Answer:
4%
Explanation:
Simple interest is calculated using the formula
I = p x r x t
in this case, the interest I is the total amount-principal amount
I = $50,000- $46,875
=$3,125
$3,125 = 46,875 x r x 1 year 8 months
$3,125 =46,875 x r/100 x 1.67
3125=78,281.25 x r/100
$3125 x 100 = 78,281.25 x r
$312500= 78,281.25
r=312500/78,281.25
r=3.992
r=4%
Answer:
Adjusting process
Explanation:
The expense recognition (matching) principle aims to record (expenses/assets/liabilities) in the same accounting period as the (expenses/revenues/assets) that are earned as a result of those costs. This principle is a major part of the Adjusting process.
Let the dealer know you are shopping around. Why? Because they will try to rope you in to only go through them.
When solving a present value equation using a financial calculator, the years for compounding should be entered as the n value on the financial calculator.
This n value from the question tells us is the number of years for compounding. That is also known as the number of periods.
If what the person is calculating is the loan values, then n has to be calculated based on the number of payments.
For example if a person wants to calculate a 12 year loan that that is to be paid monthly,
n would be 12*12 = 144
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When managing real estate transactions, real estate licensees can protect themselves by documenting and disclosing pertinent information.
Record and reveal important facts. Hint: Doing everything in their power to protect themselves is the only option for professionals who seek to advance and thrive in their chosen vocation. Documenting the disclosure of material facts, or information that could have an impact on the property's worth or desirability, is one way to accomplish this. The Borrower is not aware of any significant information that has not been provided to the Agent but that, in the event that it had been, could have reasonably been expected to have influenced a person's decision to make lending facilities of the kind contemplated by this Agreement.
Learn more about disclosing pertinent information here.
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