Imagine you are making a $1000 purchase with different payment options. Which of the following
would you pay the LEAST (you may need a spreadsheet or calculator)?
A. 8% APR, no payments for the first 6 months, then 6 monthly payments
B. 10% APR, with 12 monthly payments
C. 12% APR, with 6 monthly payments
D. Not sure how to calculate these values to know total cost

Answers

Answer 1

The payment option that pays the LEAST is B. B. 10% APR, with 12 monthly payments, as it pays back a total of $1,008.33, for borrowing $1,000.

How to calculate payment options:

Payment options can be computed using an online finance calculator as follows:

The option that pays the least total cost should be chosen.

Data and Calculations:

Loan payment = $1,000

A. 8% APR, no payments for the first 6 months, then 6 monthly payments:

Amount after 6 months = $1,040 ($1,000 + $1,000 x 0.08 x 1/2)

N (# of periods) = 1

I/Y (Interest per year) = 8%

PV (Present Value) = $1,040

FV (Future Value) = $0

Results:

PMT = $174.49

Sum of all periodic payments = $1,046.93 ($174.49 x 6)

Total Interest =$46.93 ($40 + $6.93)

B. 10% APR, with 12 monthly payments:

N (# of periods) = 1

I/Y (Interest per year) = 10%

PV (Present Value) = $1,000

FV (Future Value) = $0

Results:

PMT = $84.03

Sum of all periodic payments = $1,008.33

Total Interest = $8.33

C. 12% APR, with 6 monthly payments:

N (# of periods) = 1

I/Y (Interest per year) = 12%

PV (Present Value) = $1,000

FV (Future Value) = $0

Results:

PMT = $168.33

Sum of all periodic payments = $1,010.00

Total Interest $10.00

Thus, the payment option that pays the LEAST is Option B.

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Related Questions

Using the interest method, the journal entry to record the first interest payment and the related amortization for bonds issued at a discount includes a __________ to __________.

debit; Discount on Bonds Payable
credit; Discount on Bonds Payable
credit; Interest Expense
debit; Cash

Answers

B. Credit; Discount on Bonds Payable

Which of the following are the limitations of conducting extra military instruction (EMI)? Select all that apply.

Answers

Answer:

chief Petty officers

Explanation:

because it can assign no more than a total of ten hours of EMI

Chief petty officers is  the limitations of conducting extra military instruction.

What is Chief petty officers?

Just above Petty Officer First Class and below Senior Chief Petty Officer, Chief Petty Officer is the seventh rank in the US Navy and US Coast Guard. Registered occupational specialty are referred to as "evaluation."

In the naval forces of English-speaking nations, most frequently the US Navy, a chief petty officer (CPO) is a member of the rank group of non-commissioned officers with portepee. The closest equivalent would be a chief petty officer with a boatswain's rank in the German Navy.

The highest non-commissioned officer rank in the U.S. Navy is Master Chief Petty Officer of the Navy (MCPON). There is just one Non Commissioned Officer (NCO) who simultaneously holds this rank and position.

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Based on the values of Zara, what values has Zara created for customers?

Answers

Explanation:

. Soupe à l’oignon

This is a traditional French soup made of onions and beef stock, usually served with croutons and melted cheese on top. Dating back to Roman times, this was traditionally a peasant dish although the current version dates from the 18th century. The soup’s unique flavor comes from the caramelization of the onions, which often have brandy or sherry added during the slow-cooking process. If you’re in a soup mood, why not try Marseille’s traditional soupe de poisson à la rouille. Once a fisherman’s favorite, this soup is characterized by a dollop of garlic and saffron mayonnaise placed on top.

French onion soup

Make your own

Choose a classic French onion soup recipe

Use a slow cooker

Try an authentic French-language recipe

2. Coq au vin

This quintessential French food was popularized by Julia Child, becoming one of her signature dishes. The dish sees chicken braised with wine, mushrooms, salty pork or bacon (lardons), mushrooms, onions, garlic and sometimes even a drop of brandy. Although the name translates as ‘rooster in wine’ – the braising is ideal for tougher birds – the recipe usually uses chicken or capon. The wine is typically Burgundy, although regional variations of the dish exist across France that use local wines. These include coq au vin jaune (Jura), coq au Riesling (Alsace), and coq au pourpre (Beaujolais nouveau). Believe it or not, there’s even a coq au Champagne (Champagne).

2. Review EOH 2021 Integrated Report and explain in a few words if the strategy has been implemented and is working or not.​

Answers

The EOH 2021 Integrated Report covers the area of EOH policies and programme in the area of social and economic development, and others.

