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Darya [45]
4 years ago
15

Why do so many people borrow money for large purchases instead of using sinking fund?

Business
1 answer:
yawa3891 [41]4 years ago
4 0

I think that most of the people borrow money for large purchases instead of using a sinking fund because if you need money immediately borrowing money is a simple and easy thing, it takes less time whereas if you use sinking fund, it will take more time because for this you have to make plans earlier but it is a safe and protected method for clearing the debts.
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3 years ago
Using the 20/10 rule, calculate the maximum amount to borrow if your net yearly income is $75,000
Delvig [45]
Using the 20/10 rule: you should never borrow more than 20% of your annual net income and monthly payments shouldn't be more than 10% of your monthly net income.

In this situation, we know the yearly net income is $75,000.
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This would be the most you'd want to borrow given the information provided. 
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3 years ago
Which skill is most important in a candidate applying for the position of a security officer?
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7 0
3 years ago
Which of these types of buildings would not be found on the plaza principal?
scoundrel [369]

The Answer is 

"<span>family homes "

</span>

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3 0
3 years ago
You purchased 1,000 shares of stock in Natural Chicken Wings, Inc., at a price of $43.37 per share. Since you purchased the stoc
leonid [27]

Answer:

9.68%

Explanation:

Percent Return on Investment is calculated as Net Profit / Cost of Investment x 100

Net Profit= $46,620 (1,000 x $46.62 per share) + $950 (1,000 x $.95 per share) - $43,370 (1,000 x $43.37 per share) = $4,200

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Percent Return on Investment=  $4,200 / $43,370 x 100 = 9.68%

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