Rush Corporation Borrowed $50,000 on January 1,2012

question 1

True/False

Rush Corporation borrowed $50,000 on January 1,2012.The loan is for a five-year period and has an annual interest rate of 8%.At the end of each year,Rush will make a payment of $12,522.82,which includes both principal and interest.The amount of the payment for 2010 that is reduction of principal is $8,502.82.

---

Definitions:

Locomotion

The ability of an organism to move from one place to another using various mechanisms such as walking, swimming, or flying.

Involuntary Control

The automatic regulation of bodily functions and processes that do not require conscious control, such as breathing and digestion.

Contractility

Refers to the ability of muscle tissue to contract or shorten, generating force.

Muscle Cell

Specialized cells that make up muscle tissue, capable of contracting and generating force, essential for movement and posture.