What is Loan Principal Balance
Principal is the initial sum of a loan in the context of borrowing; it can also refer to the balance still owed on a loan. The principal of a $50,000 mortgage, for instance, is $50,000. If you pay down $30,000, the remaining $20,000 is the primary balance. The principal of a loan determines how much interest you pay. The amount of your monthly loan installments is applied to the accrued interest first and only then to the principle when you make a payment. The only method to lower the amount of interest that accrues each month is to reduce the loan's principal.
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$250,000
$1,458 x 12 months = 17,496
17,496 / 0.07 =$249,942
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Question Completion:
Options:
a. There must be at least two parties.
b. Each party is free to accept or reject the exchange offer.
c. Each party believes it is appropriate or desirable to deal with the other party.
d. Each party has something that might be of value to the other party.
Answer:
c. Each party believes it is appropriate or desirable to deal with the other party.
Explanation:
Criteria C is the criteria that will most directly relate to Deon's cancellation of the sponsorships. Business deals and relationships cannot be established or allowed to subsist when it becomes inappropriate or undesirable to deal with the other party because of controversial activities. This is more so when the activities involve political and social justice beliefs and differences. Ordinarily, business partners should not allow such personal prejudices to becloud their relationships. The best approach, therefore, is for business partners to keep their political and social justice beliefs personal and not make them public issues.
You start with your first day = 30$ and then you add up 10 for each the keeping in mind that the first day you do not pay those 10$
c = 30+(d-1)*10; where d= number of days
Answer: $2569.00
Explanation:
Purchase price per share = $13.20
Number of shares = 80
Commission on transaction = $0.03 per share plus $27
Sales prices per share = $45.68
Total Purchase price = ( number of shares × purchase price per share)
Total Purchase price = (80 × $13.20) = $1056.00
Total Sales price = (number of shares × sales price per share)
Total Sales price = (80 × $45.68) = $3654.40
Commission = $27 + (80 × 0.03) = $29.40
Profit or loss = Total Sales price - Total purchase price - commission
Profit or loss = $3654.40 - $1056.00 - $29.40
Profit = $2569.00
