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Author Question: Agents of corporate owners are themselves owners of the firm and have been elected by all the ... (Read 185 times)

Lobcity

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on: Jul 10, 2018
Agents of corporate owners are themselves owners of the firm and have been elected by all the corporate owners to represent them in decision-making and management of the firm.
 
  Indicate whether the statement is true or false

Question 2

Marc has purchased a new car for 15,000. He paid 2,500 as down payment and he paid the balance by a loan from his hometown bank. The loan is to be paid on a monthly basis for two years charging 12 percent interest.
 
  How much are the monthly payments?


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Joy Chen

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Reply #1 on: Jul 10, 2018
Answer to Question 1

FALSE

Answer to Question 2

PV = 15,000 - 2,500 = 12,500, r = 12, n = 2, m = 12
Use financial calculator: PV=12500, I=1, n=24, FV=0, CPT PMT: 588.42


Lobcity

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Reply #2 on: Jul 10, 2018
Thank you


Joy Chen

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Reply #3 on: Jul 10, 2018
No problemo


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