Answer: she paid $8000 over the life of the loan. 100*$500=$50,000 - $10,000down = $40,000 borrowed 40,000 * 5 * .04 = $8000 5) Using the information in the last question, what is the periodic payment for year 8 of the loan? Note: Sally purchased an additional 100 cows. She paid $500/cow. She paid $10,000 down and took out a 5 year loan with interest calculated using add-on interest for the rest of the cost of the land.
The attribute, the characteristic of the phenomenon being measured, that you are interested in is the profitability of the nobles’ fields. To make note of, Sihathor’s expenses included 12,500 sacks of corn to remodel his palace. PEMSAH’S PRODUCTION Pharaoh Amenhotep gave Pemsah 7,000 sacks of corn to plant and 15,000 arura east of the Nile River. Pemsah’s fields produced 34,300 sacks of corn by the end of the year, and after taxes and expenses, he was left with 13,557 sacks. The phenomenon, measurement, and attribute of interest are all the same here as they were in Sihathor’s production.
They were given a 10% discount by the manufacturer. They paid $400 for shipping and sales tax of $3,000. Stine estimates that the machinery will have a useful life of 10 years and a residual value of $20,000. If Stine uses straight-line depreciation, annual depreciation will be • $3,760. • $4,072.
He projects that he will need to have $500,000 in 5 years in order to get the business off the ground. He has found an investment that will yield 12% interest compounded quarterly. How much will he need to invest today to have the amount he requires to start his practice? Part A: Table 6-2 Part B: 3% Part C: 20N Part D: PV = FV(IF) 500000(.55368) 276840 Problem 3: Elizabeth Corday is borrowing $20,000 at 11% over 6 years. She will make annual payments on the loan at the end of each year.
So that’s 175 school days times 6 dollars a day. This works out to be about $1050 dollars a year. Multiply this by the 20 million children that are valid for the program. The federal government is looking at a $2,100,000,000 price tag! PLUS the 7,500 dollars it takes just to educate the children.
As stated above, the proposal has the department of agriculture raising the annual rate of annual loans on lenders from 0.3 to 0.5. It may sound like a small number, but depending on how many loans the lender releases, take the total of the outstanding loans and subtract 0.5 percent a year and that can be a decent amount of money. That’s five thousand dollars on every million. A million dollars is maybe 3 or four loans. You do the numbers, a lot of money per year.
640 BUS Managerial Economics 1. Title Opportunity Costs When Burton Cummings graduated with honors from the Canadian Trucking Academy, his father gave him a $350,000 tractor-trailer rig. Recently, Burton was boasting to some fellow truckers that his revenues were typically $25,000 per month, while his operating costs (fuel, maintenance, and depreciation) amounted to only $18,000 per month. Tractor-trailer rigs identical to Burtons rig rent for $15,000 per month. If Burton was driving trucks for one of the competing trucking firms, he would earn $5,000 per month.
Reporting Intercorporate Interests (Equity vs Cost Method) 1. On January 1, 2007, Rotor Corporation acquired 30 percent of Stator Company’s Stock for $150,000. On the acquisition date, Stator reported Net assets of $450,000 valued at historical cost and %500,000 stated at fair Value. The difference was due to the increased value of buildings with a remaining life of 15 years. During 2007 and 2008 Stator reported Net Income of $25,000 and $15,000 and paid dividends $10,000 and $12,000, respectively.
What is the current value of her winnings? 7. Martha Reed has been depositing $1,500 in her savings account every December since 1998. Her account earns 6% compounded annually. How much will she have in December of 2007?
This system costs 750 Billion Rupees ($13.6 billion) a year, almost 1 percent if India’s gross domestic product. One-fifth of India’s people are malnourished; double the rate of other developing countries like Vietnam and China because of pervasive corruption, mismanagement and waste in the programs that are supposed to distribute food to the poor. Under the FDS, the federal government buys grain from farmers at prices high enough to keep farmers lobby happy and stores the food in warehouses. Each state then takes a certain amount of grain from these stocks based on how many of its residents are poor. Lastly, these states distribute food at subsidized prices through what are called ration shops.