of the specific group.
The Martha Stewart Living company, for example, is owned and managed by lifestyle expert Martha Stewart. As a result, Stewart makes the decisions, holds the most equity in the company, and drives brand awareness due to her worldwide popularity.
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monopolies use their market power to group of answer choices increase the quantity sold as they increase price. charge a price that is higher than marginal cost. dump excess supplies of their product on the market. charge prices that equal minimum average total cost.
If a competitive firm increases price, it loses all customers: they have perfect substitutes available from numerous other firms. Monopoly power, also called market power, is the ability to set price.
Firms with market power face a downward sloping demand curve. A monopolist is considered to be a price maker and can set the price of the product that it sells. However, the monopolist is constrained by consumer willingness and ability to purchase the good, also called demand. Once a monopolist determines how much to produce, the price of its output is determined by the maximum amount that consumers are willing to pay for the good. A monopolist produces a quantity such that marginal revenue equals marginal cost. The price is determined by the demand curve.
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What was the name of the series of letters written to convince the states that ratifying the constitution was the right decision?.
The Federalists Papers were written and published to urge New Yorkers to ratify the proposed United States Constitution.
The Federalist, often known as the Federalist Papers, is a collection of 85 essays published between October 1787 and May 1788 by James Madison, John Jay, and Alexander Hamilton. The pieces were printed under the alias "Publius" in a number of publications in the state of New York at the time.
The Federalist Papers are still widely regarded as the most reliable source for identifying the original intent of the US Constitution's authors and are one of the most important American contributions to political philosophy and theory.
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an inferior good is one for which in buyers' income causes . question 4 options: a) a decrease; a decrease in demand b) an increase; an increase in demand c) an increase; no change in demand d) an increase; a decrease in demand
When people's incomes increase, the desire for lesser goods decreases. When wages are low or the economy is in decline,
What is a quizlet with inferior goods?inferior products In economics, a good is considered inferior if its demand drops as consumer income increase (or increases ) as opposed to normal goods, which show the reverse trend. The term "inferior goods" refers to products whose demand declines as income rises. For instance, if the demand for "jaggery" falls as income rises, "jaggery" is a lower-quality good. Demand for inferior items is negatively income elastic, and the income and substitution effects operate counter to one another. Demand falls off as income rises.
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marie values the complete protection of her new smartphone more than the $50 per month it would cost her to purchase a comprehensive insurance plan. what should she do?
The complete security of Marie's new smartphone is more important to her than the $50 monthly premium she would have to pay for a comprehensive insurance plan. She should get the plan because it will benefit her more than it will cost.
What does insurance mean?Whether it be for their life, their home, or their car, the majority of individuals have some sort of insurance. But most of us never stop to think about what insurance is or how it works. Simply put, insurance is a contract that is represented by a policy, under which a policyholder receives financial security or compensation from an insurance company in the event of losses.
The company shares the risks of its clients in order to make payments to the insured more bearable. Insurance policies are used to guard against potential financial losses, both big and small, that may be caused by damage to the insured or their property or by liability for damage or injury to a third party.
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the optimistic regional sales manager wondered what the selling price of the soda would need to be in order to achieve a 20% increase in the contribution per unit?
The selling price of a good or service is the final cost to the seller, or what the buyer actually pays. A commodity or service in a specific amount, weight, or measurement can be exchanged. It is one of the most crucial things for a business to decide.
The price a buyer pays to purchase a good or service is known as the selling price. A portion of the profit is also included in the price, which is higher than the cost price.
($0.28 * 1.2) + $0.48 = $0.82
Variable cost plus (Contribution margin * 1.2) Equals new selling price
It is significant since it determines whether or not it will survive. Sales of a product are directly impacted by its price. Because it heavily influences how many units of a product are sold, determining the selling price is a very delicate subject. The selling price can be determined using a variety of methods and formulas.
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true or false: in the second stage of activity based costing, the costs in the activity cost pools are allocated to products using a variety of cost drivers.
