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GREYUIT [131]
3 years ago
11

Calculating Future Values [LO1] Gold Door Credit Bank is offering 9.3 percent compounded daily on its savings accounts. If you d

eposit $4,500 today, how much will you have in account in 5 years ?
Business
1 answer:
lara31 [8.8K]3 years ago
7 0

Answer:

$7,163.64

Explanation:

The computation is shown below:

Data given in the question

Deposit amount = $4,500

Rate of interest = 9.3% ÷ 365 = 0.0254%

Time period = 5 years  × 365 = 1,825

So, the future value is

Future value = Present value × (1 + interest rate)^number of years  

= $4,500 × (1 + 0.0002547945 )^1,825

= $4,500 × 1.5919198972

= $7,163.64

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During the sensorimotor stage of cognitive development, the child:
Lina20 [59]

Answer:

The correct answer is d.

Explanation:

This stage extends from birth to the acquisition of the individual's language. Children build step-by-step knowledge and understanding of the world by coordinating experiences (such as sight and hearing) related to physical interaction with objects (such as grabbing and stepping).

The development of the permanence of the object is one of the characteristic achievements of this stage. Object permanence is the child's understanding that objects continue to exist even though he or she cannot perceive them.

Have a nice day!

4 0
3 years ago
Journalize the December 31 adjusting entry required if the amount of unearned fees at the end of the year is $12,530. Refer to t
BlackZzzverrR [31]

Answer:

Dr Unearned fees $24,510

Cr Fees earned $24,510

Explanation:

Preparation of the December 31 adjusting entry required

Based on the information given if the balance shown in the unearned fees account was the amount of $37,040 before adjustment at the end of the year which means that if the amount of unearned fees at the end of the year is the amount of $12,530 the December 31 adjusting entry required will be :

Dr Unearned fees $24,510

Cr Fees earned $24,510

($37,040-$12,530)

7 0
3 years ago
Select the word that best fits the definition: The way goods and services are produced, distributed, and consumed in a society.
Bumek [7]

Answer:

economy

Explanation:

The way goods and services are produced, distributed, and consumed in a society can be referred to as Economy.

I hope this helps...

4 0
3 years ago
Read 2 more answers
The following information is available on a depreciable asset owned by Mutual Savings Bank:
BARSIC [14]

Answer:

$4366.67

Explanation:

Given: Asset book value on july 1, year 3= $57800

          Salvage value= $5400

          Useful life left= 6 years.

Now, computing the depreciation expense under straight line method.

Formula; Depreciation= \frac{Asset\ book\ value - salvage\ value}{useful\ life}

Useful life in months= 6\times 12= 72\ months

Next, Depreciation expense= \frac{57800-5400}{72} = \$ 727.77

∴ Monthly depreciation expense= $ 727.77

Depreciation expense for last six months of year 3= 727.77 \times 6= \$ 4366.67

∴ Depreciation expense for last six month of year 3 is $4366.67.

3 0
3 years ago
Most plants want to have their supplies delivered just before they are needed to be used in production
vovangra [49]

Answer:

  True

Explanation:

The modern notion of "just in time" material delivery supports reduction of inventory and its associated costs. Plants that have sufficiently steady raw material usage will prefer supplies delivered "just in time."

Plants that have wildly varying production schedules or product mix may prefer a generous "safety stock." They may also prefer a generous supply inventory if their supply chain is unreliable.

It is true that most plants <em>want</em> to have supplies delivered just in time, but circumstances may make needs differ from wants.

4 0
3 years ago
Read 2 more answers
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