Answer:
The account balance after 4 years will be $2,420.
Explanation:
First we need to add Bob and Judy's amount to find the total amount that will be deposited. (1260+975)=2,235.
Now we will break up the annual interest into monthly interest because it will be compounded monthly. 2/12=0.166.
Then we will break up the 4 years into months also because the interest is compounded monthly. 4*12=48
Now we use the formula for compound interest
Final amount = Principal*(1+R)^N
Principal = 2,235
R= 0.166% or 0.00166
N= 48
We put these values into our formula
2,235*(1+0.00166)^48
=2,420
Answer:
4.87%
Explanation:
In this question , we are asked to calculate the appropriate after-tax cost of new debt for the firm to use in capital budgeting analysis.
PMT = 1000*7% = 70 (indicates the amount of interest payment)
Nper = 10 (indicates the period over which interest payments are made)
PV = 966 (indicates the present value)
FV = 1000 (indicates the future/face value)
Rate = ? (indicates the cost of debt)
After Tax Cost of Debt = Rate(Nper,PMT,PV,FV)*(1-Tax Rate) = Rate(10,70,-966,1000)*(1-.35) = 4.87%
I am pretty sure that it's d, the cost of your car if it's stolen because its a car insurance
Answer:
True
Explanation:
In record keeping using the filling method, it is done in-order to keep track of all the important documents and information regarding to the company. <em>This record keeping system could employ the manual method or writing with hand or the electronic method of storing such information using the computer or other electronic device.</em>
