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Damm [24]
3 years ago
7

Shawn Bixby borrowed $39,000 on a 150-day, 9% note. After 80 days, Shawn paid $4,200 on the note. On day 113, Shawn paid an addi

tional $6,200. Use ordinary interest. a. Determine the total interest use the U.S. Rule. (Do not round intermediate calculations. Round your answer to the nearest cent.)
Business
1 answer:
shutvik [7]3 years ago
4 0

Answer:

1,073.54 total interest

Explanation:

39,000 x 9% x 80days/360 = 780 interest expense

Payment 4,200 - 780 = 3,420 deducted form the note:

39,000 - 3,420 = 35,580

35,580 x 9% x 33/360 = 293.54 interest expense

6,200 - 293.54 = 5,906.47 deduced form the note

35,580 - 5,906.47 = 29,673,53

293.54 interest expense

780 interest expense

1,073.54 total interest

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Explanation:

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Therefore, it would be considered as the internal cost that you pay due to your roommate.

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2 years ago
‘An enterprise may capture value through either innovation leadership or innovation followership'. Discuss this statement with t
Gala2k [10]

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An example of innovation leadership and followers of innovation is the case of entrepreneur Jeff Bezos, founder of Amazon, a pioneer in internet sales. It can be said that through the innovative vision that Jeff Bezos has, he managed to found a company that sold books online in 1994, a time when the internet was not so widespread and few people had access. Therefore, Bezos, through leadership in innovation, transformed his company into an empire with several different businesses, always following technological changes and people's behaviors, to always follow market innovations and keeping his company always competitive, being a world technology giant.

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Stolb23 [73]

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