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On January 1, Yumati Electric borrows $333,333 at an interest rate of 6% today and will repay this amount by making 16 semiannual payments beginning
On January 1, Yumati Electric borrows $333,333 at an interest rate of 6% today and will repay this amount by making 16 semiannual payments beginning May 31. What is the approximate amount of each payments that Yumati will need to make? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar) O A. $32,984 OB. $20,000 O C. $20,833 OD. $26,537 Can the terms net income and comprehensive income be used interchangeably? Explain. O A. No. Net income is a component of comprehensive income. Comprehensive income is the change in a company's accounts receivables during a period, resulting from transactions and other events. Comprehensive income includes net income and other transactions involving cash. O B. No. Net income is a component of comprehensive income. Comprehensive income is the change in a company's equity during a period, resulting from transactions and other events and circumstances from non-owner sources. Comprehensive income includes net income and other comprehensive income. O C. Yes. Net income and comprehensive income include the exact same items. Net income and comprehensive income are the change in a company's assets during a period, resulting from transactions OD. Yes. Net income and comprehensive income are typically the same thing. Comprehensive income is just another way of stating net income on the financial statements
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