The statement is True. In the second stage of activity-based costing, the costs in the activity cost pools are allocated to products using a variety of cost drivers.
Examples of value drivers are direct labor hours labored, the variety of purchaser contacts made, the range of engineering change orders issued, the number of machine hours used, and the number of product returns from clients.
A cost driver simplifies the allocation of producing overhead. An appropriate allocation of manufacturing overhead is essential to determine the proper cost of a product. Inner control makes use of the price of a product to decide the fees for the goods they produce.
A hobby cost driving force refers to movements that motivate variable prices to boom or decrease for a commercial enterprise. Consequently, figuring out what product/provider is causing unique charges can assist the enterprise to grow to be extra worthwhile by higher expertise in the precise activities that are using the prices.
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it is good to use credit for: group of answer choices buying groceries. dining at a restaurant. buying a car. visiting a tourist destination. paying rent for your home.
Instead of buying groceries and dining out, it is wise to use credit to purchase a car.
Describe credit cards.A small, rectangular piece of plastic or metal known as a credit card, which is issued by a bank or another financial institution, enables its owner to borrow money in order to pay for goods and services at establishments that accept credit cards. Credit cards impose the requirement that cardholders repay the borrowed cash in full or over time, either by the billing date or at a later period, together with any applicable interest and any other agreed-upon costs.
In addition to the standard credit line, the credit card issuer may also offer cardholders a separate cash line of credit (LOC), which enables them to borrow money in the form of cash advances that can be accessed through bank teller machines, ATMs, or convenience checks from their credit cards.
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n his new job, jacob has the responsibility of determining the employee resources his company will need to meet its long-term goals. this aspect of jacob's job is called
Jacob has a transfer going on. Jacob is involved in the right kind of turnover, which is a transfer.
A transfer is a shift within the same organization to a different position or team; the pay rate may change based on the position and organization. Jacob’s current team is being phased out in this situation, thus he will need to ask for a transfer within the same organization and with a salary equal to the previous role.In mentoring, more experienced coworkers teach the younger ones how to develop into more experienced professionals. April is torturing Jacob in this way.
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true or false: the appropriate investment plan depends only on the total amount of money he intends to save, not on the investment objective. true false continue without saving
False; the investment strategy that is best for him depends only on how much money he intends to save overall, not on his investment goals. false Continue without saving if true.
An asset or object purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" investment describes a rise in an asset's worth over time. When a person buys a product as an investment, they don't intend to utilize it money right away; instead, they plan to use it to make money later on.
An investment is usually the use of a resource today—time, effort, investment money, or an asset—in the anticipation of receiving a larger return than what was first invested. A financial asset, for instance, might money be bought by an investor now with the hope that it would provide income later on or be sold for more money.
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the employment interview asks all applicants a set of standardized questions; this produces data that can be compared and provides a basis for evaluating the applicants. group of answer choices true
In a structured interview, the interviewer uses a prearranged list of questions to ask the candidate.
Which interview style employs pre-formulated questions?A structured interview is a sort of interview that uses a predetermined list of standard questions to collect data. In contrast, an unstructured interview is a sort of interview that does not rely on a predetermined set of questions to collect data. Before conducting a more in-depth interview, you can acquire some basic qualification information about candidates during a pre-screening interview, often known as a pre-employment screening. After the pre-screening interview, you can get in touch with the company for a hiring update if you haven't heard anything after a week. If you're uncertain about your status after the prescreening interview, send the hiring manager a brief follow-up email.
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Which one of the following terms applies to the amount of money required when a futures position is first bought or sold?A. original depositB. initial marginC. spot marginD. equity depositE. mark-to-market
The initial margin applies to the amount of money required when a futures position is first bought or sold.
The preliminary margin is the quantity a dealer ought to deposit with their broking to provoke a buying and selling function. The upkeep margin is the quantity of cash a dealer ought to have on deposit of their account to keep protecting their role, that's commonly 50% to seventy five% of the preliminary margin.
