FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are finalizing a bank loan for $185,000 for your small business and the closing fees payable to the bank are 1.9% of the loan.

image text in transcribed

You are finalizing a bank loan for $185,000 for your small business and the closing fees payable to the bank are 1.9% of the loan. After paying the fees, what will be the net amount of funds from the loan available to your business? The net amount of funds from the loan available to your business is SI (Round to the nearest dollar.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance At The Threshold

Finance At The Threshold

Authors: Christopher Houghton Budd

1st Edition

0566092115, 978-0566092114

More Books

Students also viewed these Finance questions

Question

★★★★★
Business customs and national customs are closely interrelated. In which ways would one expect the two areas to coincide, and in which ways would they show differences? How could such areas of...

Answered: 1 week ago

Question

★★★★★
Suppose you are a strategist for a hedge fund. Your research indicates that the quality spread for BBB bonds and AAA bonds is 150 basis points in periods of economic slowdown and only 100 bp in...

Answered: 1 week ago

Question

★★★★★
The population y (in thousands) of Raleigh, North Carolina, from 2000 to 2014 can be approximated by the model y = 11.09t + 293.4, 0 ¤ t ¤ 14, where t represents the year, with t = 0...

Answered: 1 week ago

Question

★★★★★
With respect to life insurance, what additional flexibilities are provided by variable and universal life policies as compared to a standard whole life policy? Two of the main types of mutual fund...

Answered: 1 week ago

Question

★★★★★
Question 26 (1 point) A child is allowed to have 2 treats from a bag containing 21 chocolates, 11 hard candies, and 10 gummy candies. All three types of treats are in packages of similar size and...

Answered: 1 week ago

Question

★★★★★
This answer does not respond the questions. I do not have this value in the experiment. Please specify where in the experiment I have this value? I have the dynamometer which gives me the indicated...

Answered: 1 week ago

Question

★★★★★
A belt drive transmits 93.0 kW from the driver pulley to the driven pulley. If 4.2 kW is lost in belt friction, what is the efficiency of the belt drive expressed as a percentage

Answered: 1 week ago

Question

★★★★★
Consider the function f given by x2 if x 3 YA NW+S -5-4-3-2-1 - INTE M b) lim f(x) = x-3+ If a limit does not exist, state DNE. # 11 Find the value of each. a) lim f(x) = I-3- c)...

Answered: 1 week ago

Question

★★★★★
Intermediate Accounting Test 2 Date: 32. The following information has been provided by Meyers Company as of December 31, 20XX. Unearned rent Retained earnings (unrestricted) Common stock, $5 par...

Answered: 1 week ago

Question

★★★★★
Two large metal plates are held a distance d apart, one at potential zero, the other at potential Vo. A metal sphere of radius a (a

Answered: 1 week ago

Question

★★★★★
Collect sales messages in different formats (e.g., letter, flyer, brochure, postcard). Which are effective and which are ineffective? Explain why. (Objective 4)

Answered: 1 week ago

Question

★★★★★
Discuss three situations or messages in which someone tried to persuade you to do something. Analyze the strengths and weaknesses of these oral or written messages. (Objective 3)

Answered: 1 week ago

Question

★★★★★
Your instructor recently talked about the work she has been doing with a not-for-profit organization, Dress for Success. This group works with economically disadvantaged women and encourages...

Answered: 1 week ago

Previous Question Next Question