Answer:
$2,584.34
Explanation:
we can use the present value of an ordinary formula to calculate this:
present value = annual payment x annuity factor
- present value = $21,000
- PV annuity factor, 8.25%, 14 periods = 8.12586
annual payment = present value / annuity factor = $21,000 / 8.12586 = $2,584.34
When the interest rates are not whole number, e.g. 4%, instead of trying to use a present value annuity table, you should look online for annuity calculators that will calculate the annuity factors for you.
E and b not really sure but it’s my best guess
Answer:
sole proprietorship
Explanation:
sole proprietorship is a type of business which is owned and managed by one person and there is no legal difference between owner and business entity itself.
Since in this case business is under the name of Jim, it is sole proprietorship under the law
You look like you seem fun to hang around!
Answer:
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfils these functions can be considered as money.
