Agents of corporate owners are themselves owners of the firm and ...

[Lobcity]

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?

[Joy Chen]

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]

Thank you

[Joy Chen]

No problemo