Compute the size of the final payment for the following loan. Periodic Principal $ Payment $ 8500 510 Payment Payment Interest Rate Compounding Period Period Made at: 3 months beginning quarterly % 9 he size of the final payment is s Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.

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: What is confidentiality? Give an example showing a violation of confidentiality.

A: Confidentiality is one of code of ethics for Auditor.

Q: State the criticism of MM approach.

A: The Markowitz Model (MM), developed by Harry Markowitz in 1952, is a mathematical model that seeks…

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: unqualified is not the correct answer

A: PCAOB standards are those standards which maintain as well as establish the high quality of auditing…

Q: Describe the concept of “over-trading” using numeric example if appropriate.’

A: In the world of finance over trading is an important concept for businesses.

Q: Explain Charges and Liens?

A: The question is based on the concept of legal terms used to grant security against loan or debt.

Q: Please give me an example of the relationship between two entities? Please don't use the student and…

A: The objective of this question is to provide an example of a relationship between two entities in a…

Q: solution

A: The term "present value" (PV) refers to the value at the current time of a quantity of money or…

Q: How can the owners be disclaimers?

A: A disclaimer is a term utilized to define or restrict the range of duties and rights enforceable in…

Q: The legal environment has little impact on human resource management decision making.    Question…

A: Solution: False, The legal environment has big impact on human resource management decision making.

Q: Briefly describe the NBBO and the order protection rule. Whatregulation implemented them?

A: NBBO is a securities exchange commission regulation that requires brokers to trade at the best…

Q: Which is an error of omission

A: Accounting error is error in entering, computing, and analysis of data. This includes the recording…

Q: Explain Handling Unequal Service Lives?

A: The two projects compared has unequal project lives. Such projects are handled by two…

Q: (1) Is COSO relevant for internal control?

A: COSO: The COSO (Committee of Sponsoring Organization) Framework is a structure for planning,…

Q: What is the bond, bond valuation, and interest rates of CVS in 2020?

A: Bond- A bond may be a mounted financial gain instrument that represents a loan created by AN…

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.