$190,000 × .09 × 6/12 year = $8,550
<h3>What is an interest payment?</h3>
Interest is the fee you pay to borrow money or the fee you charge to lend money. Interest is often expressed as an annual percentage of the borrowed amount.
I = P * r * T is the formula that loan calculators employ in plain English. The principal amount multiplied by your interest rate multiplied by the number of years equals the amount of interest.
<h3>Why do we pay interest, exactly?</h3>
Thus, interest protects against potential inflationary hikes. A lender, like a bank, uses the interest to pay account fees as well. In exchange for being able to spend money immediately rather than having to wait years to save enough, borrowers must pay interest.
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Answer:
The correct answer is $37,250.
Explanation:
Under straight-line method, depreciation is an allocation of the cost of an asset over its estimated useful life and it is expressed with this formula: (cost - residual value) / No of years = ($151,000 - $2,000) / 4 years = $37,250 yearly depreciation expense.
So, second year depreciation expense remains $37,250.
Answer:
Present level of poverty
Sustainable development basically refers to the development in a strategic way where the needs of the present generation are met without compromising the ability of future generations to meet their own need. Therefore, sustainable development aims at sustaining the present level of resources and providing the present generation with a good quality life. So it does not refer to sustaining the present level of poverty.
Answer: Consultants
Explanation: They give their ideas and the company works according to that. If the company managers take decisions that suits them the employees and owners will adhere but the consultants might turn it down which affects the company immensely.
B - If Mike needs the quickest and simplest route, the free tutorial on the company website would be the way to go because they are the ones who created that specific software.