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1 year ago

You deposit $300 in a bank account that earns 4ompound interest annually. what is the value of your $300 in 10 years?

1 answer:

5 0

You deposit $300 in a bank account that earns 4% compound interest annually. $444 is the value of your $300 in 10 years.

Compound interest happens whilst interest gets added to the primary amount invested or borrowed, after which the hobby rate applies to the new (large) principal. it's essential interest in the hobby, which over the years ended in the exponential boom.

Compound interest is while you upload the earned hobby lower back into your important stability, which then earns you even extra interest, compounding your returns. shall we say you have got $1,000 in a savings account that earns 5% in annual interest. In 12 months, you would earn $50, giving you a brand new balance of $1,050.

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Carla vista co. received proceeds of 5585020 on a 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of 530

Lapatulllka [165]

The carrying value of the bond is $489,560.

<h3>What is the carrying value of a bond?</h3>

A bond's carrying value is defined as its par value or face value plus any unamortized premiums or discounts, minus any unamortized discounts.

This is deducted because it is represented on the balance sheet, the carrying value is the difference between the par value and the premium or discount.

<u>Computation of Carrying value of Bond</u>:

According to the given information,

First, there is a need to calculate the premium amount, that amount is calculated as follows:

Premium Amount = Face value of Bond – Proceeds received

Premium Amount = $530,000 – $558,5020

Premium Amount = -$505,5020

Now, there is a need to finding the Annual amortization value, this can be found out by the following:

Annual amortization = Premium Amount/Time period

Annual amortization = -$505,5020/10

Annual amortization = -$505,502

Then, the carrying value of the bond will be:

Carrying value of bond = face value – unamortized discount

Carrying value of bond = $530,000- (-$505,502×8%)

Carrying value of bond = $489,560

Therefore, the carrying value of the bond is $489,560.

Learn more about the carrying value of bond, refer to:

brainly.com/question/14531473

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3 0

2 years ago

All but one of the following features characterizes desirable aspects of insurance arrangements.

prohojiy [21]

Answer:

The answer is: The insurer should be guaranteed positive economic profits.

Explanation:

The insurer (or insurance company) like any other company in the world, is not 100% sure they will make a profit from a business transaction.

For example, a person that takes a life insurance policy for $1 million might die due to an accident, and the insurance company will lose money with that specific client.

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3 years ago

Economies experience sacracity because:

a_sh-v [17]

Scarcity helps people make more informed choices about how to use the resources that are available. The concept of scarcity works in business in the following ways: Scarcity is essential to the study of economics. A fundamental aspect of scarcity is the mismatch between supply and demand.

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3 years ago

Integrating branded products into media content for a fee is called

In-s [12.5K]

'Paid Product Placement' or 'Paid Advertising'

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3 years ago

Read 2 more answers

What does full disclosure mean? how does full disclosure affect financial reporting? are there any ethical implications to what

BlackZzzverrR [31]

Full Disclosure basically means that they are going to share all the information of an event that has happened. You should make these into separate questions and you may get quicker answers, because unfortunately I am unable to help you with all of them.

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3 years ago