Sunset Photography requires a 40% deposit on all bookings. In March, they received deposits for weddings totaling $24,000. What is the total contract value of these bookings?
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- What is the total contract value of these booking?Give me answerThe payments required on a contractual obligation are $800 per month. The contract was purchased for $9,250 just before a regular payment date. The purchaser determined this price based on a required rate of return of 4.3% compounded monthly. How many payments will be required, include the partial final payment? 12 payments 24 payments 9 payments 6 payments 18 payments
- A gym offers an annual membership for an upfront payment of $1,175. Alternatively, a customer can choose to pay beginning-of-month payments of $110 for 12 months. What monthly compounded rate is the gym charging a customer who selects the monthly payment plan?you take out an installment loan to purchase a time share costing $17,000. You make a down payment of $2,500 and finance the balance by making monthly payments of $718.66 for 24 months. Find the APRYou have been offered a contract to work as a consultant. The company will pay you $6215 per month. In addition, once you complete the work in 4 years, you will receive $46865. Your required return is 6.57%, what is this contract worth today? show all step and fomular. Answer
- A contract requires end-of-month payments of $240 for another 9 1/4 years. What would an investor pay to purchase this contract if she requires a rate of return of 4.5% compounded monthly? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Investor would pay $The manager of Steve’s Audio has approved Daisy’s application for 24 months of credit at maximum monthly payments of $45. If the annual percentage rate (APR) is 19.2 percent, what is the maximum initial purchase that Daisy can buy on credit? Can the calculator and excel solution be provided?Your company agreed to pay a maintenance contractor $ 3.677 as the first payment at the end of the first month. Then, the payment amount will increase by 6 every month. The duration of the maintenance contract is 5 years. If the interest rate is 6% per month, the present worth (now) of this maintenance contract is:
- Gold's Gym wants to offer its clients a monthly payment option on its annual membership dues of $490. If the gym charges 7.75% compounded quarterly on its membership fee, what beginning-of-month payments should it advertise?A finance company paid a merchant $3,975 for a conditional sale contract after discounting it to yield 18% compounded monthly. If the contract is for 20 monthly payments of $256.96 following a payment-free period, what is the time interval between the date of sale and the first payment? (Round your answer to the nearest month.) _____ monthsGear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?