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 175 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
:D TYSM

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

For linked genes, recombinant frequencies are less than 50 percent For linked genes, recombinant frequencies are less than 50 percent
Annual Water Use in the United States Annual Water Use in the United States
How to solve any percent concentration problem How to solve any percent concentration problem
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
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
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: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library