1) A student loan is an example of an unsecured debt. A secured debt is when a person has something as collateral like their automobile.
2) Unsecured debts usually have higher interest rates when compared to something with a secured debt.
Answer:
$444
Explanation:
Hi, I have attached the full question as an image below.
The period payment is the installment amount required to be paid on the loan. Installments are made after different periods for different loans in a year. Some instalments may be paid once or twice during the year. These instalments comprise the interest charge and the repayment of the principle until the loan matures (the future value becomes $0).
So given the data as :
<em>Principal (PV) = $30,000</em>
<em>Interest (I/YR) = 4 %</em>
<em>Period per year (P/YR) = 6</em>
<em>Total Periods (N) = 15 × 6 = 90</em>
<em>Future Value (FV) = $ 0</em>
<em>Payment (PMT) = ?</em>
Inputting the data in a financial calculator as : (PV) = $30,000, (I/YR) = 4 %, (P/YR) = 6, (N) = 15 × 6 = 90 and (FV) = $ 0 we can solve PMT as $444
Conclusion ;
Periodic payment R required to amortize a loan is $444
The correct statement is that the forms of business like Sole proprietorship, partnership and corporation are forms of ownership. So, the correct option is D.
The franchise business form does not give the franchisee an ownership of the business, rather, it gives the franchisee a license to operate its business for such time.
<h3>Forms of Business Organization</h3>
- Forms of business organization is an establishment of an artificial individual person to conduct business with an intention to share profits and losses, if any.
- A sole proprietorship is such form of business where the control, ownership and management of an organization is in the hands of a sole owner.
- A partnership is an establishment of two or more individual into an agreement of conducting business with a view to share profits in a predetermined proportion.
- A corporation is of two types - private and public. A private corporation is an establishment having at least two members holding share in the company.
Hence, the correct option is D that the three legal forms of business ownership are partnership, sole proprietorship and corporation.
Learn more about forms of business organization here:
brainly.com/question/1167298
Answer:
B. $8293.75
Step-by-step explanation:
<em>On first $9 225:</em>
Tax = $9225 × 0.10 = $ 922.50
<em>On next $28 225:
</em>
Tax = $28 225 × 0.15 = 4233.75
<em>On last $12 550</em>:
Tax = <u>$12 550</u> × 0.25 = <u> 3137.50
</u>
$50 000 $8293.75
This isn't exactly the same as on your answer key.