What was the reporting of EOH 2021 about?

The reporting of EOH 2021 was one that focused on:

SustainabilityDiversity and inclusion, Ethical culture Employee wellness

In the workings of the  business, the report stated that the company make sure that employees were assisted in one way or the other.

Conclusively, EOH was said to have complied with the key environmental, social and governance rules and regulations that is required for reporting as they were guided by Global Reporting Initiatives (‘GRI’) Standards.

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What could happen if an employee goes against what the business needs

Answers

Answer:

she must be fire

Explanation:

because he or she brakes the law

What is the value proposition of Tata Nano?

Answers

In this way, Tata Nano's value proposition offered buyers both differentiation and low cost, putting an automobile within reach of mostI Indiansfor the first time. Tata Motors matched its compelling value proposition with a spelling profit proposition.

Respond by (1) Identifying the type of syllogism below (Categorical, Disjunctive, Conditional) and (2) explain, in your own words, why the structure of the syllogism may be correct, but the conclusion could be false.

Major Premise: If the sidewalk is wet, then it must have just rained.
Minor Premise: The sidewalk is wet.
Conclusion: Therefore, it just rained.

Answers

The type of syllogism being used in the given sentence is a conditional syllogism.

What is Syllogism?

This refers to the use of reasoning in order to draw conclusions about something based on two premises.

Hence, we can see that conditional syllogism was used in the given premises and this is because it made use of either-or to show that if the sidewalk was wet, then that means that it must have rained.

This reasoning is faulty because there are different possible reasons for the sidewalk to be wet and not just rainfall.

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An asset has an average return of 10.94 percent and a standard deviation of 20.98 percent. What range of returns should you expect to see with a 95 percent probability

Answers

If the standard deviation is 20.98%. The range you should expect to see with a 95 percent probability is: -31.02 percent to +52.9 percent.

Expected range of return

Expected range of return = 10.94 percent ± 2(20.98 percent)

Expected range of return =[10.94 percent- 2(20.98 percent)]; [10.94 percent + 2(20.98 percent)]

Expected range of return =(10.94 percent- 41.96 percent); (10.94 percent + 41.96 percent

Expected range of return = -31.02 percent to +52.9 percent

Inconclusion the range of returns is: -31.02 percent to +52.9 percent.

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Firm A is a profit-maximizing firm with a monopoly in the production of Good X. The firm sells its good for $10 each. We can conclude that Firm A is producing a level of output at which:

Answers

If the Firm A is having a monopoly in the production of X we can assume that the Firm A is producing at a level of output which is marginal cost equals marginal revenue.

What is a monopoly?

This is a situation that exists in a market where there is a single producer or seller of a product. The monopolist has no competitors.

Due to this he enjoys unfair advantages and can set the price in the market to any level that he wants.

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Customer: "Will you delve into this problem?"
Yes, I will respond to this problem.
Yes, I will escalate this problem.
Yes, I will understand this problem.
Yes, I will research this problem.
Yes, I will ignore this problem.

Answers

Answer:

the cancer is the fourth responce

The correct option is D). Yes, I will research this problem.

What are the different ways in responding to customer complaints?

A customer is an individual who buys products or services from a store, restaurant or other retail seller. As per business definition, customer is the king of the market. Customer is the most important part of your business because without the customer, there would be no sales.

It is really important to respond to the customer's complaints and concern by providing them best and appropriate customer services. Listen to their problems very carefully and always treat all complaints positively and seriously.

Empathy and sympathy are two important terms that need to be consider appropriately while handling customer's complaints.

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Smita paid $100 for textbooks at the college bookstore by check. She incorrectly wrote the number $1,000.00 on the check rather than $100.00. She correctly wrote the words “one hundred and no cents.” When Smita received her bank statement, she saw the check had been cashed for $1,000 and not for $100. She notified the bookstore of the error, but the bookstore refused to refund the $900 over-payment. Can Smita require the bank to credit her account for $900? Explain.

Answers

Smita may require the bank to recover the overpayment through the bookstore's bank but cannot require the bank to credit her account for $900.

How to handle check disputes?

Handling check disputes requires professionalism.  Proper channels and procedures must be followed.

In this case, both Smita and the bank were at fault for not noticing the difference in amount and figure.

Ordinarily, the bookstore should not refuse to refund the $900 over-payment because it is aware of the amount of its invoice.

However, when Smita meets with a refusal from the bookstore, she should confront the bank squarely to follow official procedures.

