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IrinaVladis [17]

3 years ago

14

Applying the interest allowance method, compute Taylor's and Timmy's share of net income if Taylor invested $200,000 and Timmy i

nvested $800,000 at a 6% interest rate, with the remainder to be divided equally. Net income was $75,000.

2 answers:

Alecsey [184]3 years ago

6 0

Taylor: $19,500

Timmy: $55,500

anygoal [31]3 years ago

5 0

Taylor Timmy

Interest @6% 12000 48000

Remainder Profit Divided Equally 7500 7500

Total 19500 55500

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