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Gala2k [10]
2 years ago
6

Jeffries & Sons is borrowing $95,000 for four years at an APR of 7.05 percent. The principal is to be repaid in equal annual

payments over the life of the loan with interest paid annually. Payments will be made at the end of each year. What is the total payment due for Year 3 of this loan?A) $28,224.90B) $27,098.75C) $25,424.38D) $30,447.50E) $28,773.13
Business
1 answer:
kati45 [8]2 years ago
8 0

Answer:

correct option is B) $27,098.75

Explanation:

given data

borrowing =  $95,000

APR = 7.05 percent

to find out

total payment due for Year 3

solution

we will apply here formula for total payment due for Year 3  that is express as

total payment due for Year 3   = \frac{principal}{4} + \frac{principal}{4*2*rate}     .............1

put here value

total payment due for Year 3   = \frac{95000}{4} + \frac{95000}{4*2*0.0705}  

total payment due for Year 3   = $27098.75

so correct option is B) $27,098.75

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Ben bought a local artist's painting for $2,100. Several years later. Ben sold it for $2,700. The year Ben sold the painting. He
slega [8]
The correct answer is C: 28%

to solve you have to subtract the amount of change, so 2700-2100= 600
then you take 600 divide by the original number which is 2100. so your equation is change divided by original, or in this case 600/2100, when you divide the equation you get an answer of 0.28, you then have to move the decimal 2 places to the right, to get an answer of 28%

hope this helped! :)
4 0
3 years ago
Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to
yaroslaw [1]

Answer:

False

Explanation:

  • Dual taxable is a tax concept that refers to taxes on income taxed twice from the same.
  • It can arise if income is earned mostly at the personal and corporate rates. For international commerce or spending double taxation often happens when the same income is taxed for two various countries.
  • Dual taxation is a condition that concerns every company when the corporate and personal profits are taxed.
  • The business will pay corporate income tax before any gains are available to investors.
7 0
3 years ago
Shawn went to a restaurant where the beer was mediocre and the place was run-down. The restaurant was out of many of its more po
uranmaximum [27]

Answer:

c. social surroundings

Explanation:

According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question Shawn's first experience was likely influenced by his social surroundings. This term refers to the social aspect of your environment such as friends, family, employees, and strangers. Seeing since Shawn's first experience is remembered fondly strictly because of the girl he had dinner with on that day, then we can say that this factor is part of his social surrounding.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Burger King licenses its brand name to foreign firms as long as they agree to run their restaurants on exactly the same lines as
nydimaria [60]

Answer: Franchising.

Explanation:

As described in the question Burger King is taking part in franchising where it's company name and some key business information is shared with foreign companies and those company pay a little part of their profit to Burger King in return. Franchising is a business process which occurs when, a very successful/ well known business gives another business the right to use their business name and the known business gets paid a regular percentage of profit in return.

7 0
3 years ago
When other things remain equal, buyers are expected to stock up from the normal product that they expect its market price to dec
statuscvo [17]

Answer:b) false

Explanation:

They would not want to stock up on something that the market price will decline significantly on, they would do the opposite

7 0
3 years ago
Read 2 more answers
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