Interest
Interest is the monetary charge for borrowing money—generally expressed as a percentage, such as an annual percentage rate (APR). Key factors affecting interest rates include inflation rate, length of time the money is borrowed, liquidity, and risk of default. Interest can also express ownership in a company.
Answer: $51,920
Explanation:
For a building that was constructed before 1936, the rehabilitation credit is 20% of the amount that the taxpayer spent to rehabilitate the historic building. As this building was constructed in 1935, Emily qualifies for that 20% credit:
= 20% * 259,600
= $51,920
Answer:
Mutual assent.
Explanation:
Since Linda is not yet 18 years old her parents should give assent on the contract of sales trainee.
Answer:
Coupon= $27.5
Explanation:
Giving the following information:
Face value= $1,000
Coupon= semiannual payments
Coupon rate= 0.055/2= 0.0275
<u>To calculate the semiannual payment, we need to use the following formula:</u>
Coupon= face value*coupon rate
Coupon= 1,000*0.0275
Coupon= $27.5