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Anon25 [30]
2 years ago
6

Emma deposited $500 in a savings account at her bank. Her account will earn an annual simple interest rate of 9%. If she makes n

o additional deposits or withdrawals, how much money will she have in her account in 11 years
Business
1 answer:
saveliy_v [14]2 years ago
7 0

$995.00 she will have in her account in 11 years

Future Value = Present Value + Present Value * Interest Rate * Time Period

Future Value = $500 + $500 * 0.09 * 11

Future Value = $995.00

Simple interest is a quick and easy way to calculate interest on a loan. Simple interest is calculated by multiplying the daily interest rate by the principal and multiplying by the number of days elapsed between payments.

Simple Interest (SI) is a method of calculating the amount of interest on a particular principal at a particular interest rate. For example, when a person takes out an Rs loan. At a rate of 5000, 10 p.a. for 2 years, the interest for a person for 2 years is SI. To the borrowed money.

Learn more about simple interest here:brainly.com/question/25793394

#SPJ4

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The Elmo Company purchased equipment on January 1, Year 1 at a cost of $26,000. The equipment was estimated to last for 8 years
Grace [21]

Answer:

The Elmo Company

a. The amount of the depreciation expense recorded in year 1 = $3,000

b. The amount of the depreciation expense recorded in year 6 = $1,500

Explanation:

a) Data and Calculations:

Cost of equipment on January 1, Year 1 = $26,000

Estimated useful life = 8 years

Salvage value = $2,000

Depreciable amount = $24,000 ($26,000 - 2,000)

Annual depreciation expense = $3,000 ($24,000/8)

Accumulated depreciation after 5 years = $15,000 ($3,000 * 5)

Net book value after 5 years = $11,000

Sixth year appraisals:

Remaining useful life = 6 years

Salvage value = unchanged at $2,000

Depreciable value = $9,000 ($11,000 - 2,000)

Annual depreciation expense = $1,500 ($9,000/6)

3 0
2 years ago
Sometimes it is better to leave a task and come back later if you do not feel like doing it at the time
Allushta [10]
Yes i definitely agree
3 0
3 years ago
The town of Chester has an economy composed entirely of two equally sized food companies. Both company Q and company R produce p
ExtremeBDS [4]

Answer:

C) abandon the production of jam to fully specialize in the production of peanut butter and then trade with Company Q for jam.

Explanation:

According to different theories about trade specialization, a company or even a country should specialize in producing only those products that they can make better than their competition, i.e. have a comparative or absolute advantage in their production.  

In this case, since Company R has a comparative advantage in the production of peanut butter, it should specialize in producing only that. In case they need jam, they should trade with Company Q in order to get some jam. Eventually Company Q  will only produce jam since they have a comparative advantage in jam production.

8 0
3 years ago
A stock has an average expected return of 10.8 percent for the next year. The beta of the stock is 1.22. The T-Bill rate is 5% a
uranmaximum [27]

Answer: 4.7%

Explanation:

Expected return is calculated as:

= Risk free return + Beta ( Market risk premium)

10.8% = 5% + (1.22 × Market risk premium)

10.8% - 5% = 1.22market risk premium

5.8%/1.22 = market risk premium

Market risk premium = 0.058/1.22

Market risk premium = 0.047

Market risk premium = 4.7%

7 0
3 years ago
Other things the same, if the interest rate falls, then a. firms will want to borrow more, which increases the quantity of loana
Svet_ta [14]

Answer: (a).

Annexure: <u>Since a part of the information was found missing in the question, a similar question has been provided as an attachment for reference. </u>

If the interest rate falls with other things remaining constant, a firm would like to raise more money via debt instruments.

This will lead to an increase in the quantity of loanable funds demanded.

This would further lead to increase in the level of invested funds by the public as it would get cheaper for the corporates to avail loans.

7 0
3 years ago
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