Answer:
Find my detailed explanations and computations below
Explanation:
In essence, based on the unpaid balance of $6982.25 with a monthly interest rate of 1.55%, the finance charge on the unpaid balance can be determined as the unpaid balance multiplied by the monthly interest rate as shown
The finance charge for the month=unpaid balance*monthly interest
The finance charge for the month=$6982.25*1.55%
The finance charge for the month=$108.22
The balance owed altogether is the unpaid balance plus the finance charge on the unpaid balance
Total balance unpaid=$6982.25+$108.22
Total balance unpaid=$7,090.47
Well if you think about it in the long run the darkness shall take over in about 44 years from now
<h2>Goods & services is an example of "economic activity".</h2>
Explanation:
Economic activity is basically an action pertaining to production, distribution and consumption of goods.
Any activity which involves money for which we get products are called "economic activity".
Exchange of Product / services which involves money can be considered as economic activities.
Out of box information:
In the ancient days, people get product for another product and this was going on when the currency was not invented.
The word economy was coined by "Aristotle".
Answer:
22.7 %
Explanation:
Accounting rate of return = Average Profits / Average Investments × 100
Where,
Average Profit = Sum of Profits ÷ Number of Years
= $35,000
and
Average Investment = (Initial Investment + Salvage Value) ÷ 2
= ($278,000 + $30,000) ÷ 2
= $154,000
Therefore,
Accounting rate of return = $35,000 ÷ $154,000
= 22.7 %
<span>$464,171.83
The discount rate is used to calculate the present value of an asset you expect to get in the future. The formula is
PV = FV/(1+R)^n
where
PV = Present Value
FV = Future Value
R = Rate
n = Number of periods
So let's look at the return for the first 3 years
Year 1
PV = $120,000/1.12 = $107,142.86
Year 2
PV = $180,000/1.12^2 = $180,000/1.2544 = $143,494.90
Year 3
PV = $300,000/1.12^3 = $300,000/1.404928 = $213,534.07
So the current value is
PV = $107,142.86 + $143,494.90 + $213,534.07 = $464,171.83</span>
