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Marina86 [1]
3 years ago
8

The Jasmine Tea Company purchased merchandise from a supplier for $46,700. Payment was a noninterest-bearing note requiring Jasm

ine to make five annual payments of $12,000 beginning one year from the date of purchase. What is the interest rate implicit in this agreement?
Business
1 answer:
matrenka [14]3 years ago
5 0

Answer:

Implicit interest= 28.48%

Explanation:

Giving the following information:

The Jasmine Tea Company purchase merchandise from a supplier for $46,700.

Payment is five annual payments of $12,000 beginning one year from the date of purchase.

The total payment is= 12000*5= $60000

Implicit interest= (60000/46700)-1= 28.48%

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3 years ago
If the maker of a note does not pay at maturity, __________.
ira [324]
The maker. Hope this helps. :)
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3 years ago
A mother wants to invest ​$12 comma 000.00 for her​ son's future education. She invests a portion of the money in a bank certifi
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Answer:

A = $4000

Explanation:

given data:

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interest on CD= 4%

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the portion invested in the CD is A

total portion invested as a bond = $12,000 - A

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8 0
4 years ago
Jimmy is an employee of Roofing, Inc., which is performing a contract for the federal government. Jimmy learns that Roofing, Inc
Bas_tet [7]

Answer:

An exception based on public policy.

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6 0
3 years ago
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Serjik [45]

Answer:

In order all answered :)

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He throw the winning touchdown.

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They are exploited to the tune in almost 15 million. The riches they create and are not given the education they are promised.

Ohio state football players received free tattoos and exchange for memorabilia. The players were suspended and had to repay the cash as well as the value of the tattoos. Unpaid athletes were fined by a billion-dollar organization that's gets paid by sponsors to decorate the athletes in corporate logos.

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7 0
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