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Bad White [126]
3 years ago
11

On this date last year, you borrowed $3,900. You have to repay the loan with a lump sum payment of $6,000 six years from now. Wh

at is the interest rate?
Business
1 answer:
Vlada [557]3 years ago
8 0

Answer:

Interest Rate=0.0635=6.35%

Explanation:

Given Data:

Money Borrowed last year=PV=$3,900

Future Payment as a lump sum payment=FV=$6,000

Total Number of years=n=7 years

Required:

Interest Rate=i=?

Solution:

Formula:

FV=PV(1+i)^n

In our case, FV=$6,000, PV=$3,900, n=7

i=(\frac{FV}{PV})^{1/n}-1\\i=(\frac{6000}{3900})^{1/7}-1\\ i=0.0635

Interest Rate=0.0635=6.35%

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Which of the following statements regarding C corporation is false?
Vedmedyk [2.9K]

These are the choices I found on the internet:

A. C corporations are generally not subject to corporate income tax.

B. C corporations are separate entities for tax purposes.

C. Shareholders of a C corporation have limited liability.

D. Shareholders of a C corporation are taxed only when the corporation distributes earnings and profits.


The false one would be letter A - C corporations are generally not subject to corporate income tax. C corporations are subject to tax and may be taxed at a tax rate from 15 to 38 percent.

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3 years ago
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Jake retired from the police force. He started working an hour or two a day at a paid job in city's courthouse. Jake is A) emplo
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Answer:

The correct answer is letter "A": employed.

Explanation:

Employment is the state in which an individual works independently or for someone else and obtains compensation for the duties performed regardless of the number of hours or days by week that person works. Employment could be informal (usually when the employee does not have payroll benefits) or formal (when the company that person works for offers employees wage, health benefits and a specific number of working hours per week).

5 0
2 years ago
One of the questions in the Pew Internet & American Life Project asked adults if they used the Internet at least occasionall
g100num [7]

Answer:

Explanation:

S/N   Age range       Adult Population       Population Internet Users

A       18   -    29                 478                                 454

B       30   -    49                833                                 741

C       50 and above         1644                                1058

             Total                     2955                               2253

a) Let E = Estimate proportion and A = Internet users

Hence, n(E) = 478 and n(A) = 454

∴ Probability of Internet users (18 - 29), P(A) = n(A)/n(E) = 454/478 = 0.9498 (94.98%)

b) n(E) = 833 and n(B) = 741

∴ Probability of Internet users (30 - 49), P(B) = n(A)/n(E) = 741/833 = 0.8896 (88.96%)

c) n(E) = 1644 and n(C) = 1058

∴ Probability of Internet users (50 and above), P(C) = n(C)/n(E) = 1058/1644 = 0.6436 (64.36%)

d) Let Et = Total estimate proportion

Hence, n(Et) = 2955 and n(A) = 454

∴ Probability of 18 - 29 age range using Internet overall Pt(A) = n(A)/n(Et) = 454/2955 = 0.1536 (15.36%)

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At what month should an infant be able to sit steadily for five minutes?
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