A person needs $18,000 immediately as a down payment on a new home. Suppose that she can borrow this money from her company credit union. She will required to repay the loan in equal payments made every six months over the next 12 years. The annual interest rate being charged is 10% per year, compounded continuously. What is the amount of each payment.

Q: can you include the arranged table of it? i have trouble on it. Thanks!

A: Vertical analysis and horizontal analysis is a financial statement analysis method. In vertical…

Q: answer is incorrect, can someone double check?

A: Present value of bond = Present value of principal to be received at the maturity + Present value of…

Q: The second row 3rd and 4th column are not correct as well as the 3rd row 3rd column could you help…

A: Journal entries refers to the entries which record the transactions of the business into the books…

Q: Describe the shortcomings of the direct write-off method.

A: Direct write-off method: This method does not make allowance or estimation for uncollectible…

Q: Everytime I input these answers they're being marked incorrect:

A: Introduction:- Break-even point point means, where no profit or loss At Break-even point point,…

Q: Can you please provide the formula to calculate it? The answer does not explain that

A: Amount borrowed = $53,000Loan term = 5 yearsInterest rate = 4.5%

Q: Compute the dollar value of each missing item as indicated by A thru E below. Each horizontal line…

A:

Q: Crediting means O a. Entering the amount on the left side of the account O b. Entering the amount on…

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…

Q: What is simple interest

A: SOLUTION:   Simple interest is the method of calculating interest on a loan. It is calculated only…

Q: Q1\ What are the reasons for a transaction to fail? What are the difference between more common…

A: Transaction can be defined as the instance of buying or selling something. Transactions are…

Q: this is te same answer i am getting and it says incorrect

A: Data from main section: Beta of asset=0.48 KA= 5.4%

Q: Compared to the SUA, QBO has general ledger accounts choices than the SUA. More O QBO does not have…

A: Accounting Software - It is type of application that records and processes accounting transactions…

Q: Required: 1. What is the monthly break-even point in unit sales. 2. What is the total contribution…

A: Break-even point (In units) = Fixed Costs / Contribution margin per unit = $150000 / $12 = 12,500…

Q: Determine the mode of the set of values. (Enter your answers as a comma-separated list. If there is…

A: An individual observation is a single piece of data or information that is collected from an…

Q: Wrong Answer.     There is nothing in the question that isn't in English

A: Marika Katz bought a new blazer and insured it with compulsory insurance 10/20/5.10/20/5…

Q: plain further on your solution? Figures dont seem to match the figures in the question

A: NPV and payback period are capital budgeting tools that guide to decide on whether the capital…

Q: A set can contain: a) Duplicate elements b) Only numbers c) Unordered elements d) None of…

A: In computer science and mathematics, a set is a fundamental data structure used to store unique…

Q: All of the amounts that have parentheses are incorrect. What do I need to do to calculate the…

A: Cash flow statement includes: Cash flows from operating activities Cash flows from investing…

Q: account, we will ____ it. A. Debit  B. Credit

A: A contra asset account is a type of asset account with a balance that can be either negative or…

Q: Is there a formula (not in excel) that can be used to calculate this?

A: We can use present value formula and present value annuity factor table to calculate number of…

Q: the answer is still wrong please redo calculate to come with the right answer

A: In this question, we need to compute the Estimated raw material inventory balance at the end of July…

Q: This does not follow the format of the question. Only answer the yellow boxes.

A: Bond selling price is the sum of the present value of face value and the present value of interest…

Q: It is not particularly important what allocation base is used in calculating the POHR as long as it…

A: Consistency in the application of the allocation base is indeed crucial when calculating the…

Q: can you double check the 2a and 2b it shows to as not correct

A: Average level of inventory is reduced by $ 300,000, It only have effect on operating assets of the…

Q: 1. Prepare Form 1120, schedule M1. Please attach 2. Of the line items that you filled in, which is a…

A: The objective of the question is to calculate the taxable income of Corp. A based on the given…

Q: [Based on Appendix A] What is the purpose of a worksheet? In a columnar worksheet similar to…

A: A worksheet is the summarized form of accounting information which is made in order to ensure that…

Q: If a problem is saying 'do not use intermediate calculations' but is telling you to input the answer…

A: First the decimal value needs to be converted into decimal It can be converted to percentage by…

Q: A: WHAT ARE THE RISKS, ASIDE FROM INHERENT RISK, IN OPENING AN ACCOUNT? B: WHAT ARE THE REASONS FOR…

A: (a)The inherent risk of opening an account is that you may not be able to access or use the account…

Q: The anwswer is not correct

A: Here, Annual deposits = $1,400 Annual interest rate = 5% Total years to annual deposits = 10 years…

Q: This question is not graded. Can you please just help me do question 16.

A: Income Statement-: The Income Statement is utilized to assess achievement and to detect if any…

Q: INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) $ 27,587 17,589 1,422 $ 8,576…

A: Free cash flows are the amount of cash from operations after incurring capital expenditures. It is…

Q: he answer is marked as incorrect, i don't know what's wrong I've tried everything

A: The depreciation methods are classified as 1. Straight line method 2. Reducing balance method 3.…

Q: Which qualitative characteristic is an ingredient of relevance? O understandability O materiality O…

A: Answer

Q: [The following information applies to the questions displayed below.] B-You is a consulting firm…

A: Analyzing based on considerations other than costs involves evaluating various factors beyond just…

Q: The solution provided was incorrect. Can you re work it?

A: A current loan or debt obligation is replaced with a new loan through the financial strategy of…

Q: Is there a different format for Maufacturing account? I am not familliar with this lay out

A: Statement of Cost of Goods Manufactured is a statement prepared under managerial accounting. It…

Q: ot correct, some calculations are wrong, can you try again

A: Since the payments are made in the beginning of the period, the formula used will be an annuity due.…

Q: 29-Where the correct accounts are used but each item is shown on the wrong side of the account is an…

A: Please see the next step for the solution

Q: the last answer is incorrect, try again

A: Future value of the amount is the amount of deposit done and amount of interest accumulated over the…

Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.