The initial margin is based on the potential loss in a single day on the portfolio. The greater the volatility of the stock, the greater the danger and consequently the greater the initial margin. the second form of margin is the mark-to-marketplace (MTM) margin that's amassed for daily volatility within the price of the futures.
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Read the passage and answer the question.
During the Great Depression, economists believed recovery would occur when spending increased. Since spending was low, economic theory held that savings should be very high. This would create a surplus of capital and drive down the cost of loans. The pure ease of expansion should have brought economic activity back up to healthy levels. Yet, the Great Depression dragged on.
People had no savings to invest in the market and, in fact, had drawn down their savings just to survive. There was no free capital to invest, and without income or savings, people could not support existing operations. As a result, there would be even fewer people earning income and yet more people with dwindling savings.
Which answer choice BEST explains the type of unemployment that resulted from the Great Depression?
The answer choice which best explains the type of unemployment that resulted from the Great Depression is structural unemployment.
The Great DepressionIn 1929 the stock market crashed and wiped out investors, millions of them. Several years later consumer spending dropped, followed by dropped investment. This caused various declines in industrial output. Unemployment began to spread as failing companies began to lay off their employees. The structural unemployment happens because there is no balance between the skills of workers and the available work fields, so that many workers are not absorbed by the market. Other events during the Great Depression were the collapse of world trade, and bank failures.
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true or false: a taxpayer will use the luxury automobile limitations for depreciation in the year the car is purchased, then the regular macrs depreciation percentages will be applied for the remaining recovery periods.
The statement is False. A taxpayer will use the luxury automobile limitations for depreciation in the year the car is purchased, then the regular macros depreciation percentages will be applied for the remaining recovery periods.
Depreciation journal access is the journal access exceeded to record the discount in the price of the fixed assets because of ordinary put on and tear, regular usage or technological changes, and so on., wherein the depreciation account could be debited, and the respective constant asset account could be credited.
Depreciation is the systematic discount of the recorded price of a set asset. Examples of fixed assets that can be depreciated are buildings, fixtures, and workplace systems. The handiest exception is land, which is not depreciated (considering land isn't depleted through the years, excluding herbal resources).
The depreciation rate appears at the earnings assertion, even as amassed depreciation seems at the balance sheet. The balance in the depreciation expense account is a debit, even as the balance within the amassed depreciation account is a credit score.
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Expenditures that add to the utility of fixed assets for more than one accounting period are.
Capital expenditures are costs that increase the usefulness of fixed assets over the course of more than one accounting period.
A capital expenditure can be defined as the kind of expense that is used to fund a specific asset that the owner of the business expects to be useful to the business. This can be used for as many reporting periods as necessary, which is a way to help the business grow. It should be noted that capital expenditures are crucial to the functioning of the business system.The expense that is held over a lengthy period of time is a capital expenditure. It is the amount spent on long-term assets or fixed assets that are leased, purchased, or improved in order to increase production.Examples include structures, furniture, and office supplies.This capital expenditure is recorded in the assets part of the balance sheet under the fixed assets heading.
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you just saw a video advertisement that shows an interview with a celebrity who says her life changed for the better when she started using a specific face cream, but to receive the product at the half price, you must call now. what technique has the advertising company used to persuade you to buy the face cream?
Urgency has the advertising company used to persuade you to buy the face cream
What is the Urgency technique?
In order to convince their audience and potential consumers to buy your product or obtain it at the best price, professionals in the field of sales utilize the tactic of urgency. Making clients feel pressured into making a purchase immediately rather than later can assist.
The audience's fear of missing out on something worthwhile, or FOMO, is frequently the target of urgent advertising. Typically, two factors must be combined in order to successfully appeal to this fear of missing out. The adverts often start out by explaining why the product is appealing. Second, they restrict the number of products offered, provide a sale price for a brief period of time, or combine these two standards.
