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irakobra [83]
3 years ago
13

Suppose that a landlord is interested in renting out a two-bedroom apartment for $1000 a month for the next year. The landlord r

equires rent to be paid at the beginning of the month, at which point he will deposit the rental check into a local savings account. If the annual interest that the tenant can earn on this account is 5% and interest is compounded monthly, how much will the tenant have in his savings account at the end of the year
Business
1 answer:
Anarel [89]3 years ago
5 0

Answer:

WHAT

Explanation:

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Following are transactions for Vitalo Company. Nov. 1 Accepted a $12,000, 180-day, 8% note from Kelly White in granting a time e
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Answer:

Interest amounts at December 31st = $80

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Explanation:

Total interest amount = $6,000 * 8% = $480

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