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

Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard mac

Iteru [2.4K]

Answer:

Manufacturing overhead rate variance= $2,600 favorable

Explanation:

Giving the following information:

Budgeted level of activity 9,300 MHs

Actual level of activity 9,500

MHs Standard variable manufacturing overhead rate $ 8.00 per MH

Actual total variable manufacturing overhead $ 73,320

To calculate the variable overhead rate variance, we need to use the following formula:

Manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

Actual rate= 73,320/9,500= $7.72 per machine hour

Manufacturing overhead rate variance= (8 - 7.72)*9,500

Manufacturing overhead rate variance= $2,600 favorable

7 0

3 years ago

1 pts __________ is an activist investors who Runs Pershing Square Capital Management and recently purchased a 9.7% stake in All

Ivan

Answer:

The correct word for the blank space is: Bill Ackman.

Explanation:

American investor Bill Ackman (born in 1966) is the founder and Chief Executive Officer (CEO) of Pershing Square Capital Holdings, Ltd., a New-York-based hedge fund with around $12.5 thousand millions in assets. According to the Bloomberg Billionaires Index, Ackman's net worth is $1.8 billion.

4 0

3 years ago

The Wet Corp. has an investment project that will reduce expenses by $25,000 per year for 3 years. The project's cost is $30,000

dangina [55]

Answer:

A. $21,100

Explanation:

net cash flow year 1 = {[savings year 1 - (depreciation expense year 1)] x (1 - tax rate)]} + depreciation expense year 1

cash flow year 1 = {[$25,000 - ($30,000 x 33.33)] x (1 - 26%)} + ($30,000 x 33.33) = [($25,000 - $10,000) x 0.74] + $10,000 = $11,100 + $10,000 = $21,100

4 0

2 years ago

A company has net credit sales of $900,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If All

EastWind [94]

Answer:$19,000C

Explanation:

3 0

3 years ago

I need help with this question dontthankmebrainme what is 4=3+n

Alex

N = 1
this is because 4-3 is one

8 0

3 years ago

Read 2 more answers