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?
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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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