What are the advantages of increasing sales urgency?
Your organization can profit in a number of ways from instilling a sense of urgency in sales. The following are a few of the most typical advantages of building urgency in sales:
assisting clients in taking quick decisions
Increasing sales and the perceived worth of your goods
Increasing consumer interest in your products
providing quick feedback on the effectiveness of sales strategies
simplifying the purchasing process for your clients
lowering the likelihood that buyers will make different choices
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green carts ltd. has begun to offer its employees the option of buying stock in the company as a benefit because they do not offer a retirement package. in doing so, green carts expects its employees will
The employees will put forth a lot of effort to increase the stock so they can purchase more for less money.
The buy low, sell high method has generated enormous sums of money, but this is not how experts define success. On the other hand, a wise investor deliberately spends their money in several ways; they multitask with it. If investing were a game, buying a stock at a discount and later selling it at a higher price would be the optimal strategy for winning. If you own property, you may feel this idea quite clearly.
It's typically better to employ one of two tactics in order to make money on your investment.
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beginning from a trade deficit, a policy that attempts to increase net exports by restricting imports from abroad most likely will:
Increasing the exchange rate a technique that minimizes imports from overseas in an effort to boost net exports.
What are exports and imports?Exports are products and services created in the homeland for sale in foreign markets, whereas imports would be any good or resource carried in from from country to another. This means that depending on how you approach the transaction, you may be buying or exporting a commodity (or both).
Why are exports important?For companies of all sizes, exporting can be profitable. Sales generally increase more quickly, more jobs are added, and employees make more money than in ou pas firms. Advantage in the marketplace. It United States is renowned throughout the world for its innovative products and services, excellent customer support, and ethical corporate methods.
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what does you have reached the purchase limit for this item on amazon mean if you haven't bought it before??
It means that for a month you can't buy the same category of product from the same account.
Why does this happens?
In order to ensure that maximum customers benefit from their selection and prices, sometimes they limit their quantities for certain of their products. The limits vary from 999 units of that items to their cart.
The product limit can vary accordingly to the situation needs. Therefore the product limit can vary according to the availability of product, supply chain mechanism and the user.
The company limits in order to avoid bulk orders by company, gives chances to other companies.
Hence, It means that for a month you can't buy the same category of product from the same account.
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in the phase, the organization performs changes, corrections, additions, and upgrades to ensure the system continues to meet business goals. multiple choice question.
In the maintenance phase, the organization performs changes, corrections, additions, and upgrades to ensure the system continues to meet business goals. It is because in the maintenance phase, there are several maintenance through the organization to make a better function in there.
Based on SDLC or known as System Development Life Cycle, there are several phases, such as planning, analysis, design, development, testing, implementation, and maintenance.
The maintenance phase in the business or an organization happens after the project team deploys the software. Maintenance phase has several activities such as monitors the software to ensure it continues to operate by customer according to the coding specifications.
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blair works in the marketing department for a large electronics firm. he is currently trying to determine how his firm is performing relative to the other electronics firms in the industry. which marketing metric would blair use to do this?
Market Share Analysis is the marketing metric would Blair use to determine how his firm is performing relative to the other electronics firms in the industry.
What is electronics ?The electronics industry is the branch of the economy that manufactures electronic devices.It emerged in the 20th century and is now one of the world's largest industries. Today's society uses a wide variety of electronic devices embedded in automated or semi-automated factories run by industry. Products are basically assembled from metal oxide semiconductor transistors and integrated circuits. Integrated circuits are often assembled on printed circuit boards, primarily by photolithography. The size of the industry, the use of toxic substances, and the difficulty of recycling create many problems with e-waste. A key driving force behind the electronics industry as a whole is the semiconductor industry sector, with annual sales exceeding his US$481 billion.To learn more about electronics from the given link :
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marriott builds a hotel for $34 million and sells it to a banking firm for $52 million. marriott charges the banking firm 2-4% of gross revenues to operate the hotel. this business transaction is knows as
Marriott constructs a hotel for $34 million and sells it for $52 million to a banking group. To operate the hotel, Marriott charges the banking company 2-4% of gross revenue. A management contract is a name given to this form of business transaction.
