Answer:
EMI
Loan Amount 230000
Interest rate per period 0.00375
Number of periods 300
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Where,
EMI= Equal Monthly Payment
P= Loan Amount
R= Interest rate per period
N= Number of periods
= [ $230000x0.004 x (1+0.004)^300]/[(1+0.004)^300 -1]
= [ $862.5( 1.004 )^300] / [(1.004 )^300 -1
=$1278.4147
Total payment = $1278.4147*300
=$383524.41
Interest payment = total payment - laon amount
=$383524.41-230000
Interest payment =$1,53,524.41
Explanation:
2016 may 1 Debit Notes Receivable $5,300
Credit Accounts Receivable $5,300
2016 dec 31 Debit Interest Receivable $106
Credit Interest Income $106
2017 may 1 Debit Cash $5,459
Credit Notes Receivable $5,300
Credit Interest Receivable $159
I think it's D but I can't say I'm 100% sure..
Answer:
monopolistically competitive industry.
Explanation:
this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated
Answer:
the average annual economic growth rate in Taiwan from 1961 to 1981 was 41.42%
Explanation:
Hi, we need to use the following formula.
Where:
FV = GDP in 1981 ($1,000)
PV = GDP in 1961 ($500)
r = growth rate
t = years from 1981 to 1961 (20 years)
So, it should look like this:
Now, we solve for "r"
![\sqrt[20]{2} -1=r](https://tex.z-dn.net/?f=%5Csqrt%5B20%5D%7B2%7D%20-1%3Dr)
So, the growth rate of Taiwan´s GDP is 41.42%
Best of luck.
