Under which of the following conditions are consumers entitled to a free credit report?

The seller was told by the bank that she has a prepayment penalty due at the time of closing. the penalty is 6 months' interest

algol13

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

3 0

3 years ago

jerome, incorporated, paid $8,850 to make a debt investment in trading securities of tedesco, incorporated. on december 30, (wit

Serjik [45]

The adjusting entry for the sale of debt securities by Jerome Incorporated on December 30, is as follows:

<h3>Adjusting Journal:</h3>

December 31:

Debit Cash $7,000

Credit Investment $6,500

Credit Gain on Sale of Investment $500

To record the sale of debt investment (part) and the gain therefrom.

<h3>What is an adjusting entry?</h3>

An adjusting entry is the journal entry made at the end of the financial year to ensure compliance with the accrual concept and the matching principle of generally accepted accounting principles.

An adjusting entry does not include the initial investment transaction made by Jerome Incorporated.

<h3>Transaction Analysis:</h3>

Dec. 30:

Cash $7,000 Investment $6,500 Gain on Sale of Investment $500

Learn more about adjusting entries at brainly.com/question/13933471

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4 0

1 year ago

Vextra Corporation is considering the purchase of new equipment costing $40,500. The projected annual cash inflow is $12,100, to

stealth61 [152]

Answer:

Net present value = $3,749

so correct option is $3,749

Explanation:

given data

Present value of cash outflow = $40,500

annual cash inflow = $12,100

useful life = 4 years

rate on return = 12 %

present value of an annuity = $1

to find out

net present value

solution

we know here Present value annuity factor @12% for 4 years is given as

Present value annuity factor @12% for 4 years = 3.0373

so we get here Present value of cash inflow that is express as

Present value of cash inflow = Annual cash flow × Present value annuity .........................1

put here value we get

Present value of cash inflow = $12,100 × 3.0373

Present value of cash inflow = $36,751

so now we get Net present value that is express as

Net present value = Present value of cash outflow - Present value of cash inflow .................2

put here value we get

Net present value = $40,500 - $36,751

Net present value = $3,749

so correct option is $3,749

7 0

3 years ago

The Italian government decides to stimulate the economy by sending checks worth $70 billion to Italian consumers If the governme

ludmilkaskok [199]

<u>Answer:</u>$35 Billion

<u>Explanation:</u>

Marginal propensity to consume means the raise in income of the consumer which the consumer is willing to pay for the goods and services. The proportional increase in income of the Italian people will increase their amount spent of goods. MPC differs based on the income of the consumers. Here the Italian government to increase economic activity checks have been send to the customers for spending.

The real GDP can be calculated as follows.

MPC = ($70 billion)(1.5) = $105 billion

GDP= $105 - $70 billion = $35 billion

5 0

3 years ago

following organizations provides CI functional services and analysis in support of international arms control agreements

aivan3 [116]

Director, National security agency chief, central security service DIRNSA/CHCSS provides CI functional services and analysis in support of international arms control agreements.

<h3>What does Director, National security agency chief, central security service DIRNSA/CHCSS do?</h3>

The highest senior member of the National Security Agency, a defense organization under the Department of Defense of the United States, is the director (DIRNSA). The chief of the Central Security Service (CHCSS) and commander of U.S. Cyber Command are both simultaneously held by the NSA director (USCYBERCOM). The officeholder reports to the under secretary of defense for intelligence as the director of the NSA and as the head of the CSC, and as the commander of U.S. Cyber Command, directly to the secretary of defense.

To learn more about NSA visit:

brainly.com/question/14611914

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4 0

1 year ago