This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Nico establishes a seven-year, 8 percent loan with a bank requiring annual end-of-year payments of ... (Read 181 times)

jparksx

  • Hero Member
  • *****
  • Posts: 570
on: Jul 10, 2018
Nico establishes a seven-year, 8 percent loan with a bank requiring annual end-of-year payments of 960.43. Calculate the original principal amount.
 
  What will be an ideal response?

Question 2

Which of the following is true of sole proprietorships and corporations?
 
  A) It is difficult to transfer ownership of corporations compared to that of sole proprietorships.
  B) Income from both forms of organizations are taxed only at the corporate level.
  C) Both sole proprietorships and corporations are equally scrutinized and regulated by government bodies.
  D) In sole proprietorships, owners have unlimited liability; whereas, in corporations, owners have limited liability.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jul 10, 2018
Answer to Question 1

PVA = (960.43/0.08)1-(1/(1.08)7) = 5,000

Answer to Question 2

D


jparksx

  • Member
  • Posts: 570
Reply 2 on: Jul 10, 2018
Gracias!

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Outcome of myocardial infarction. Forty percent of 1-week survivors have late complications ... Outcome of myocardial infarction. Forty percent of 1-week survivors have late complications ...
Preoperative photograph of a 43-year-old Caucasian male with necrotizing fasciitis on the day of ... Preoperative photograph of a 43-year-old Caucasian male with necrotizing fasciitis on the day of ...
How to solve any percent change problem How to solve any percent change problem
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
Approximately 40 percent of farmers in the United States are 55 years old or older Approximately 40 percent of farmers in the United States are 55 years old or older
The amino acid lysine has the percent composition 49.3% C, 9.59% H, 19.2% N, and The amino acid lysine has the percent composition 49.3% C, 9.59% H, 19.2% N, and
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library