Thus, Smita may require the bank to recover the overpayment from the bookstore through the bookstore's bank but cannot require the bank to credit her account for $900 because the fault lies on both and the law does not permit the bookstore to keep the overpayment.

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Robert receives a salary of $60,000 per year, or $2,500 semi-monthly. How
much does Robert pay in unemployment taxes for the entire year?
A. $840
B. $0
C. $420
D. $210

Answers

The amount that Robert will pay in unemployment taxes for the entire year will be B. $0.

Determination of Unemployment Taxes Payable

Employers are subject to an unemployment tax which is known as Federal Unemployment Tax Act (FUTA) depending on the wages and salaries they pay their workers.

Employers must pay FUTA if their employees earn $1500 or more per calendar quarter.

Employers are not obligated to withhold FUTA from employees if we compare it to other payroll-based taxes.

As a result, no unemployment taxes should be deducted from Robert's pay.

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With a savings and investment program designed for retirement, you can _?_. Choose all that apply. (personal finance class)

prepare for those emergency expenditures
primarily help your friends and family in time of need
ensure that you will be better prepared for your retirement years
none of the above

Answers

The savings and investment program that is designed for retirement can be used to:

prepare for those emergency expenditures primarily help your friends and family in time of need.ensure that you will be better prepared for your retirement years.

What is an investment?

It should be noted that an investment simply means the dedication of asset in order to attain an increase in value for a period of time.

In this case, the investment van be used to prepare for those emergency expenditures, primarily help your friends and family in time of need and ensure that you will be better prepared for your retirement years.

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The world is the house of all relatives.explain it.​

Answers

Explanation:

would is our house.

all peoples that live on this earth they are our relatives.

all peoples and animals are our family.

all are our brothers and sisters.

I love this world.

we have to always give respect to our parents, teacher and all elders.

The world is the house of all our relatives' simply means that the world belongs to each one of us and that we are a one big family. Everyone is bonded by the fabric of life and that makes us all alike and related.

This line denotes the idea that every single person on earth is connected to one another in one way or the other. No man is stranger because if we look closely, we are all from the same genus.

It is important that we treat each other respectfully and dearly for we are all a part of one big family.

Carolina is the vice president of the environmental club at her high school. She is in charge of e-mailing members about upcoming events, answering questions from new members about enrollment, and explaining club guidelines to club members. As a part of her position, Carolina employs a lot of _______________ communication.

Answers

Answer:

Downward communication

Explanation:

She is a higher up in the club, and conveys information to the rest of the club members, who don't have as much of an important position. Her job is to move information given to her to the rest of the members.

If a firm had sales of $60,000 during a period and sales returns and allowances of $9,000, its net sales were:

Answers

Answer:

51,000

Explanation:

Using the interest method, the journal entry to record the first interest payment and the related amortization for bonds issued at a premium includes a __________ to __________.

debit; Premium on Bonds Payable
debit; Cash
credit; Premium on Bonds Payable
credit; Interest Expense

Answers

A. Debit; Premium on Bonds Payable

The CEO of TruTone Manufacturing tells her executive management team that the company must become more agile to stay competitive. She says, "We have several options to improve our agility, a couple that we have already started to implement. But, most importantly, I believe that we need to organize around our primary strengths and expertise: our __________."

Answers

The statement "I believe that we need to organize around our primary strengths and expertise" complete part is: core capabilities.

What is core capabilities?

Core capabilities can defined as the ability to put into use the skills, knowledge you have developed so as to achieve your set goals and objectives.

A company or organization that want to have an a competitive advantage over other companies, the employers of that company must possess  core capabilities as this will enables them to stay competitve.

Inconclusion  the complete part of the given statement is: core capabilities.

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NEED HELP ASAP PLEASEEE!

1 Question Attached

Answers

Answer:

$2,250

Explanation:

If you owned 3,000 shares and they had an annual dividend of $0.75 per share, you would have received $2,250 because 3,000*.75=2,250.

What is collaborative business relationship

Answers

Answer:

developing long lasting, trusting relationships with your business partners by taking a strategic collaborative approach, so that you are able to jointly create new and sustainable value.

Explanation:

THATS IS MY ANSWER

It is ____________ to miss a job opportunity because you are a minority worker.

Answers

Reverse discrimination

When a person is denied an opportunitity because of preferences given to protected-class individuals who may be less qualified.

Because corporate officers have the implied power to bind the firm in matters directly connected to its business, there is no limit to what the officer can do. True False

Answers

It should be noted that corporate officers have the implied power to bind the firm in matters directly connected to its business.

