Amortizing a loan P over n periods at i% interest / period, the payment per period is given by:
In given situation,
P=20000
period=month
i=10%/12
n=5*12=60 months
A. monthly payment amount
to the nearest cent
B. EAR (effective annual rate)
the APR is 10%, but compounded monthly.
So
EAR=(1+i/12)^12-1
=(1+0.1/12)^12-1
=0.104713
=10.4713% (effective annual rate)
I believe the correct answer is true. <span>For every decision you make, there is a trade-off. A decision is always accompanied by two choices. One of these choices is the better. Every choice has its own advantage and disadvantage so that a trade off will always be present. Hope this answers the question.</span>
Answer:
The correct Ending Balance = $ 390300
Explanation:
Ending Balance of inventory = $ 412500
Less Office Supplies = $22,200
The correct Ending Balance = $ 390300
Goods already cosigned are the consignor's inventory unless they are sold. They are not included in the consignee's inventory. So they will be included in the ending inventory.The office Supplies are not the inventory goods. They are daily expense goods and are not included in the inventory.
Answer:
This question is incomplete, the options are missing. The options are the following:
a) For consumer purposes
b) For commercial purposes
c) Usurious
d) An online contract
And the correct answer is the option C: Usurious.
Explanation:
To begin with, in the area of law, the term known as <em>"Usury" </em>is refer to the practice that focuses on making the lender richer in unethical ways so therefore that this practice is considered to be the one that makes inmoral monetary loans that try to affect the borrower in order to benefit the lender. One example of the use of this term could be the case in where the lender charges or try to charges a higher interest rate to the borrower than the one that is prohibited by law as a maximun rate.
Answer:
The profit motive
Explanation:
Although the <em>profit motive</em> is essential and common among all businesses that exist, it is by nature anti-competitive, meaning it is not a trait used to create substantial competitive advantage. It is a notion that will certainly not attract customers. However, it is always present (and most customers know that), but the profit motive will never be communicated through mrketing activities etc.
