Terms of a 7,000 loan are as follows: 60 equal monthly payments starting at the end of the first month, 8% nominal interest rate convertible monthly An alternative is offered: Monthly payments calculated as above. First payment not due until the end of the fifth month. An extra payment made at the end of the 60th month for the balance of the loan. Determine the amount of the extra payment in the alternative payment scheme.

Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund

Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.

Donna and gary are involved in an automobile accident. gary initiates a lawsuit against donna by filing a complaint. if donna files a motion to dismiss, she is asserting that