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3 years ago

Orlando has a loan with an effective interest rate of 7.918%, compounded annually. Which of the following must be true?

2 answers:

8 0

The true statement is that in the effective rate formula, n is equal to one. Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or a loan. It is calculated using the formula
A= P (1 + r/100)^n, where A is the accumulated amount, P is the principal amount, r is the rate of interest within a given period and n is the interest periods.

Ira Lisetskai [31]3 years ago

6 0

To clarify, the answer is choice --A.-- which is: I and II.

Took the test and got it correct. Have a good day. :)

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Explanation:

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The deadweight loss will be calculated as:

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3 years ago

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3 years ago

Emma and Laine form the equal EL Partnership. Emma contributes cash of $100,000. Laine contributes property with an adjusted bas

zavuch27 [327]

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Explanation:

As given in the question

Emma and Laine form the equal EL Partnership.
Emma contributes cash of $100,000 in EL Partnership
Laine contributes property with an adjusted basis of $40,000

1)How much gain, if any, must Emma recognize on the transfer

Ans: Neither Emma nor Laine ,none of them recognize any gain.

2) What is Emma's basis in her partnership interest

Ans:Emma basis in her patnership interest is $100,000

3) What is Laine's basis in her partnership interest

Ans: Laine's basis in her partnership interest is $40000

4) What basis does the partnership take in the property transferred by Laine

Ans: $40,000

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4 years ago