Answer:
Total interest = 1239.12
Explanation:
Assume;
Loan amount = P
Annual payment = X
P[1st payment] = X/[1+0475]⁸
P[1st payment] = X/[1.0475]⁸
P[5th payment] = X/[1+0.0475]⁴
P[5th payment] = X/[1.0475]⁴
P[5th payment] = 699.68
So,
X = 699.68[1.0475]⁴
X = 842.39
P = (842.39/0.0475)(1 – 1/1.0475⁸)
P = 5,500 (Approx)
Total interest = [842.39 x 8] - 5,500
Total interest = 1239.12
Answer:
The total amount of paid-in capital in excess of par is: $5,000.
Explanation:
When Common Stocks are classified as par value Stocks, any price paid in excess of the par value of the Stock is accounted for in the Share Premium account.
<u>Here is the Summary of the Transaction provided.</u>
Common Stocks : 260 shares × $100 = $26,000
Paid-in capital in excess of par : $31,000 - $26,000 = $5,000
Answer:
Six miles by six miles
Explanation:
Survey township, seldom known as Congressional township, essentially been utilized by the US Public Land Survey System, which is nominally by the U.S. review it was been approximately estimated that it is "six miles by six miles" aside. The precincts are referenced by a valuation method that determines the township in association to a chief meridian (north-south) furthermore, the baseline (east-west). The estimated dimensions of a township in the rectangular review system are six miles by six miles.
Answer:
$104,318.10
Explanation:
For computing the putting amount now i.e present value we have to applied the present value formula i.e to be shown in the attachment below:
Given that,
Future value = $580,000
Rate of interest = 10%
NPER = 18 years
PMT = $0
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $104,318.10
Answer:
Acculturation.
Explanation:
Acculturation is basically the process of adjusting to a new social, psychological and cultural change. It is simply the transfer of values and custom from one place to another.
