Answer and Explanation:
The computation is shown below:
a. The amount in 2 years later is
As we know that
Amount = Principal × (1 + rate)^time period
= $10,675.50 × (1 + 6.5% ÷ 2)^2× 2
= $10,675.50 × (1 + 0.03125)^4
= $10,675.50 × 1.130982
= $12,073.80
b. Now the compound interest is
= Final Amount - principal amount
= $12,073.80 - $10,675.50
= $1,398.30
The above formulas should be applied
Answer:
option (A) $105,000
Explanation:
Data provided in the question:
Expected purchase of material in July = $90,000
Expected purchase of material in August = $110,000
Amount paid in the month of purchase =
Amount paid in the following month =
Now,
August's cash disbursements for materials purchases will be
= Three fourth of the amount of material purchased in August and one fourth of the amount of material purchased in July
[as August is the following month for July]
= × $110,000 + × $90,000
= 82,500 + 22,500
= $105,000
Hence,
the answer is option (A) $105,000
Answer:
Charge for perpetual care service will be $1500
So option (a) will be the correct option
Explanation:
We have given the estimated cost to maintain a gravesites is $120 per year
Interest rate = 8 % = 0.08
We have to find the fee which owner charged for the perpetual care service
The perpetual charge is given by
Charge for perpetual care service will be $1500
So option (a) will be the correct option
I would say an overdraft. As overdraft facility allows the facility holder to withdraw money from the account despite having no balance. There is a limit on the amount that can be overdrawn from the account. The overdraft limit is usually set by the bank basis the amount of working capital, creditworthiness of borrower and security offered by borrower.
I've also provided some advantages and disadvantages for using a overdraft.
I hope it helped you!
True, Because you can always bring your own lunch to School/Work that would most likely be less expensive.<span />