Answer:
3.75 years.
Explanation:
So, we are given the following data or parameters in the question above as:
=> The amount the company is offering = $8,000 at 6.25 percent interest.
=> ". The monthly payment is only $200. "
Therefore, rate = rate per period = 0.00520833333333333 + from 0.0625/12).
The Number of payment period = N = 45.0.
N(6.25 %/12,200, - 8000.
45/12 = 3.75 years.
Hence, it will take a period of 3.75 years for me to pay up the loan.
Answer:
the correct answer is interest, loans
Explanation:
The Correct Answer is
Sociological
Explanation:
It plays a significant role in administering society. It concentrates on resolving the those problems which are pre-existing in society and did not change with the changing time.
This is accomplished by starting the legal measures to set up peace within society.
Its purpose is in taking important and quick action rather than begging the law.
Answer:
$136,500 long term capital gain
Explanation:
First of all, we must adjust SOA's cash since it has to pay taxes for the $90,000 gain. Its marginal tax rate was 30%, which means it must pay $27,000 in taxes (= $90,000 x 30%). So SOA's cash account will decrease to $173,000.
The total value of SOA's assets is $473,000 ($500,000 - taxes) which includes:
- cash: $173,000
- inventory: $80,000
- land and building: $220,000
When the assets are liquidated, the proceeds should be equally divided between Kevin and Bob, so each will get $236,500. Since Kevin's basis is $100,000, he should report a $136,500 long term capital gain (= $236,500 - $100,000).
Answer:
The advantage over buying the house over renting the apartment is that, you would own the house instead of just renting it. If you own the house, and the mortgage covers everything including repairs if you buy the house while if you need a repair in a rented apartment it would probably cost a fortune. Living in an apartment means that if the owner decides they want to rent the house or sell the house, that you will have to move (or pay for a mortgage which you might as well buy the house that's bigger than buy the apartment.)
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