Assume you have taken out a balloon mortgage loan for $2,500,000 paid monthly to finance the purchase of a commercial property. the loan has a term of 5 years but amortizes over 25 years. calculate the balloon payment at maturity (year 5) if the interest rate on this loan is 4.5%. use excel (also posting the formula screen shot) for analysis and show all steps.

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

Why is efficiency an important economic goal?