Metal X can dispose of unwanted materials quicker and is therefore a better reactant. Please mark Brainliest!!!
Answer:
The interest expense company recorded during Year 2 on the 7% debentures is $27,535,600
Explanation:
As the interest expense is different from the interest payment made on the debenture. It also includes some other costs. Effective interest rate includes the effects of all related costs of debentures. So the interest expense of a debenture will base the effective interest rate of the debenture.
We can calculate the Interest expense on 7% debtures as below
Interest Expense = Value of Debenture x Effective interest rate
Interest Expense = $188,600,000 x 14.6%
Interest Expense = $27,535,600
Using the formula for compound interest:
The formula for annual compound interest, including principal sum, is:
A = P (1 + r/n)ⁿˣ
Where:
A = the future value = $95000
P = the principal investment amount = ?
r = the annual interest rate = 0.06
n = the number of times that interest is compounded per year = 2
x = the number of years the money is invested = 0.5
95,000 = P (1 + 0.06/2)¹
95,000 = P (1.06/2)
95,000 = P (0.53)
P = 95,000 ÷ 0.53
P = 95,000 ÷ 0.53
P = 179,245.30
Total compounded interest = 179,245.30 - 95,000
Total compounded interest = 84,245
The amount of the surplus that is worthless to buyers and sellers but becomes tax income may be transferred to someone else through public policies, but it is not lost.
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