Answer:
The correct answer is letter "D": an installment note.
Explanation:
An installment note is a promissory commitment for payment of the principal and interest of a debt. The payments are distributed in equal periods of time -usually monthly, and represent the amortization of the total amount owed. According to the agreement, a minimum amount can be established to be paid to avoid more debt.
Answer:
100,000 shares and 80,000 shares
Explanation:
Calculation to determine how many shares were issued and outstanding, respectively
The shares that were issued will be 100,000 shares that were sold to the company's founders while the shares outstanding will be 80,000 shares Calculated as :
Shares outstanding=Shares issued -Shares repurchased
Shares outstanding=100,000 shares-80,000 shares
Shares outstanding =80,000 shares
Therefore the Number of shares that were issued and outstanding, respectively are:100,000 shares and 80,000 shares
If Chloe did not pay off the loan, she will payout 263.75 x 12 = $3165.00
However, if Chloe pays off the loan with the sixth payment, she will pay out (263.75 x 5) + 1,786.20 = $3,086.95.
But the question is how much will she save? To get the answer just follow this: 3165.00 - 3086.95 = $78.05
Therefore, Chloe saves $78.05
Mixed<span> economy is not considered a major economic system along with free enterprise and socialism because the features of these economy are exactly the same with some of the features of free enterprise and socialism. Basically, this type of economic system is just a combination of the features of the free enterprise and socialism.</span><span> </span>
Answer:
APR 6.498%
Explanation:
We solve for rate using excel goal seek
we write on A1:
=PV(A2;60;2,250)
Now, on A2 wirite any number as a placeholder
Last we use goal seak tool to make the A1 value of 115,000 changin A2 (which is the rate)
C 2,250.00
time 60
rate 0.00541501
PV $115,000.0007
now, this rate will be monthly so we multiply by 12
0.00541501 x 12 = 0,06498012 = 6.498%
