Jackson has a loan that requires a $16,700 lump sum payment at the end of four years. The interest rate on the loan is 5%, compounded annually. How much did Jackson borrow today
Solved
Show answers
More tips
- P Philosophy Is Everything We Strive for Eventually Achieved and Destroyed?...
- S Society and Politics Understanding Politics and Its Role in the Development of Civilization...
- P Philosophy Why Did God Create Man and Place Him in Obscurity?...
- S Society and Politics Skoptsy: Who They Are and How They Perform Castration?...
- O Other Childhood Fears: What Many of Us Experienced...
- P Philosophy What is Something for you?...
- H Health and Medicine Why Do Humans Have One Heart?...
- P Philosophy Unbelievable stories of encounters with otherworldly forces...
- O Other How to Accidentally Get a Rare Coin with Your Change and How to Know Its Value?...
- S Society and Politics How Could Nobody Know About the Dead Mountaineers?...
Answers on questions: Business
- B Business The davis family grows organic vegetables to sell at a local farmer’s market. which are factors that directly affect their profit? check all that apply....
- B Business What power does original jurisdiction give the courts...
- B Business For traditional retailers selling physical goods, is the biggest constraint limiting a firm s ability to offer customers what they want when they want it....
- B Business Delleate, Inc. has prepared the following direct materials purchases budget: Month Budgeted DM Purchases June $67,000 July 77,000 August 76,300 September 78,000 October 70,200 All...
- B Business Step 1: Review the case study below. Dewey, Cheatham, and Howe are partners in a law firm operated as a general partnership. Dewey and Cheatham agreed to represent (as co-counsel)...
- B Business Still uneasy, Antoine turns to his duties as team leader. He wants to clear up the interpersonal conflicts within the team. Antoine asks your advice on dealing with Jaime. What do...
- B Business Jackson Inc. produces leather handbags. The production budget for the next four months is: July 5,000 units, August 7,000, September 7,500, October 8,000. Each handbag requires 0.5...
- M Mathematics 2.5 milligrams is equivalent to how many grams...
- M Mathematics What does the sign of the slope tell you about a line?...
- A Arts Donald has x twenty-dollar bills and 1 ten-dollar bill. how much money does donald have? write your answer as an expression....
Ответ:
$13,739.13
Explanation:
To determine the amount that Jackson borrowed today, we have to find the present value of $16,700
PV = FV (1 + r)^-n
FV = Future value
P = Present value
R = interest rate
N = number of years
$16,700 (1.05)^-4 = $13,739.13
I hope my answer helps you
Ответ:
The launch campaign for the iPad started about two months before the iPad was schedule to beout on sale. This waiting period caused a huge buzz because everyone wanted to get their handson the iPad. The advertising the product was built up on teaser advertisements. Value propositionis a promise made by the company and belief of the customers regarding the value obtained fromthe product. The values perceived for the iPad was an electronic object that can be used forthings like work, listening to music, games, emails, and you can take it anywhere. So when itcould to the iPhone Apple launches the campaign the same way with a waiting period to create abuzz and teaser advertisements to get attentions. The values perceived for the iPhone is a littlemore than the iPad because it is an electronic object you can text, call, search the web with yourphones plans data and without Wi-Fi, but also be used for things like work, listening to music,games, emails, and you can take it anywhere.