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Helga [31]
3 years ago
12

Nancy and Joan bought a small farm for $300,000 under an installment land contract with a $50,000 down payment. They will pay in

terest only at 6% for five years when the remaining principal balance becomes due. How much interest will they pay over the life of the contract?
Business
1 answer:
KatRina [158]3 years ago
6 0

Answer:

75,000

Explanation:    

300,000-50,000 = 250000*6%*5

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A principal real estate broker is responsible to review and initial all documents written by his associated real estate brokers
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The variable costing unit product cost was <u>$69.</u>

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Kray Inc.

Calculation of Variable Costing Unit Product Cost

<u>Particulars                                                          Amount ($)     </u>

Direct materials                                                        40

Direct labor                                                               19

Variable manufacturing overhead                           8

Variable selling and administrative expense     <u>     2      </u>

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