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2 years ago

Widget Corporation just bought land on which it plans to build a new manufacturing facility. How is the land owned

Business

1 answer:

galben [10]2 years ago

6 0

The land bought by Widget Corporation is owned by joint tenancy.

<h3>What is joint tenancy?</h3>

Joint tenancy is a situation whereby properties are owned by two or more people, who have same rights and obligations. This means that each of the parties to the joint tenancy owns equal share of the entire property.

The above means that upon the demise of any of the tenant, the other surviving tenant has the right of the property.

Hence, the land bought by Widget Corporation is owned by joint tenancy.

Learn more about joint tenancy here : brainly.com/question/25787743

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Answer:

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Hi, in order to find the total amount that Rahul will owe the bank in 3 months, we need to use the following formula (this is for a compounded daily rate).

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Everything should look like this.

$FutureValue=18,000(1+\frac{0.10}{365} )^{\frac{3*365}{12} }$

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Answer:

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