subject
Business, 26.06.2019 03:50 moranmar2283

James wants to take out a loan. he can afford to make monthly payments of 200 dollars and wants to pay the loan off after exactly 20 years. what is the maximum amount that james can afford to borrow if the bank charges interest at an annual rate of 6 percent, compounded monthly

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 23:30
The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo
Answers: 3
question
Business, 22.06.2019 13:40
Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?
Answers: 1
question
Business, 22.06.2019 16:00
In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.
Answers: 1
question
Business, 22.06.2019 19:20
After jeff bezos read about how the internet was growing by 2,000 percent a month, he set out to use the internet as a new distribution channel and founded amazon, which is now the world's largest online retailer. this is clearly an example of a(n)a. firm that uses closed innovation. b. entrepreneur who commercialized invention into an innovation. c. business that entered the industry during its maturity stage. d. exception to the long tail business model
Answers: 1
You know the right answer?
James wants to take out a loan. he can afford to make monthly payments of 200 dollars and wants to p...
Questions
question
Computers and Technology, 29.04.2021 06:20
question
Mathematics, 29.04.2021 06:20
question
Mathematics, 29.04.2021 06:20
question
Mathematics, 29.04.2021 06:20
question
Mathematics, 29.04.2021 06:20
question
Mathematics, 29.04.2021 06:20
question
Mathematics, 29.04.2021 06:20