<span>She makes the purchase for $552.86.
After one month, she owes $552.86 + the interest of that month.
One month's interest is 27.3%/12 on the balance, so $552.86 * 0.273/12 = $12.58
At the end of the first month, she owes $552.86 + $12.58 = $565.44.
She pays $195. Now she owes $565.44 - $195 = $370.44
After the second month, she owes $370.44 + interst of that month.
One month's interest is 27.3%/12 on the balance, so $370.44 * 0.273/12 = $8.43
At the end of the second month, she owes $370.44 + $8.43 = $378.87
She pays $195. Now she owes $378.87 - $195 = $183.87
After the third month, she owes $183.87 + interest of that month.
One month's interest is 27.3%/12, so $183.87 * 0.273/12 = $4.18
At the end of the third month, she owes $183.87 + $4.18 = $188.05
She pays $188.05 and pays it off.
The total amount she paid was $195 + $195 + $188.05 = $578.05</span>
Answer: unpaid principal balance.
Explanation: unpaid principal balance is that portion of a loan that has not yet been paid back to the lender by the borrower. The balance represents the remaining risk of nonpayment being incurred by the lender. Unpaid principal balance is the portion of a loan at a certain point in time that has not yet been remitted to the lender. The original unpaid principal balance is the amount borrowed, and therefore, the amount the borrower owes the lender on the origination date of the loan.
<span>Planning for the possibility that your home might get struck by lightning and catch on fire is part of a plan for protecting assets. This planning falls under protecting your assets because you are taking initiative by making sure your home is protected in the event it is struck by lighting or catches on fire. The plan you develop will make sure your assets are protected and allows you to have steps in place to make sure that you do not lose everything without protection. </span>
Answer:
D) $600,000
Explanation:
The double-declining-balance method of depreciation = Depreciation factor x cost of asset
Depreciation factor = 2 x (1/useful life of the asset)
Depreciation factor = 2 / 5 = 0.4
Deprecation expense = 0.4 x $1,500,000 = $600,000
I hope my answer helps you
Answer:
specialty store
Explanation:
Based on the scenario being described within the question it can be said that for this you would most likely choose a specialty store. This refers to a retail business that focuses on very unique and specific product categories, in which everything revolves around that category. This category may be unique but offer a wide variety of product offering within it.