Answer:
The annualy payment for theamortized loan is $6,802.44
Explanation:
First we will find the total loan payment TP for the $20,000 borrowed over the next four years with a annual return of 8%:
TP = $20,000 *(1+8%)^4
TP = $20,000 *(1.08)^4
TP = $20,000 *1.3605 = $27,209.7
The annual payments AN is obtained by dividing the TP into the 4 years:
AN = $27,209.7 / 4 = $6,802.44
The economy is consider to be at full employment.
The answer is <u>"A. Interest earning".</u>
A debit is an accounting entry that outcomes in either an expansion in resources or a decline in liabilities on an organization's accounting report. In basic accounting, debits are adjusted by credits, which work the correct inverse way. For example, if a firm applies for a new line of credit to buy gear, it would debit settled resources and credit a liabilities account, contingent upon the idea of the loan.
Answer:
unsolicited trade
Explanation:
In this scenario, the trade that was made would be considered an unsolicited trade. This is mainly due to the customer having called the representative telling him to place the trade and buy the 100 shares of ABC stock. Therefore, this trade was ultimately the idea of the investor (customer) in this scenario and not the representative's idea. That would make this trade fall into the category of an unsolicited trade. If the idea was initially the representative's and he was the one to mention the trade to the client then it would have been a solicited trade, but this is not the case.
