On December​ 1, 2016, Gardner Products borrowed​ $92,000 on a​5%, 10-year note with annual installment payments of​ $9,200 plus interest due on December 1 of each subsequent year. Which of the following describes the first installment payment made on December​1, 2017? ​ (Round your answer to the nearest whole​ number.) A. ​$9,200 principal plus​ $460 interest
B. ​$4,600 interest only
C. ​$9,200 principal plus​ $9,200 interest
D. ​$9,200 principal plus​ $4,600 interest

Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.