Question: At year-end, Optima Supplies has assets equal to $145,000 and liabilities. equal to $60,000. What is the total equity for Optima Supplies at year- end?
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What is th total equity for optima supplies?
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- Complete the following table: Selling price $231,000, Down payment $46,200, Amount mortgage $184,800, Rate 7.00%, Years 15, Monthly payment $1,661.35. What is the interest and principal on first payment? What is the balance at end of month?An investor placed $2,000 per year at the end of each year into an investment account. Immediately after the 15th payment, the value of money in the account was $58,720. What is the average annual rate of return the investor has earned on the account? Group of answer choices 7.0% 9.0% 5.1% 6.3%A debt of $52000 with interest at 9.6% compounded quarterly is to be repaid by equal payments at the end of every three months for five years. Calculate the size of the monthly payments,total amount paid and cost of financing. PV =$ I/Y= C/Y= i= n = PMT=$ AMOUNT PAID =$ COST OF FINANCING=$ 2 d.p. 2 d.p. 2 d.p.
- A firm has $26000 in an account in order to finance a $32000 expenditure in 2 years. What minimum APR, compounded annually, does the firm need to earn on that account to meet that expenditure?How long will it take an RRSP to grow to $820,000 if it takes in month-end contribution of $1,200 and earns: (Do not round intermediate calculations. Round up the number of contributions to the next integer.) a. 5.2% compounded monthly? years, b. 7.2% compounded monthly? month(s) years, years, c. 7.6% compounded monthly? month(s) years, month(s) d. 10.5% compounded monthly? month(s)A loan of 109,517.20 is being repaid with level annual payments of Kat an annual effective interest rate of 5%. The principal repaid in the20th payment is 61.Determine K. Using Actuarial Notation
- K Consider the following loan. Complete parts (a)-(c) below. An individual borrowed $65,000 at an APR of 5%, which will be paid off with monthly payments of $442 for 19 years. ... a. Identify the amount borrowed, the annual interest rate, the number of payments per year, the loan term, and the payment amount. The amount borrowed is $ %, the number of payments per year is the loan term is years, and the payment amount is $ the annual interest rate is "What is the internal rate of return on a $3,000 loan to be repaid as $3,500 twoyears from now?es If you borrow $6,100 at $510 interest for one year, what is your annual interest cost for the following payment plan? (Round the final answers to 2 decimal places.) a. Annual payment b. Semiannual payments c. Quarterly payments d. Monthly payments Effective rate
- What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 7.6%, compounded semiannually, so that the account will have a future value of $150,000 at the end of 18 years? (Round your answer to the nearest cent.)$_____If you borrow $5,300 at $400 interest for one year, what is your annual interest cost for the following payment plan? (Round the final answers to 2 decimal places.) a. Annual payment b. Semiannual payments c. Quarterly payments d. Monthly payments Effective rate % op % %A $133500 loan is repaid by 20 payments of $6500 each at the begin of quarter, followed by 17 payments of $5800 each at the begin of quarter. What interest rate il is being charged ? Answer: 14.06%