Answer:
$8750.87
Explanation:
This is compound interest problem. The formula used to solve this would be:
Where
F is the future value (what we want, after 3 years)
P is the initial value (given 6900)
r is the rate of interest per period
here, 8% per year, so 8/4 = 2% per period (since compounded per quarter)
t is the time (3 years and compounding per year so times of compounding is 3*4 = 12), so t = 12
Substituting, we get our answer:
<u>There will be about $8750.87 at the account at the end of 3 years!</u>
$400,000 equity will be the coverage provided for the account.
<h3>What is a joint account?</h3>
A joint account is just another saving account, but the difference is that it is shared between two people, i.e, two people are the owner of that account this is generally shared between two partners or a spouse.
The maximum bandwidth for a joint account is $500,000; but, a margin account only covers the equity, thus the debit balance is deducted from the market value. from deducting the market value of $1 million from the debit balance of $600,00 to leave $400,000 equity.
Learn more about the joint account, here:
brainly.com/question/23507729
#SPJ4
Answer:
C. availability.
Explanation:
The availability bias and misinterpretation is the result of increased frequency and omnipresence of information that does not reflect its importance or correctness.
Here, Jill is clouded by how much car deaths are propagated in the media, so she fails to realize the correct answer, despite the fact that stomach cancer could seem rational in her mind.
Answer:
Apple Photography, Inc.
Based on this information, the balance in the cash account at the end of January would be:_____.
b) $12,115.
Explanation:
a) Cash Account
Common Stock $13,600
Insurance (2,200)
Service Revenue 5,800)
Rent (1,600)
Office equipment (3,200)
Utilities (285)
Balance $12,115
b) Apple Photography, Inc had a balance in the cash account at the end of January of $12,115 which was the difference between the cash inflows and cash outflows during the month. The inflows represented cash received by Apple Photography from the owners and customers and the cash paid for running the business.
Dont know the answer, but i can tell you that combo is wrong.
