Answer:
C) interest rate
Explanation:
Based on the scenario being described within the question it can be said that this price is commonly referred to as the interest rate. Like mentioned, this is the principal that is charged by the lender of the money to the borrower for the use of the borrowed money. This is usually charged as a percentage of the total amount that is being borrowed.
Is available on the market, is the answer
Blue Ice Inc. is an American corporation. The company started out as a <u>Partnership </u>between Nick Selver and Rita Andrew in 1985. In 2001, the <u>partners </u>decided to <u>incorporate </u>their company so they could sell company stock on the<u> Stock Market</u>. Blue Ice raised $10 billion with its IPO. It was one of the biggest IPOs of 2001.
<h3>What is
partnership?</h3>
Partnership is a form of business carried out by two or more parties or people in which both parties involve in the partnership business must agreed to the terms and condition of the partnership and must as well share their profit equally.
Hence, Blue Ice Inc. is an American corporation. The company started out as a <u>Partnership </u>between Nick Selver and Rita Andrew in 1985. In 2001, the <u>partners </u>decided to <u>incorporate </u>their company so they could sell company stock on the<u> Stock Market</u>. Blue Ice raised $10 billion with its IPO. It was one of the biggest IPOs of 2001.
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Recurring debt is the form of a due payment that occurs continuously as the amount of the money cannot be cancelled at the debtor's request it consists of the loan payment, alimony and child support.
$388 is the maximum allowable recurring debt.
<h3>What is the 28:36 ratio and how it is calculated?</h3>
The ratio states that a family should expend the utmost of 28% of its monthly earnings on entire housing expenditures but not additionally than 36% on complete debt service.
Given,
Monthly income = $4,850
- <u>Maximum expense on housing expense</u> = 28% of 4850

- <u>Maximum expense on total debt service</u> = 36% of 4850

- Therefore, the maximum allowable recurring debt with a monthly income of $4,850

Thus, option A. $388 is correct.
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Synergism comes in when two companies combined where their value and their performance will become greater than<span> the sum of the separate individual parts. Synergism originally comes from the Greek word, "synergos" which means working together.</span>