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sergij07 [2.7K]
1 year ago
8

Suppose $20,000 is deposited into an account paying 4.5% interest, compounded annually. How much money is in the account after f

our years if no withdrawals or additional deposits are made
Business
1 answer:
antiseptic1488 [7]1 year ago
7 0

Money in the account after four years= 23850.372

Given, P = 20,000

R = 4.5%

T = 1

n = 4

To calculate Compound interest, we will use formula A = P(1 + r/n)^nt

where p = principal amount,

r = rates of interest

n =  number of times interest applied per time period

t  =  number of time periods elapsed

After putting values,

A = 20000(1 + 4.5/4  )^(4*1)

= 23850.372

To learn more about compound interest from the given link

brainly.com/question/24924853

#SPJ4

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The statement that is not true of this ceremony is:

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The term inside quotes on a limit order book would be comprised of the ______. a. highest bid price and the lowest ask price.b.
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3 years ago
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S. Wang and T. Wu are partners with equal capital balances of $50,000 each. They agree to let J. Li invest $20,000 in their part
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The journal entry to reflect the bonus to Wang will include a credit to Wang, Capital in the amount of $4,000

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Second step is to calculate their new capital

New capital=$120,000*.10

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Now to determine Wang bonus amount we have to divide the capital equally between S. Wang and T. Wu

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Learn more about Partnership  share of Capital here:

brainly.com/question/13219570

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harina [27]

Answer:

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Frictional unemployment refers to a type of unemployment that occurs when people are in the process of moving from one job to another job.

Frictional unemployment is also known as search unemployment because it has to do with the time that is spent between jobs when a person is searching for a job, moving from one location to another in search of a job, or transferring from one job to another job.

Based on the explanation above, a plumber who quits his job in Indianapolis and moves to Orlando where additional plumbers are needed is said to be <u>frictionally</u> unemployed. The reason is that the plumber is moving from one job in Indianapolis to another job in Orlando.

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