Accounting adds and subtracts numbers billing etc.
Bookkeeping just organizes and stores imformation.
Answer:
6.93 years
Explanation:
For computing the number of years we use the NPER formula i.e to be shown in the attachment
Given that
Present value = $8,000
Future value = $0
Rate of interest = 9%
PMT = $1,600
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the number of years is 6.93 years
Answer:
yes portion of your health insurance is paid by your employer
That statement is true
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