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Question: A new company financed their office furniture through the furniture dealer from which he bought it. The dealer's terms allowed the company to defer payments (including interest) for six months and then to make 36 equal end-of month payments thereafter. The original note was for $12,000, with interest at 12% compounded monthly. After 26 monthly payments. The new company owners find the company in a financial bind and went to a loan company for assistance. The loan company offered to pay the debts in one lump sum provided that they will get paid $204 per month for the next 30 months.
a. Determine the original monthly payment made to the furniture store.
b. Determine the lump-sum payoff amount the loan company will make.
c. What monthly rate of interest is the loan company charging on this loan?
The capital structure of Ricketti Enterprises, Corporation, consists of ten million shares of common stock and 1 million warrants. Each warrant gives its owner the right to purchase one share of common stock for an exercise price of $15.
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With this type of response, you analyze or teach the sender about the cause of his or her concern.
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A particular customer lives 25 minutes from Collina's Italian Café. If the customer places a telephone order at 6:00 P.M., what is the probability that the customer can drive to the café, pick up the order, and return home by 7:00 P.M.?
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