The amount lost by the person as interest over five years is $65
Explanation:
Given information's are
Amount = $300
years = Five years
Interest rate = 4 percent
If that person deposits $300 in to a saving account which gives 4% interest per year will get $365 after completion of five year period as follows..,
Usually bank follows compound interest method for five years holding of deposits in the savings accounts.The compound interest formula is ((P×(1+i)^n) - P),
where
P is the principal,
i is the annual interest rate, and
n is the number of periods
Interest = $300 ×(1+0.04)5 - $300 = $65
So.,the amount lost by the person as interest over five years is $65
Because some of the items in the estate might be damaged or might be old and torn down & they wouldn't want to include them in the selling of the home, because it could put a bad reputation on the home.
Answer: C. Allocates manufacturing costs to individual jobs to determine unit costs
Explanation:
Job order costing is used to identify the cost of producing a single units of a good. It is usually used by small to medium scale companies who produce per good or by companies that specialize in the production of a custom goods and services.
Under job order costing, manufacturing costs are allocated to individual jobs in order to determine what the individual jobs cost so that an appropriate selling price can be given.
The values<span> and </span>behaviors<span> that </span>contribute<span> to the unique social and </span>psychological environment<span> of an organization.</span>
Answer:
120 months or 10 years earlier
Explanation:
The computation of the number of years early would pay off the loan is shown below:
By using the financial calculator
RATE = 4% ÷ 12
P V = $50,000
PMT= -$203.24 - $302.99
FV = 0
CPT N=120
Now for extra payment it would take 120 months
And without extra payment it would take
= 20 × 12
= 240 months
So either 120 months or 10 years earlier
