QUESTION 9 of 10:You are planning to finance your start-up with a bank loan of 400,000 and equal contributions of 50,000 each in cash from a group of partners. You need 1.2M for the start-up. How many partners, including yourself, do you need to recruit? a) 13 b) 14 c) 15 d) 16

Question

QUESTION 9 of 10:You are planning to finance your start-up with a bank loan of 400,000 and equal contributions of 50,000 each in cash from a group of partners. You need 1.2M for the start-up. How many partners, including yourself, do you need to recruit? a) 13 b) 14 c) 15 d) 16

Answer 1

To solve this problem, we need to calculate the total amount of money needed for the start-up and then determine how many partners are required to contribute the remaining amount.Given information:- Bank loan:

50,000 each- Total amount needed for the start-up:

1,200,000 -

800,000Step 2: Calculate the number of partners needed to contribute the remaining amount.Number of partners = Remaining amount / Contribution per partnerNumber of partners =

50,000 = 16Therefore, the correct answer is:d) 16

Problemas

QUESTION 9 of 10:You are planning to finance your start-up with a bank loan of 400,000 and equal contributions of 50,000 each in cash from a group of partners. You need 1.2M for the start-up. How many partners, including yourself, do you need to recruit? a) 13 b) 14 c) 15 d) 16

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