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dimaraw [331]
3 years ago
13

Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate.

Assume that fixed interest rates are used throughout this question. Ava deposited $1,300 in a savings account at her bank. Her account will earn an annual simple interest rate of 8.2%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 5 years
Business
1 answer:
Lostsunrise [7]3 years ago
8 0

Answer:

She would have $1,833 in her account after 5 years

Explanation:

Principal = $1,300

Interest rate = 8.2%

Term of loan = 5 years

Simple Interest = Principal × Rate × Term of loan

= $1,300 × 0.082 × 5 = $533

The amount of money she would get after 5 years = $1,300 + $533 = $1,833

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Answer:

A. users should be able to review their records and correct any inaccuracies .

Explanation:

Once a transaction is noted and recorded in the software, there shall be access to the user only who had recorded the same, as this will provide for security and accuracy both.

If any third party is allowed to have the access to alter the records in the books then that can ruin the principle of maintaining privacy. Also in that case the responsibilities shall not stand to be completed as this calls for sharing responsibilities, and people will blame each other.

Thus, the user shall be alone to make any changes in the data already recorded by him.

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3 years ago
Which employment scenario would not affect the economy adversely?
spayn [35]

i not sure but cyclical makes more sense.

7 0
3 years ago
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baherus [9]
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It will create the offspring Rr, Rr, rr, and rr
6 0
3 years ago
Charles wants to start a décor business and takes a loan of $35,000 from the bank to set up the business. Once the business is u
miv72 [106K]

Answer:

Sole Proprietorship

Explanation:

Charles is planning to start a sole proprietorship business. It is the most common form of business ownership.

This is the form of business owned, managed and operated by a single individual. Here, there is no distinction between the business and the owner. The owner of the business will have total control of all the profits incurred in the business and solely be responsible for all losses incurred as well.

5 0
3 years ago
Creative Sound Systems sold investments, land, and its own common stock for $32.0 million, $14.8 million, and $39.6 million, res
Studentka2010 [4]

Answer:

Creative Sound Systems should report $18,800,000 as net cash flows from financing activities

Explanation:

Cash flow Financing activities are the funds that the business acquire or paid to finance its main activities, these involve borrowing and repaying short-term loans, long-term loans and other long-term liabilities.

From the question, Cash inflow from Issue of common share and Cash outflow from purchase of treasury stock are the only recognizable Financing activities

Particulars                                                                Amount

Cash inflow from Issue of common share              $39,600,000

Cash outflow from purchase of treasury stock     -$20,800,000

Net cash flows from financing activities              $18,800,000

7 0
3 years ago
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