Construct a complete repayment schedule including the totalling of the Amount Paid, Interest paid and Principal Repaid colum
Blended payments on a $3400 loan were $800 per month. Interest was charged at 7.75% per annum calculated on a monthly u
Interest:
Construct a complete repayment schedule including the totalling of the Amount Paid, Interest paid and Principal Repaid co
Blended payments on a $3400 loan were $800 per month. Interest was charged at 7.75% per annum calculated on a month
Payment
Balance
b
Lesson 6: Simple Interest Applications
Practice Questions:
1) A $350 note is issued on October 30, 2011 at 4.5% for 90 days. Use the future value
formula to compute the maturity value.
2) A ten-month, $5650 note dated September 1, 2013 earns interest at 3
Assignments 5% each
Assignment 1
Research a product where a change occurred to cause a shift in the supply curve.
a) Describe in your own words the product, the change that occurred.
b) Describe why that change caused a shift to the supply curve and the d
Lesson 5: Simple Interest
Practice Solutions:
1) Compute the amount of interest for each of the following:
a) $1697.23 at 3.4% for 163 days.
b) $1713.09 at 4.4% from August 30, 2013 to March 30, 2014.
a)
I 1697.23 0.034
b)
163
$25.77
365
Number of days
Lesson 6: Simple Interest Applications
Practice Solutions:
1) A $350 note is issued on October 30, 2011 at 4.5% for 90 days. Use the future value
formula to compute the maturity value.
No. of days = 93
93
365
93
S 350.00 1 0.045
350.00(1 0.011466) $354
Example of a break-even chart in Excel
Let assume:
TR= $40x
TC = $400 + $10x
FC = $400
Price =
1) Plot points for TR
x
0
20
40
60
80
100
TR
$0
$600
$1,200
$1,800
$2,400
$3,000
$3,000
E
$2,500
$2,000
Break-even point
(20, $600)
$1,500
$1,000
Break-even sal
Lesson 5: Simple Interest
Practice Questions:
1) Compute the amount of interest for each of the following:
a) $1697.23 at 3.4% for 163 days.
b) $1713.09 at 4.4% from August 30, 2013 to March 30, 2014.
2) Edgar borrowed $1800 form his parents to finance a
A1: Bad-news Letter Assignment (10%)
Submit your assignment on or before the due date specified in the Calendar using your last name, first
initial and assignment number as a title (e.g. SmithA A1).
Scenario:
From textbook: 7.7 Claim Refusal: Wilted Lands
Lesson 3: Break-even and Cost-Volume-Profit Analysis
Practice Solutions:
1) Fashion One specializes in hats modelled after fashions from the past. It purchases
these hats for $42 each. It can provide a custom service to print the new owners name on
the ha
Lesson 3: Break-even and Cost-Volume-Profit Analysis
Practice Questions:
1) Fashion One specializes in hats modelled after fashions from the past. It purchases
these hats for $42 each. It can provide a custom service to print the new owners name on
the ha