Common stocks are stocks also known as securities that show how and who has ownership in the corporation. Those who own common stock have some control over the corporation and are decision makers within the company. The advantages of common stock are that those who own them have shares in the company and make decisions. A disadvantage of common stock is the financial risk that comes with it.
Answer:
$2,264.04
Explanation:
To find future value we use the formula:
Future Value = Annual payment × Future value annuity factor
Therefore,
![FV = P * [((1+r)^n - 1) / r]](https://tex.z-dn.net/?f=%20FV%20%3D%20P%20%2A%20%5B%28%281%2Br%29%5En%20-%201%29%20%2F%20r%5D%20)
Where P = Principal amount = $180
r = rate = 5% == 0.05
n = 10 years
![= 180 *[((1+0.05)^1^0) / 0.05]](https://tex.z-dn.net/?f=%20%3D%20180%20%2A%5B%28%281%2B0.05%29%5E1%5E0%29%20%2F%200.05%5D%20)
= $2,264.04
Therefore the Future Value is $2,264.04
Answer:
The correct answer is letter "D": You are formally accepting a loan and agree to pay it back in accordance to the terms that are outlined for that loan.
Explanation:
A Promissory Note is a written promise made by one party to pay a specified sum of money to another party, either on-demand or at a specified future date. It is commonly used as a means of short-term financing in businesses. For example, when a company has solved many products but not yet collected payments for them, it may become low on cash and unable to pay its own creditors with the case. In such a case, it may ask its creditors to accept a promissory note that can be exchanged for cash at a future time after it collects its account receivables.
How are we going to answer without the choices?
Answer:
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Explanation:
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