Answer:
After 18.44 year loan will be paid
Explanation:
We have given an entrepreneur borrows $500,000 today.
So total amount is $500000
Annual payment is of $70000
Rate of interest r = 11.5 %
We have to find the time period
We know that total amount is given by
, here A is total amount , P is yearly paid amount, r is rate of interest and n is time period
So 
Taking log both side
n = 18.44 year
So after 18.44 year loan will be paid
Answer:
Interest revenue for the year 2019 = $688
Explanation:
Total cost of asset = $25,000
Interest Revenue to be earned = 11% for 12 months
Total interest revenue = $25,000 X 11% = $2750
In the year 2011 the asset is sold on 1 October therefore interest revenue for the year 2011 will be from 1 October to 31 December = 3 months = $2,750 X 
= $687.50
Interest revenue for the year 2019 = $688
<span>Summer lay-by and Christmas were two occasions in which slaves could look forward to for recreation and relaxation.</span>
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