Working Capital loan amount = $81,000
Rate = 5%
Tenure = 180 days
Interest charged by Bank = (Principal X Rate X Tenure / 365)
= (81000 X 5% X 180/365) = (4050 X 180/365) = 1997
Hence, the amount received on availing the working capital loan = Principal amount - Interest paid = 81000 - 1997 = $79,003
Advantage Tennis Coaching in Brisbane offers coaching for junior, elite and mature tennis players. Nicholas Cash,...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...