Answer:
The correct answer is B.
Explanation:
Giving the following information:
How much would $100, growing at 5% per year, be worth after 75 years?
We need to use the following formula to calculate the final value.
FV= PV*(1+i)^n
FV= 100*(1+0.05)^75
FV= $3,883.27
Answer:
The total cost per year is $22,300.
Financial aid will cover $16,000 for each year of college with no need to repay.
She could use money from savings or parental contributions to pay the remaining $6,300 each year.
She could use a student loan to pay the remaining $6,300 each year.
Explanation:
The bank has an excess of $7,250,000. The total deposits maintained by the bank are $125 million. The reserves maintained by the bank are $26 million. The required reserve ratio is 15%.
Total deposits are 125,000,000.
The Required reserve ratio is 15%.
So in actuality, the bank had to maintain a reserve of $18,750,000.
It is maintained a total reserve of $ 26,000,000.
Excess reserve of $7,250,000.
The banks are required to maintain a particular percentage as reserve of the amount deposited with them. Deposit is that amount that the customers maintain with them. The banks make a profit by lending this deposit to other lenders. The bank has to keep an amount as reserve to see that they are able to pay back the customer their deposit amount if required by the customer.
Learn more about reserve and deposits of bank here:
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Answer: cash, earned consulting revenue
Explanation:
Lambert account for the cash gotten from clients through cash, earned consulting revenue. After several business has been done there would be an account of how payments where made, from this, records can be taken how cash where being payed through the records of transfers and payment.
Answer:
D.a, b and c
Explanation:
a. Giving or allowing a false impression b. Conflict of interest c. Personal decadence d. a, b and c