Who are corporate officers?

corporate officers serves as those workers in a company or an organization who are seen as officials and they have allocated duties and responsibilities .

These officers posses the power to bind the firm in matters directly connected to its business.

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Assume the following information: April 1 Inventory 3 units at cost of $20 April 10 purchase 5 units at cost of $20 April 12 sale 6 units Using the perpetual inventory system, what is the amount of cost of goods sold

Answers

The amount of the cost of goods sold, using the perpetual inventory system, is $120.

What is the perpetual inventory system?

The perpetual inventory system is an inventory management system that records all inventory transactions as they occur and not at the end of the accounting period when inventory counts are carried out.

It is the opposite of the periodic inventory system.  Using the perpetual inventory system, entries are made directly to the inventory account and the cost of goods sold with each inventory transaction.

Data and Calculations:

Beginning inventory 3 units at $20 = $60

April 10  Purchase 5 units at $20 =   $100

Total cost of goods available for sale = $160

April 12 Sales 6 units

Ending inventory = 2 (8 - 6) = $40

Cost of goods sold = $120 ($20 x 6) or ($160 - $40)

Thus, the amount of the cost of goods sold, using the perpetual inventory system, is $120.

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the african economic community (AEC) is an organization of african union states establishing a single market, a central bank and common currency. what type of arrangement does this BEST represent

Answers

Explanation:

The aim of the AEC is to promote economic, social and cultural development as well as African economic integration in order to increase self-sufficiency and endogenous development and to create a framework for development, mobilisation of human resources and material.

Please answer quickly

Answers

it c because your teacher is going to give then their phone so is positive

More Annual Dividends

Question 5 Attached

Answers

Based on the dividends paid on a semi-annual basis, the annual dividend for each of Susan's shares are $2.24.

What is the annual dividend?

First find the quarterly dividend per share:

= Dividend / Number of shares

= 1,400 / 2,500

= $0.56

The annual dividend will be:

= Quarterly dividend x Number of quarters in year

= 0.56 x 4

= $2.24

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Budgets that are revised by adding a new quarterly budget to replace the quarter that just elapsed are called: A) Production budgets. B) Sales budgets. C) Cash budgets. D) Rolling budgets. E) Capital expenditures budgets.

Answers

When a budget is revised by adding a new quarterly budget to replace a previous one, this is a D. Rolling budget.

What is a rolling budget?

This is a type of budget that is considered continuous and perpetual because it captures the needs of the company over a longer period.

For instance, a rolling budget might be for a year but divided into 4 parts for each quarter such that as each quarter comes along, the company will simply start using the next quarterly budget.

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The chart shows a combined supply and demand schedule. A 3-column table has 5 rows. The first column is labeled Price per Pair of Running Shoes with entries 45 dollars, 75 dollars, 100 dollars, 125 dollars, and 150 dollars. The second column is labeled Quantity Demanded with entries 100, 80, 60, 40, 20. The third column is labeled Quantity Supplied with entries 40, 50, 60, 70, 80. According to this table, what will happen when the price of a pair of shoes rises from $100 to $125? The cost to make a pair of shoes will rise. A scarcity of shoes will result. Profits from selling shoes will increase. Consumers will want to buy fewer pairs of shoes.

Answers

Profits from selling shoes will increase if the price of a pair of shoes climbs from $100 to $125. As a result, option (c) is the correct answer.

What is the shift in shoe price denote?

When the price is $100, the quantity demanded equals the quantity given, which equals 60.

When the price is $125, the number required is 40 and the number given is 70.

Earnings if sold for $100 and earnings based on a $125 sale.

[tex]100 \text{ x } 60 = 6,000\\125 \text{ x } 70 = 8,750[/tex]

Profit will now rise in lockstep with earnings per pair of shoes.

Therefore, the answer is, that profits from selling shoes will increase, out of the possibilities given.

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In the context of exporter and buyer relationships, the value of sales is high but business impact is low in which of the following relationship types?

Answers

The transactional relationship exist where value of sales is high but business impact is low since emphasis are on pure transaction rather than any other matters.

What is a business relationship?

This means the connections that exist between the the people that engage in commerce transactions such as from:

buyer to sellerbuyer to exportersupplier to buyer.importer to buyer etc.

The main types of relationships that exist in the business are transactional, functional, affiliative and strategic relationships.

Therefore, the transactional relationship is the answer.

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Which of the following is the most
"liquid" asset?
A. currency
B. checking accounts
C. certificate of deposits

Answers

Answer:

A. currency

Explanation:

Answer:

a

Explanation:

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