Answer:
The highest affordable APR is 7.192%.
Explanation:
A person wants to borrow $93,000 from local bank to buy a new sailboat.
The maximum affordable monthly payment or EMI is $1,850.
The loan period is 60 months.
Suppose, monthly interest rate = r
93000 = 
At r =.6 %
Present value of loan repayment = $92984.94
At r=.5%
Present value of loan repayment = $95692.29
Through the method of interpolation,
r= .5% + ((95692.29 - 93000)/( 95692.29 - 92984.94))*(.6% - .5%)
r=.5994%
Annual interest Rate
= .5994%*12
= 7.192%.
Answer:
C. Sale of goods on credit
Explanation:
The current liabilities refer to the financial obligations that a company has to pay within one year and it includes accounts payable, short term debt and wages payable. According to this, the answer is that the option that does not affect the current liabilities section of the balance sheet is sale of goods on credit.
Answer:
$1,140,000
Explanation:
A grantor retained annuity trust (GRAT) is used to lower taxes on financial gifts. After a certain time (it is not specified in the question) Paula's sons will receive the money left in the GRAT tax free.
To calculate Paula's taxable gift we have the total GRAT value minus the value of the annuity she retained for herself:
$2,000,000 - $860,000 = $1,140,000
Answer:
b. Juanita works as a marriage counselor and her clients pay her on a per-hour basis for her services.
Explanation:
Factor of production ,capital can be the money that companies use to buy resources, as well as the physical assets companies use when producing goods or services, such as factories and machinery. Capital is an important factor of production because it's what allows labor and land to be purchased
Answer:
A
Explanation:
is the answer I think because it is the nearest or I don't know because I am in kindergarten