Zola borrows $1000. to repay the amount, she makes 12 equal monthly payments of $95. compounding is done monthly. determine nominal interest rate. hint use the excel formula rate to find the monthly effective interest rate. then convert that to the nominal rate. remember nominal interest does not account for sub-period compounding. (ex: effect monthly interest is 3%, the nominal rate is 3*12 = 36%) 14% 21% 2% 24%

The capital balances, prior to the liquidation of the benjamin, gaynor, megan partnership, were as follows: benjamin, capital $100,000gaynor, capital $120,000megan, capital $175,000benjamin, gaynor, and megan share profits and losses in the ratio of 25%, 40%, 35%. as a result of a loan, the partnership owes gaynor $80,000. using the information above, which partner has the highest loss absorption power (lap) prior to liquidation? a. gaynorb. meganc. benjamind. both gaynor and megan have the same lap