1) Partnership. Nick Selver and Rita Andrew began the company as a partnership.
2) partners: This word best describes the interest-holding people in a partnership
3) Incorporate: This word best describes converting the partnership to a corporation in order to democratize ownership of the company and sell stock publicly
4) Stock Market: This is the market in which shares of a public company are traded on the open market.
Answer:
True
Explanation:
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The amount of 3000 will have to be deposited to earn $90 of interest for 8 months, if money is deposited in a bank that pay's simple interest of 4.5%.
Explanation:
The given is,
Simple interest of 4.5 %
Earn $90 of interest for 8 months
Step:1
Formula to calculate the simple interest method,
...................................(1)
Where,
F - Future amount
P - Initial investment
i - Rate of interest
N - Number of years
From given,
i - 4.5%
Let, X - Initial investment, P = X
F = P + Interest amount
F = X + 90
From the equation (1),

(∵ N = 8 months =
= 0.667 year )






= 3000
P = X = $ 3000
From the X value.
F = P + 90
= 3000 + 90
F = $ 3090
Result:
The amount of 3000 will have to be deposited to earn $90 of interest for 8 months, if money is deposited in a bank that pay's simple interest of 4.5%.
Answer:
Revolving loan
Explanation:
A revolving loan can be described as a loan that has a fixed monthly repayment. The interest rate that will be paid depends on the individual previous credit score and well as how well the individual can afford it.
The revolving loan provides access to a rolling credit facility, it enables the individual to borrow some amount of money again which could be up to your original loan amount, as long as a certain percentage of the loan has been repaid.
A revolving credit loan helps to provide cash for the business day-to-day activities thereby leading to an effective cash flow management for small businesses.