You have to make a balloon payment on your house five years from now of $15,000. If money
can earn an average of 6 percent a year for the five-year period, how much interest will you earn
on your deposit in five years?
A) $3,791.13 B) $3,807.00 C) $5,073.00 D) $5,101.50
A
Business
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Which characteristic is not possessed by intangible assets?
a. Physical existence. b. Short-lived. c. Result in future benefits. d. Expensed over current and/or future years.
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The remedy in which a person is ordered to cease and desist from an activity is known as
A. reformation. B. specific performance. C. injunction. D. none of these.
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