All categories

3 years ago

Account A pays simple interest.

Business

1 answer:

maw [93]3 years ago

3 0

Answer:

Explanation:

Interest Factors

<u>Periods 6% 7% 8% 9% 10% 11 %</u>

1 1.0600 1.0700 1.0800 1.0900 1.1000 1.1100

2 1.1236 1.1449 1.1664 1.1881 1.2100 1.2321

3 1.1910 1.2250 1.2597 1.2950 1.3310 1.3676

4 1.2625 1.3108 1.3605 1.4116 1.4641 1.5181

Future value paying simple interest = Principal + [( principal * interest) * investment period]

Future value paying simple interest = $2,000 + [ ( $2,000 * 9%) * 3]

Future value paying simple interest = $2,000 + 540

Future value paying simple interest = $2,540

Future value paying compound interest = Present value * ( 1 + interest)n

Future value paying compound interest = $2,000 * ( 1 + 0.09)3

Future value paying compound interest = $2,000 * 1.295029

Future value paying compound interest = $2,590.058

Difference = $2,590.058 - 2,540

Difference = $50.058

You might be interested in

An agribusiness firm may undertake three alternatives: buy cane sugar and manufacture various sugars and sweets, making a profit

nikitadnepr [17]

Bir tarım işletmesi şirketi üç alternatifi üstlenebilir: şeker kamışı satın alıp çeşitli şeker ve tatlılar üreterek 12 milyon dolar kar elde etmek; mısır satın alın ve etanol üretin, 16 milyon dolar kar edin; veya buğday satın alıp ekmek, ekmek ve hamur işleri üretip 13 milyon dolar kar edin. Bu üç seçenekle ilişkili fırsat maliyeti şudur: Cevap seçenekleri grubu

4 0

3 years ago

on january 1 year 1 abc merchandising company was started the company experienced the following events during the first year of

Alik [6]

Answer: $390

Explanation:

Revenue for a merchandising business is realized when the business sells some of its goods to customers. This can either be in cash or on account which would mean that the customer did not pay cash but now owes them.

The business sold merchandise costing $350 for $390 on account so this is the amount that they will recognize as revenue.

6 0

3 years ago

TB MC Qu. 04-126 Juniper Company uses a perpetual inventory... Juniper Company uses a perpetual inventory system and the gross m

Sholpan [36]

Answer:

The journal entry to record the purchase on August 7 is:

Debit Merchandise $9,750

Credit Accounts Payable $9,750

Explanation:

The terms of 1/10, n/30 means 1% discount for the payment within 10 days and the full amount to be paid within 30 days.

The company purchased $9,750 of merchandise on August 7, returned $1,500 worth of merchandise on August 11, paid the full amount due on August 16 and received the discount. Juniper Company uses the gross method of accounting for purchases. Following accrual accounting method, the journal entry to record the purchase on August 7 is:

Debit Merchandise $9,750

Credit Accounts Payable $9,750

3 0

3 years ago

JLK is a partnership that was formed two years ago and has been extremely successful thus far. The owners have decided to incorp

anastassius [24]

Answer:

The answer is. initial Public Offering (IPO)

Explanation:

If a firm(like JLK) wants to trade its shares to the public for the first term, it will do so in a process known as Initial Public Offering (IPO).

This process will enable JLK or any other firm to raise capital from the company for the first time. Also, JLK partnership is a private company, this process will make the firm a public company.

7 0

4 years ago

Federal and state legislatures have enacted statutes to protect the __________ of the general population from the effects of pol

m_a_m_a [10]

The correct answer is - health.

The statues against health hazards are required to be made by the legislatures in order to control the factors of pollution that led to a major impact on the health of the general population.

Pollution and Legislation

Sometimes industrial bodies harm the surrounding environment by dumping harmful gases or chemicals in the air or any water body which ultimately leads to impact on the health of the people.
In such cases, legislations are made in order to restrict the companies and made them responsible for their surroundings and the people.
Various laws are made by the legislatures in all the countries with respect to the pollution to protect the health of the population as it's their basic right to live in a healthy environment.

To learn more about the legislation, visit - brainly.com/question/15522014

#SPJ4

8 0

2 years ago