Answer:
<em>Since amortization means the period repayment of a loan, with a specific amount going to the principal and interest payments, the amortization schedule amounts to a total fixed monthly payment of $836.03 over the life of the mortgage loan.</em>
Explanation:
Answer:
$6,414.271
Explanation:
Principal ( Initial deposit) = $2,000
Interest rate = 6% annually = 6/100 = 0.06
Period (Time ) = 20 years.
Number of times it earned (n) = annually (yearly)
Formula to be used =
A = P( 1 + r/n)^nt
A = $2,000( 1 + 0.06/1) ^ 1×20
A = $2,000(1.06) ^20
A = $6,414.271
The total amount on investment in 20 years = $6,414.271
Answer:
The maximum business interest deduction that George will be eligible to claim this year is $522,000
Explanation:
For computing the maximum business interest deduction, first, we have to compute the adjusted taxable income. So, the computation of adjusted taxable income is shown below:
= Allocable taxable income + business interest + depreciation amount
= $1,250,000 + $240,000 + $250,000
= $1,740,000
Now the business interest deduction is 30% of adjusted taxable income
So, the maximum business interest deduction would be
= Adjusted taxable income × deduction rate
= $1,740,000 × 30%
= $522,000
Answer:
multiplicado todas la cantidades y ese es el resultado
