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good and helpful lecture thanks!
Sir, I do not understand how you got $15244, canyou please explain
@nigs001, Have you actually watched the video?
The fair value is 17,500. A deposit is paid of 460. So the amount “borrowed” is 17,040, This is outstanding for one complete year and interest is accruing at 10%. So, at the end of the first year Sergijus owes capital of 17,040 plus interest of 1,704 ( a total of 18,744 ) And then he pays 3,500 and reduces the amount owing to 18,744 – 3,500 which equals ????
OK?
sir your reply made it much easier!
i enjoy and concerntrate more wen i see your face mike
@taftedmelody, TM, you and me alike! I have to concentrate when I see my face – it’s normally when I have a razor in my hand!
@MikeLittle, you are very funny sir either way im loving your lectures