Instead of taking a cash worth $200000, a woman decided to invest the money she inherited at 12% compounded quarterly with the understanding that she will receive 20 equal quarterly payments with the first payment to be made in 4 years. What is the size of the payments?

Q: Define Assigning.

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A:

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A: Perpetuity: It is a stream of cash flow that is presumed to continue for an indefinite period.

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A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

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A:

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A:

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A: ERP means Enterprise Resource Planning, it is a process management software used by organizations to…

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Q: Can you please do this problem using an equation.

A: Compound interest is nothing but interest on interest. That means interest is calculated on the…

Q: Describe the features of JIT.

A:

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A: Skimming: It is the fraudulent process under which the employees of the company steal the cash from…

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Q: Describe about the concept of COGS.

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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.