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AveGali [126]
3 years ago
5

Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in in

terest?
ASemi-Annual Compounding
BAnnual Compounding
CDaily Compounding
DMonthly Compounding
Business
1 answer:
garri49 [273]3 years ago
5 0
Unless the bankers are serious money moochers, the lowest interest (In Total Amount) will be:
C. Daily Compound
This is the most likely because the more time you take to pay your debt the more you have to pay in interest.
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RKI Instruments borrowed $4,300,000 from a private equity firm for expansion of its facility for manufacturing carbon monoxide m
timofeeve [1]

Answer:

21.51%

Explanation:

RKI instruments borrowed $4,300,000 from a private equity firm to expand its facility.

A year after the loan was repaid with a single payment of $5,225,000

Therefore the interest rate on the loan can be calculated as follows

= 5,225,000-4,300,000/4,300,000 × 100

= 925,000/4,300,000 × 100

= 0.2151 × 100

= 21.51%

Hence the interest rate of the loan is 21.51%

3 0
3 years ago
In a recent year hart corporation had net income of $125,000, interest expense of $30,000, and tax expense of $40,000. what was
makkiz [27]

Net income = $125,000

Interest expense = $30,000

Tax expense = $40,000

Interest times hart corporation earned for the year = ?

First add all the expenses and then divided by interest expense to get interest times.

= ($125,000 + $30,000 + $40,000) / $30,000

= $195,000 / $30,000

<span>= 6.5 </span>

4 0
2 years ago
Shear-it, Inc., produces paper shredders. Shear-it is considering a new shredder design for home offices. The marketing vice pre
irina [24]
I think the answer is A
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6 0
3 years ago
Oakland Tax Planning Service bought computer equipment for on January​ 1, 2018. It has an estimated useful life of four years an
sergejj [24]

Answer:

C. $4,500

Explanation:

The computation of the depreciation expense using the straight-line method is shown below:

= (Cost - residual value) ÷ Useful life of the asset  

= $24,000 ÷  48 months  

= $500  

Now for 9 months, it is

= $500 × 9 months

= $4,500

Hence, the depreciation expense is $4,500

Therefore the correct option is c. $4,500

4 0
3 years ago
What is the best reason for why someone would want to
Maksim231197 [3]

Answer:

A

Explanation:

Leasing a house is the other name for renting a house which is preferably far more better for a person or a family who is planning to live there for a short period of time. A lessor is a person who gives his property on rent to the lessee.  It is a way through which the person taking the house on rent is relieved from incurring cost on the repairs if required as the responsibility solely belongs to the owner of the house that is the lessor. People prefering leasing over buying a property is always ready to bear the increase in the costs of rent which is far more lesser than spending money or saving money for the down payment for buying a house. Moreover the person leasing the house only gets the ownership of the house under a contractual basis where they dont have the right to sell the property taken on lease.

8 0
3 years ago
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