What is the loans eff and monthly loan payment
You want to buy a car and a local bank will lend you $20,000. The loan would be fully amortized over 5 yrs (60 months) and the nominal interest rate would be 12%, with interest paid monthly. What is the monthly loan payment? What is the loans EFF%?
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In this assignment, you will consider how the United States and international laws can impact business.
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A national beauty salon chain wants to estimate the number of times per year a woman has her hair done at a beauty salon if she uses one at least once a year.
The nominal interest rate would be 12%, with interest paid monthly. What is the monthly loan payment? What is the loans EFF%?
The terms of the loan call for daily payments of $ 97. The first payment is due today. The interest rate is 29 percent, compounded daily. What is the time period of this loan? Assume a 365 day year.
Sales of $2,000,000, and had 100,000 shares of common stock outstanding. The company announced a dividend of $ 1 per share. Therefore, the company's dividend payout ratio is?
BK Consulting is a management consulting firm. Other than the senior leadership (who manage the firm, but do not actively consult), the managers and staff are billed to clients on an hourly basis.
Construct an example of a transaction between two parties. Identify what accounts are affected and how changes in those accounts impact the accounting equation.
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