2 years ago

5 Disadvantage of sole proprietorship?

1 answer:

3 0

You are personally liable for all debts of the company, you can’t use business write offs, it’s harder to get a business loan, self employment taxes, raising capital is difficult, business continuity dies with its owner.

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John House has taken a 20-year, $250,000 mortgage on his house at an interest rate of 6 percent per year. What is the remaining

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$211,689. 53

Explanation:

Calculation to determine the remaining balance (or value) of the mortgage after the payment of the fifth annual installment

Step 1 is to compute PMT using Financial calculator

I = 6%

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Now let determine the PV using Financial calculator

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PV = $211,689. 53

Therefore the remaining balance (or value) of the mortgage after the payment of the fifth annual installment is $211,689. 53

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