The compound interest is 8.775%.
interest = p.
p is principal, i is the interest rate, and n is the periods. Inthis case, p is 2 and the interest is .8. (We can divide both sides by a million to make it simpler.) The number of periods is 4.
.8 = (2)(i)(4)
.8 = 8i
i = 10%. (solution)
Compound interest, again, is
interest = p [(1+r)^m - 1]
This time we can't cancel out the p by default. We must divide by 2if we want to avoid multiplying through. After doing so, we add 1to both sides.
1.4 = (1+r)^4
Log both sides.
log(1.4) = 4log(1+r)
log(1.4) / 4 = .0365 = log(1+r)
10^.0365 = 1 + r
1.08775 - 1 = r
r = 8.775%.
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Answer:
Explanation:
The journal entry is shown below:
Assets A/c Dr $530,000
Goodwill A/c Dr $40,000
To Liabilities A/c $20,000
To Cash A/c $550,000
(Being the purchase is recorded and the remaining amount would be debited to the goodwill account)
The goodwill amount is computed below:
= Liabilities + cash paid - fair market value of the tangible assets
= $20,000 + $550,000 - $530,000
= $570,000 - $530,000
= $40,000
Answer:
Explanation:
This is one of those questions where all the choices are true. I guess the trick is picking the best one.
A: is true, but you pay a great deal more than the benefit of tax relief.
B: is also true. The Great Courses offers many courses in the field that you intend to study. But you get what you pay for. Who will recognize the good education that you got? An even better possible answer is night school, but that takes a tremendous amount of dedication.
C: I think I'd pick C. This is a business question. You have to decide what the best benefit is.
D: You can get grants which will lessen the burden, but it won't eliminate it entirely, I still think C is the best answer.
Answer:
thank you
Explanation:
Are we supposed to apply for those courses
