Answer:
The actual monthly payment is $206.08, which is slightly higher than the value given in the question, therefore, the given statement is not true.
Step by Step Explanation:
We have been given the loan amount as $12,000, term of loan as 6 years and annual interest rate as 7.25%.
Let us first find the monthly payment for this data, and then we can compare it with the given data to answer the given question.
We know that EMI formula is given as 
Upon substituting the given values.
Therefore, the monthly payment is $206.08.
Answer:
187, 450.00
Explanation:
Cost of the asset : $ 200,000.00
Interest rate at 10 %
Payment per year = 32,550.00
First year total amount due = 10% plus asset cost
= ($200,000x 10/100)= 200,000
=$20,000+200 000
=$220,000.00
After deduction = $220,000- 32, 550
=$ 187, 450.00
Answer: ROI = 30
Percentage: 15%
Explanation:
ROI means Return of Investment. Is the amount i get from my investment.
The percentage is the amount I get divided by the initial investment.
Multiplied by 100 indicates the percentage.
30 / 200 = 0.15
0.15 x 100 = 15%
The statement"There are many account representatives who can help you with your order is an example of a cliche." is FALSE. This is further explained below.
<h3>What
are account representatives?</h3>
Generally, A professional who typically works on teams that are responsible for providing customer support and creating relationships is known as an Account Representative. They bring in revenue through establishing new customer connections and fostering those that are already in existence. They collaborate with clients on an as-needed basis throughout each step of the development process.
In conclusion, The convenience factor is one of the many benefits that listeners may get from podcasting as a form of advertising.
Read more about account representatives
brainly.com/question/27098701
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Explanation:
The Journal entry is shown below:-
a. Salary Expense Dr, $2,550
To salaries payable $2,550
(Being accrual of salary is recorded)
b. Income summary Dr, $324,750
To Salary expense $324,750
($322,200 + $2,550)
(Being closing of salary expense is recorded)
