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dmitriy555 [2]
3 years ago
10

You just received a loan offer from friendly loans. the company is offering you $5,000 at 9.3 percent interest. the monthly paym

ent is only $100. if you accept this offer, how long will it take you to pay off the loan? 5.84 years 5.29 years 6.80 years 6.33 years 7.59 years
Business
1 answer:
lisabon 2012 [21]3 years ago
4 0
EMI= (P*R*(1+R)^N)/((1+R)N-1)

<span>P= Loan amount= 5000<span>Rate=9.3%= 9.3/12 = .775%  = .00775<span>Time= xEMI= 100 <span>EMI= (P*R*(1+R)^N)/((1+R)N-1)<span>100 = 5000*.00775(1.00775)x / 1.00775x-1</span>N= 63.5 months= 5.29 years</span></span></span></span>
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Explanation:

The flood will lead to the destruction of the resources in the country.This will result in the shifting of the PPC curve leftward in the economy.

Earlier PPC is represented by PP curve.After the floods and destruction of resources,the curve shifts to P1P1.It is due to the availability of the number of possible combinations which decreases with the destruction of resources.

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3 years ago
A salesperson shows his broker an offer for one of his listings that has a good faith deposit in the form of a promissory note.
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Answer:

The seller must be informed when the offer is presented that the depositis a promissory note

Explanation:

A good faith deposit is one that is done by a buyer in which conditions are stated that could result in the loss of deposit by the buyer.

It is a deposit made by the buyer to show he intends to complete the payment later.

In this instance if there is a Goodwill deposit in form of a promissory note, the broker needs to be aware.

So that when he is bringing in a client he will consider the already existing deposit.

Deals that offer more deposit or full payment will be considered and the original buyer discarded.

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3 years ago
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neonofarm [45]

Answer: Floating exchange rate                

             

Explanation: The floating exchange rate is a mechanism under which a country's exchange prices are set by the supply and demand-based foreign exchange market compared to other currencies. It compares with a fixed exchange rate, wherein the government decides the rate completely or mainly.

Floating currency regimes mean that lengthy-term currency price movements represent relative economic power and country-to-country rate of interest differences.

A currency that is too high or low may have a negative impact on the country's economy, impacting trade and debt-paying efficiency. The state or banking system would try to take action to bring their currencies towards a more desirable level.

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3 years ago
When the market rate is 8%, a company issues $50,000 of 9%, 10-year bonds dated January 1, 2017, that mature on December 31, 202
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Each tenant was given an equal share.

The conveyance deed was completed on a specific date passing all the land fairly to all tenants.

The Hera, Aphrodite, Athena and Ares also bear the title of Mutual Tenancy as Zeus transmitted Mount Olympus to them.

Therefore the correct option is Joint Tenancy and the same is to be considered

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3 years ago
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