# math

posted by .

in new jersey compounding interest is prohibited.so whatwould be owed in the case of the business partner giving his co-partner a 15000 mortgage at 12%interest and no payments were made in 17 years.

• math -

look at MathMate's last reply , where he corrected my typo.

http://www.jiskha.com/display.cgi?id=1291082697

• math -

simple inteest for a loan with \$500 prinical, 10% annual rate and a 2-year time period

• math -

## Similar Questions

In each of following situtations. is there any violation of fiduciary relationship by a partner. In each case, indicate whether it would make difference if the partnership was informed of and/or approved the transaction. 1. Partner …
2. ### Engineering Economy

A realtor sold a house on August 31, 1997 for \$150k to a buyer in which a 20% down payment was made. The buyer took a 15yr mortgage on the property with an effective interest rate of 8% per annum. The buyer intends to pay off the mortgage …

two partners in a business. one partner mortgaged business property to his co-partner for \$15,000.00 at 12% a year interest. no payments were ever made for 17 years. how much is owed?
4. ### math

yhank you very much for solving the question i asked yesterday:the two parners in a business, one partner mortgaged business property to his co-partner for \$15,000 at 12% interest. no payments were ever made for 17 yearsyour answer …
5. ### tax

Which of the following interest expenses incurred by Amanda is treated as personal interest expense and, therefore, not deductible as an itemized deduction?
6. ### math

Ever wonder how much a house “actually” costs?
7. ### Finance

A mortgage broker is offering a \$225,000 30-year mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only a 2.5 percent APR interest rate. After the second year, the mortgage …