Business, 06.10.2019 04:01 allisonatalie6654

The following situations should be considered independently. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) 1. john jamison wants to accumulate $64,307 for a down payment on a small business. he will invest $30,000 today in a bank account paying 10% interest compounded annually. approximately how long will it take john to reach his goal? 2. the jasmine tea company purchased merchandise from a supplier for $33,494. payment was a noninterest-bearing note requiring jasmine to make seven annual payments of $6,000 beginning one year from the date of purchase. what is the interest rate implicit in this agreement? 3. sam robinson borrowed $15,000 from a friend and promised to pay the loan in 11 equal annual installments beginning one year from the date of the loan. sam’s friend would like to be reimbursed for the time value of money at an 11% annual rate. what is the annual payment sam must make to pay back his friend?

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Answer from: Seumas9307

1. John Jamison Approximately how long will it take John to reach his goal?

2. Jasmine Company What is the interest rate implicit in this agreement?

8,77%

3. Sam Robinson What is the annual payment Sam must make to pay back his friend?

2416,815107

Explanation:

PV xInt Ratex+int.rateNy y*PV

1. John Jamison30000110% 110%82,143 64307,664364307

2.Jasmine CompanyNMonthlyprincipalinterestNet value

33.494

16.0003.0622.93730.432

26.0003.3312.66927.101

36.0003.6232.37723.477

46.0003.9412.05919.536

56.0004.2871.71315.250

66.0004.6621.33710.587

76.0005.0719295.516

86.0005.5164840

Loan33494

Monthly:8

Interest:8,77%

Monthly payment6.000

3. Sam RobinsonNMonthlyprincipalinterestNet value

15000

12416,815107766,8151071650 14233,18489

22416,815107851,16476871565,65033813382,02012

32416,815107944,79289331472,02221412437,22723

42416,8151071048,7201121368,09499511388,50712

52416,8151071164,0793241252,73578310224,4278

62416,8151071292,1280491124,6870588932,299746

72416,8151071434,262135982,55297217498,037611

82416,8151071592,03097824,78413725906,006641

92416,8151071767,154376649,66073064138,852265

102416,8151071961,541358455,27374922177,310907

112416,8151072177,310907239,50419980

Answer from: Quest

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues, with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

Answer from: Quest

107x106 is the answer

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