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3 years ago

John borrowed $6,000,000 for a period of 15 years.is interest rate is 8%. How much interest will John pay in all?

Business

1 answer:

Reil [10]3 years ago

7 0

Based on the information given the amount of interest that John pay in all is his $7,200,000.

<h3>Interest:</h3>

Using this formula

Interest=Amount borrowed×Number of years×Interest rate

Where:

Amount borrowed=$6,000,000

Number of years=15 years

Interest rate=8%

Let plug in the formula

Interest=$6,000,000×15×8%

Interest=$7,200,000

Inconclusion the amount of interest that John pay in all is his $7,200,000.

Learn more about interest here:brainly.com/question/16134508

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The owners of a local business are making a rational decision about how many workers to hire. How many workers would cause the m

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<h2>10 workers would cause the marginal to exceed the marginal benefits.</h2>

Explanation:

Let us understand the term "Marginal benefits".
It is the additional amount that the consumer "willing to pay" for an additional goods or a service.
In terms of producers, the marginal benefit is termed as marginal revenue.
Here according to the situation given in the question as to how many workers to hire could be answered by the number 10.
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3 years ago

Match each trade organization or agreement with its description.

Dominik [7]

Answer:

1. World Trade Organization

2. North American Free Trade Agreement

3. The European Union

Explanation:

a. World Trade Organization (WTO): Oversees trade agreements among over 150 member nations and arbitrates trade disagreements among member countries. The world trade organization (WTO) is an intergovernmental organization that set rules, policies and regulates global trade across the world. It was established officially on the 1st of January, 1995.

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3 years ago

During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: a. Apr. 1 R

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Answer:

April 1

DR Treasury Stock $7,800

CR Cash $7,800

(To record purchase of Treasury Stock)

Working

Treasury Stock = 260 shares * $30

= $7,800

June 14

DR Cash $4,550

CR Treasury Stock $ 3,900

CR Additional Paid-in Capital $ 650

(To record sale of Treasury Stock)

Working

When the stock sold is higher or lower than the price it was purchased or issued for, it is credited or debited to the Additional Paid-in Capital account respectively.

As the price it was sold for here was higher than what it was purchased for, the balance is credited.

Cash = 130 shares * $35

= $4,550

Treasury Stock = 130 * $30 (original price)

= $3,900

Additional Paid-in Capital = 4,550 - 3,900

= $650

Sept 1.

DR Cash $3,000

DR Additional Paid-in Capital $600

CR Treasury Stock $3,600

(To record sale of Treasury Stock)

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Price stock was sold for is less than the amount it was purchased so the balance will be debited to the Additional Paid-in Capital account.

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