What is a management contract?A management contract is an agreement in which operational control of an enterprise is delegated to a separate enterprise that performs the essential managerial responsibilities in exchange for a fee. Management contracts entail not just selling a technique of doing things but also performing them. A management contract can include a wide variety of responsibilities, including technical operation and administration of a manufacturing plant, personnel management, accounting, marketing services, and training.
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a sales compensation plan involving a combination of salary plus commission on net sales is popular because it:
A sales compensation plan involving a combination of salary plus commission on net sales is popular because it: Offers some of the advantages of a salary plus the incentive and flexibility features of a commission.
What is a sales compensation plan?
An organized method for calculating a sales representative's pay based on performance is called a sales compensation plan. It contains information on all facets of a salesperson's income, including basic pay, commission, incentives, and perks. A payment package known as a compensation plan is made to entice and keep employees. A salary or pay is the only component of a basic remuneration package. Additional advantages like bonuses, incentives, commissions, health insurance, or retirement investments may be part of a more comprehensive package of benefits. Compensation may also be given as a reward for outstanding work output. Bonuses, commissions, shares, profit sharing, and gain sharing are a few examples of these schemes.
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All year-end tax reporting forms for the preceding calendar year must be delivered to the employees by ______________.
Fill the blank with "31st of January of the following year." Thus, to complete the sentence, it will be "All year-end tax reporting forms for the preceding calendar year must be delivered to the employees by 31st of January of the following year."
By January 31 of the year after the tax year, both employees and non-employees must receive annual payroll tax forms. The IRS has a deadline for receiving tax reporting forms pertaining to the Social Security Administration on the last day of January.
The end of the year (month of December) is really an ideal time to be reminded to review your records to verify that the information is still valid if you are an employee because you can always make changes to your tax forms.
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which of the following is the economic role of government? i. to provide the legal framework and public services needed for a market economy ii. to redistribute income and wealth through transfer payments, market intervention, and taxation iii. to address market failure by reallocating resources to correct for positive and negative externalities iv. to promote economic stability, full employment, and low inflation through macroeconomic policies
Government provides the legal framework and the services needed for a market economy to operate effectively.
The legal structure and services required for a market economy to function properly are provided by the government. The legal system establishes the legal standing of corporations, protects private property rights, and permits the formation and execution of contracts.
The assumption is that government involvement will improve resource allocation. The government promotes the volume and security of exchange by providing a medium of exchange, ensuring product quality, clarifying ownership rights, and enforcing contracts. Increased specialization in the utilization of land, labor, money, and entrepreneurial resources is encouraged as a result of market expansion. Such specialization encourages the more effective use of resources.
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kinsey corporation issues $100,000 of 8% bonds, due in 25 years, when the market rate of interest is 9%. interest is paid semiannually on june 30 and december 31. the issue price of the bonds is:
The $100,000 8% bonds from Kinsey Corporation have a 25-year maturity and a 9% market interest rate. Interest is paid twice a year on June 30 and December 31. The issue price of the bond is $90,119.
What does the term "bond issuance" mean?Governments and businesses issue bonds when they need to raise capital. In essence, you are making a loan to the issuer when you buy a bond. In return, they agree to repay you the full amount of the loan on a specific date and to pay you interest on a regular basis (typically twice a year).
