Answer:
PV=?
N=3
FV= 47,700
PMT= 17,000
I= 5%
Put values in financial calculator
Pv=$87,500
Now use this value to calculate residual value at the end of year 4
PV= 87,500
N=4
Fv=?
PMT= -17,000
I=5
$33,084= residual value in 4 years.
Explanation:
Answer:
The interest revenue will Savor record in Year 1 on this lease at 9% is $347,697
Explanation:
Present value of Lease Payment = $4,561,300
Less: First Payment on Jan 1, 2018 = $698,000
Remaining Balance = $3,863,300
Interest Revenue for Year 1 at 9% = $3,863,300 × 9%
Interest Revenue for Year 1 at 9% = $347,697
Answer:
The answer is: A) Declare the law constitutional because Milton's actions substantially affect interstate commerce.
Explanation:
The Commerce Clause, Article I, Section 8, Clause 3 of the Constitution of the United States:
[The Congress shall have Power] To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.
Congress can enact laws that regulate interstate commerce, and this law is an example of one of them. It doesn't matter if Milton's action only affect commerce in a very small way, the law is still constitutional.
<span>If supply for a product is high but demand is low, the one that most likely needs to happen to achieve equilibrium is: B. The price of the product must go down.
High supply of product will create an abundance in the market. By lowering the price of the product, it will attract more consumers for that product (icnreasing its demand) and will eventually lower the product abundance and bring the curve into equilibrium</span>
