Answer:
$87,710.87
Explanation:
In this question, we use the present value formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Future value = $100,000
Rate of interest = 10%
NPER = 10 years
PMT = $100,000 × 8% = $80
00
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the answer would be $87,710.87
The lender and borrower agree to the amount borrowed, the loan amount, the interest rate and the monthly payment, which depend on the borrower's credit rating.Generally, real estate and auto loans are closed-end credit, but home-equity lines of credit and credit cards are revolving lines of credit or open-end.
Explanation:
The Fair Debt Collection Practices act protects the credit card users from the deceptive or incorrect practices when debt is collected.
Answer: By implementing the principles of management such as planning, organization, leadership and control, it would influence the dynamics of the company, which would automatically improve processes.
Explanation: If managers ensure that the actions are implemented correctly, the organizational culture will work according to the principles and the results can be measured.
Answer:
EXPANSION
Explanation:
Expansion Phase
The expansion phase is the first stage in a business cycle. It is the period in the business cycle where there are increases in GDP, employment, incomes, production and sales. At this stage, investments is booming and there's a steady flow of money supply. When GDP grows for two or more consecutive quarters, it serves as a good indicator for expansion, moving from trough to peak. It is also known as ECONOMIC RECOVERY.