Answer:
$353.05
Explanation:
To calculate this, the loan amortization formula is employed as follwow:
P = {A × [r(1 + r)^n]} ÷ {[(1+r)^n]-1} .................................... (1)
Where,
P = Monthly required payment = ?
A = Loan amount = $7,500
r = monthly interest rate = (0.12 ÷ 12) = 0.01
n = number of payment period = 24 months
Substituting all the figures into equation (1), we have:
P = {7,500 × [0.01(1 + 0.01)^24]} ÷ {[(1 + 0.01)^24]-1} = $353.05
Therefore, the amount of monthly payments is $353.05.
I think the answer is true although i'm not sure. please go back to your lesson and check, everything says there. I'm guessing you are home-schooled so just go through the lesson while doing the test, this way you will know for sure that you got everything right.
Answer:Debit , market, stated.
Explanation: An actual payment of interest from a payables account is always entered as a debit in that account ledger. Then when calculating the effective interest : it is the the difference between the cash payment based on the market interest rate and interest expense based on the stated interest rate.
Answer:
A trust created while a person is still alive is called a Living Trust. The Living Trust is created when one person, a Grantor, places property into the trust.
Explanation:
The ongoing set of competitive actions and competitive responses that occur among firms as they maneuver for an advantageous market position is called competitive rivalry.
Aggressive competition is the continued set of aggressive moves and competitive responses that occur amongst corporations as they maneuver for an nice market position. competitors are firms running in the equal market, supplying similar merchandise, and concentrated on similar customers.
Creates a positive picture of your emblem or product: Positioning in advertising lets in you to influence how others view your product. in case you create materials that show the product in a effective light, customers may partner you this, that may result in extra purchases.
Learn more about advantageous market position here:-brainly.com/question/15530466
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