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Business, 19.03.2020 03:04 Wisppah3474
1. The car dealer is offering a promotion on a new that the buyer pays zero interest over 72 months. The monthly payment is $350. The market interest rate for a 6-year car loan is 3.5%. What is the selling price of this car?
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Business, 22.06.2019 18:00, tifftiff22
On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?
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