In the given question,
Face value= $100,000
Interest rate= 8%
Since interest is paid semi-annually, its value is
Interest= 100000 X [tex]\frac{8}{100}[/tex] X [tex]\frac{6}{12}[/tex] = 4000
Market interest rate = 9%
Time = 25 years
Annuity factor's current value= [tex]\frac{1- (1+r)^{-n} }{r}[/tex]
= [tex]\frac{1- (1+0.045)^{-50} }{0.045}[/tex]
=19.7620089
Present value factor= [tex]\frac{1}{(1+r)^{n} }[/tex]
= [tex]\frac{1}{(1+0.045)^{50} }[/tex]
= 0.11070965
Bond value is calculated as follows:
= (Present annuity factor value X interest payment) + (present value factor × face value)
= (19.7620089 X 4000) + (0.11070965 X 100000)
= 90,119 (approx)
The bonds have a $90,119 issue price.
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in a single-stage decision tree problem, you make first and then all you wait to see a(n) .
In a single-stage decision tree problem, all decisions are made first and then all uncertainty is resolved.
Every path from a root to a leaf in a decision tree corresponds to a state in a state-based representation. However, it is frequently easier and more effective to express and think in terms of certain properties, which are referred to as variables.
All decisions in a single-stage design model must be made at the start of the planning horizon. Particularly, a single-stage formulation results in the identification of a system design that can address the entire spectrum of production issues, both present and future.
This refers to making a single choice in response to the input scenario tree, where the choice is represented by a striped circle at the decision node. The FFMS design approach's two-stage stochastic formulation enables the modeling of the manufacturing system's reconfiguration at a later time stage.
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Correct question:
In a single-stage decision tree problem, all ----- are made first and then all ------ is (are) resolved.
pursell bank offers you a five-year loan for $64,000 at an annual interest rate of 6.75 percent. what will your annual loan payment be? (do not round intermediate calculations and round your answer to 2 decimal places
The Annual loan amount payment will be $12,427.42.
This is a form of annuity that involves payment of equal amounts monthly for 5 years. These amount are made up of part of the interest and part of the principal.
Using the annuity formula:
P= Y{1-(1/[1+r]^n)/r}
Where,
P = Initial loan amount
Y = Annual loan amount payment
r= interest rate
n= number of years
Now, let's solve the question, using above formula,
64,000= Y{1-(1/[1+0.0675]^5)/0.068}
Y= 64,000/5.14990
Y= $12,427.42
Hence, the Annual loan amount payment will be $12,427.42.
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5. a person deposits $1000 in an account that yields 9% interest compounded annually. (a) set up a recurrence relation for the amount in the account at the end of n years. (b) find an explicit formula for the amount in the account at the end of n years. (c) how much money will the account contain after 100 years?
The recurrence relation for the amount in the account at the end of n years is F(n) = 1.09 × F(n-1), The money will the account contains after 100 years is $5,529,040.80
a) Let F(0) represent the $1,000 initial deposit and F(n) represent the amount in the bank after n years.
F(n) = F(n-1) +0.09 × F(n-1) [ where 9% = 0.09]
F(n) = 1.09 × F(n-1)-------------eq(1)
b) using above formula
F(n) = 1.09 × F(n-1)
F(n) = 1.09 ×( 1.09 × F(n-2)) = [tex]1.09^2[/tex] ×F(n-2)------(replacing n by n-1 in eq (1))
F(n) = [tex]1.09^2[/tex]×( 1.09 × F(n-3))= [tex]1.09^3[/tex] ×F(n-3)---(replacing n by n-2 in eq (1))
∴On generalizing the above expansion, we get
F(n) = [tex]1.09^n[/tex] × F(n-n) = [tex]1.09^n[/tex] × F(0)
F(n) = [tex]1.09^n[/tex] × 1000---------- eq(2)
c) money in the account when n = 100 years have passed.
using equation (2), we get
F(100) = [tex]1.09^1^0^0[/tex] × 1000 = 5,529,040.80
Recurrence relations are equations that depict sequences based on rules. It assists in determining the following term, which is dependent upon the preceding term. In a given series, we can quickly ascertain the following term if we know the previous term. We can locate the set of new terms now that a common pattern has emerged. This holds true for geometric and mathematical sequences as well.Learn more about Deposit , here
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