Answer:
It will extend the loan for 15.83 months = 16 more months.
Explanation:
We need to calcualte the difference in time between one option and another:
Original Loan:
C $310.00
time n
rate 0.0064583 (0.0775annual rate / 12 month per year)
PV $9,800
We rearrenge and solve as much as we can:
Now, we solve using logarithmics properties:
35.47385568
Now we calcualte with the new terms:
C $225.00
51.30909653
Last step, we solve for the difference:
51.30 - 35.47 = 15.83 = 16 more months
Answer: Joint Venture
Explanation:
Joint Venture is a form of business whereby two parties will have to come together and utilize their resources and put their skills together as well in order to achieve a common goal.
Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expressway in Florida. The contract was for a period of five years and both companies were equally liable under their agreement. This is a form of joint venture.
Answer:
a) 41.38%
b) 29.26%
c) 70.73%
Explanation:
We should check agsint whom is the comparrison to deteminate the base.
If we compare "than Portland's" this means portland is the year base.
a) Seattle / Portland
410,000 / 290,000 - 1 = 41.3793 = 41.38%
b) 1 - Portland / Seattle = 1 - 290,000/410,000 = 29.26%
c) Portland / Seattle = 290,000 / 410,000 = 70.7317%
The Titanic could stay afloat with four of its 16 watertight compartments flooded, more than anyone could imagine on a ship of its size. As the ice bumped along its starboard side, it punched holes in the ship's steel plates, flooding six compartments. In a little over two hours, the Titanic filled with water and sank Sep 25, 2008
