Answer: $387.23
Explanation:
Given that,
Borrowed from bank, P = $50,000
Annual interest rate, r = 8% = 0.08
Monthly rate of interest = 
= 0.0067
Tenure(period), n = 25 years = 25 × 12
= 300 months
![Monthly\ Installments=\frac{P\times r\times (1+r)^{n}}{[(1+r)^{n}-1]}](https://tex.z-dn.net/?f=Monthly%5C%20Installments%3D%5Cfrac%7BP%5Ctimes%20r%5Ctimes%20%281%2Br%29%5E%7Bn%7D%7D%7B%5B%281%2Br%29%5E%7Bn%7D-1%5D%7D)
![Monthly\ Installments=\frac{50,000\times 0.0067\times (1+0.0067)^{300}}{[(1+0.0067)^{300}-1]}](https://tex.z-dn.net/?f=Monthly%5C%20Installments%3D%5Cfrac%7B50%2C000%5Ctimes%200.0067%5Ctimes%20%281%2B0.0067%29%5E%7B300%7D%7D%7B%5B%281%2B0.0067%29%5E%7B300%7D-1%5D%7D)
= 387.23
Therefore, the required monthly payment is $387.23
Answer:
Kelsey owns a cottage in which her aunt Matilda lives.
Kelsey wants to insure that Matilda can live in the cottage for the remainder of her life, but when Matilda dies, title to the property will return to Kelsey.
Kelsey can accomplish this objective by granting Matilda a Drag and Drop the appropriate terms into the spaces provided
A life tenant has the OBLIGATION to keep the property in good repair and to pay property taxes.
The two types of CURRENT ownership are tenancy in common and joint tenancy.
Concurrent ownership MENTIONATED can also be held in a tenancy by the entirety or as community property.
In most states, it is PRESUMED that a co-tenancy is a tenancy in common.
With a joint tenancy a deceased joint tenant's interest IS TRANSFERED to the surviving joint tenant or tenants.
The right of survivorship DISTINGUISHED a joint tenancy from a tenancy in common.
When a joint tenant transfers her or his rights to another without the consent of the other joint tenants, doing so TERMINATED the joint tenancy.
Explanation:
Kelsey and her aunt Matilda, they made an agreement so that Matilda can usufruct the house while she lives, and when she dies she becomes Kelsey.
<span>As ceo of a company called adelphia, John Rigas </span><span>siphoned off billions of dollars to support his family's extravagant lifestyle and bankrupted the company in the process. But eventually, John Rigas was found guilty in embezzling around $ 1 billion from his shareholders and hiding around $2.3 billion worth of Debt from his accounting books.</span>
Answer:
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Answer:
a. <em>Computation of percentages for Vertical Analysis</em>
Other current Assets -- (Other current assets/Total Assets) * 100 -- ($291/$5070)*100 -- 6%
Intangible -- (Intangibles/Total assets) * 100 --($1,974/$5,070)*100--39%
Property and Equipment,Net -- (Property and equipment,Net/Total assets)*100-- ($548/$5070)100 -- 11%
Accrued Liabilities -- (Accrued liabilities / Total liability and stockholders Equity)*100 -- ($658/$5070)*100-- 13%
Total Liabilities -- (Total liability/Total liabilities and stock holders Equity) * 100 -- ($2803/$5070) * 100 -- 55%
b. <em>Percentage of intangible and Property and Equipment</em>
Intangibles -- (Intangibles / Total assets) * 100 -- ($1,976/$5070 * 100) -- 39%
Property and Equipment -- (Property and Equipment, Net/Total Assets) * 100 -- ($548/$5070 * 100) -- 11%
