The O'Brien Company purchased a new building for $185,500. After a down payment of $38,800, the balance was paid in equal monthly payments, with no interest. a. If the loan was paid off in 3 years, how much were the monthly payments? b. If the loan was paid off in 5 years, how much less were the monthly payments?
a. $4,075
b. $1,630
You might also like to view...
The project lead in an MNC decides to assign every member of his team to a new project and monitors their performance on a customized scale of scores. The data on their performance over a period of six months are shown below.
Performance Scores Team members Jan Feb Mar Apr May Jun1 4 5 2 3 -1 32 2 2 3 1 4 43 -1 4 4 4 5 14 5 1 4 2 5 35 2 2 1 5 4 46 4 1 2 1 -1 47 1 5 -1 2 5 18 1 2 5 5 4 29 4 5 3 4 2 210 4 5 2 2 -1 511 5 -1 5 1 2 212 3 2 -1 -1 1 213 -1 1 4 -1 4 514 2 3 3 2 -1 415 5 -1 5 5 1 116 5 2 1 5 2 -117 5 -1 4 -1 2 118 3 4 -1 5 2 419 2 3 5 1 3 120 4 4 3 1 -1 521 3 1 1 4 -1 422 3 1 5 5 4 223 2 2 -1 3 2 -124 1 2 4 4 4 325 3 5 -1 2 5 4 a. Create a heat map in Excel that shades the cells with negative performance scores. Use Excel's Conditional Formatting function to create this heat map.b. For each month, identify the team members who scored negative. Which month has the highest negative performance scores? ? What will be an ideal response?
The Eighth Amendment prohibits capital punishment
Indicate whether the statement is true or false
Which of the following best describes how each share of par value stock issued is reported in the Common Stock account?
A. Average issue price B. Lower of cost or market C. Par or stated value D. Current market value
A stock is selling for $41.60. The strike price on a call, maturing in 6 months, is $45. The possible stock prices at the end of 6 months are $35.00 and $49.00. Interest rates are 5.0%
Given an under-priced option, what are the short sale proceeds in an arbitrage strategy? A) $6.36 B) $8.22 C) $10.43 D) $11.89