Question: Please answer both questions if you can!! I would really appreciate it You are finalizing a bank loan for $210,000 for your small business and

Please answer both questions if you can!! I would really appreciate it You are finalizing a bank loan for $210,000 for your small

Please answer both questions if you can!! I would really appreciate it

You are finalizing a bank loan for $210,000 for your small business and the closing fees payable to the bank are 1.6% 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 (Round to the nearest dollar.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

practice case i need help with. just need the 3 steps. Bookkeeping for a small business organization Case: Bob fix-it-all - August 2021 By Zihao (Emily) Xu Bob I just retired in his early 50's and...

Final Project 1 Computerized Accounting with Sage 50 Level 2 SI2O Copyright 2022 Project Code: SI1O v7-1 Project 1 Released: July 2012 Revised: November 24, 2022 Computerized Accounting with Sage 50...

Computerized Accounting with Sage 50 Level 2 Dermal Decor INTRODUCTION This project will test your understanding of the Sage 50 Accounting application and your ability to apply the features of this...

HI I need help to with my assessment. Anyone can help me? T-1.8.1 Details of Assessment Term and Year T2 2017 Time allowed Week 2, 3, 4, 5, 6, 7, 8 Assessment No 1 Assessment Weighting 60% Assessment...

Computerized Accounting with Sage 50 Level 1 Fairness Enterprise... Computerized Accounting with Sage 50 Level 1 Fairness Enterprise INTRODUCTION This project will test your understanding of the Sage...

Please help with this! Important information: please use $250,000.00 as the purchase price of the home REAL ESTATE INSTITUTE of CANADA L'INSTITUT CANADIEN de PIMMEUBLE REIC 2341: Property Risk...

REAL ESTATE INSTITUTE of CANADA L'INSTITUT CANADIEN de PIMMEUBLE REIC 2341: Property Risk Assessment, Credit and Electronic Underwriting INSTRUCTIONS FOR COMPLETION OF COURSE ASSIGNMENT DRAFT areport...

Central Investments bought 4,000 shares of Benet Company common stock on January 1, 20X1, for $20,000, and 4,000 shares of Roy Company common on July 1, 20X1, for $24,000. Benet declared dividends on...

The equation of circle Q is: (x+2)^(2)+(y+2)^(2)=100 Which point is on circle Q?

Rank the following four investments in increasing order of hi storical risk. Question 1 4 options: Art, T - bills, corporate bonds, and common stock T - bills, common stock, corporate bonds, art...

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...