At the end of its first year of operations, Berganstein Sportswear had current assets of $13,000, fixed assets of $25,000, current liabilities of $7,000, and long-term liabilities of $14,000. What is the amount of owner's equity?

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Step-by-step explanation:

it will be 59,000 because i add it all up

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answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.