The formula for calculating the uniform monthly payments is as follows:
where
P=amount borrowed=6000
i=monthly interest, equals APR/12=0.06/12=0.005
n=number of periods/months (number of years * 12)=5*12=60
Here, substituting numerical values,
=$115.997
=$116.00 (to the nearest cent)
Answer:
separate-but-equal doctrine
Explanation:
The separate-but-equal doctrine was upheld as constitutional in the US since according to this doctrine, racial segregation didn't violate the Fourteenth Amendment to the Constitution because colored people received the same service as white people.
The Fourteenth Amendment guaranteed equal protection for everybody, in this case it guarantees equal service.
Answer:
Explanation:
Market prices control the supply for coffee shops, not only that but also it is also affected by other factors with things like: price of inputs, and how much it cost to make, and technology developments
Answer:
Explanation:
$100,000 debit to the Equipment asset account because you are recording the actual original cost of the equipment (as is required by the Cost Principle of Depreciation). You should also credit the Accumulated Depreciation: Equipment account for $75,000 to show that the equipment has already depreciated for this amount.
