Answer:
r = 0.080528395 = 8.05%
Winner's Prize at 2044: $ 15,215,114.02
Explanation:
Principal 160
Amount 1,610,000
time: 2015 - 1896 = 119
![160 \: (1+ r)^{119} = 1,610,000\\ r = \sqrt[119]{1,610,000 / 160} -1](https://tex.z-dn.net/?f=160%20%5C%3A%20%281%2B%20r%29%5E%7B119%7D%20%3D%201%2C610%2C000%5C%5C%20r%20%3D%20%5Csqrt%5B119%5D%7B1%2C610%2C000%20%2F%20160%7D%20-1%20)
r = 0.080528395
If the same rate for the winner's prize is being keep by 2044 the winner will get:
Principal 1,610,000.00
time 29.00 (2044 - 2015)
rate 0.08053
Amount 15,215,114.02
Answer:
Transaction a
Debit : Account Receivable $27,500
Credit : Sales Revenue $27,500
Transaction b
Debit : Cash $5,875
Credit : Deferred Revenue $5,875
Transaction c
Debit : Sales Revenue $1,500
Credit : Account Receivable $1,500
Transaction d
Debit : Deferred Revenue $5,875
Credit : Sales Revenue $5,525
Credit : Discount received $350
Explanation:
The journals have been prepared above.
Answer and Explanation:
A due on sale clause is simply a stipulation in the mortagage agreement that the
"borrower if he wants to sell the property to some other person, first of all he (borrower) shall repay the entire outstanding mortagage amount and then only it is possible to sell the property which is secured under Mortagage agreement.
Hence in essence, the borrower must repay before selling it to some other person which will result in paying the sale proceeds of house to the lender first and the Borrower again has to take loan sometimes from the same lender.
Hence it is imperative that the mortagage obligation cannot be transferred to any other person. That is any subsequent buyer cannot ASSUME the mortagage. Therefore due on sale
Clause prevents assuming of mortagages.
Answer:
Option D: Burr's belief that Hamilton had slandered him.
Explanation:
The duel stemmed from a history of animosity between both men over the years. The existing personal animosity and personal bitterness between both individuals came to a head in the run-up to the governorship election in New-York in 1804.
The Albany Registrar published a letter sent from Charles Cooper to senator Philip Schuyler which referenced a statement made by General Hamilton describing Colonel Burr as being a dangerous and despicable human being incapable of running a government.
The ensuing duel was as a result of this defamation.
