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Ymorist [56]
4 years ago
12

$325 is borrowed from a bank that charges 4 interest compounded annually how much is owed after 1 year, 3 years, 7 years, and 20

years?
Business
1 answer:
LiRa [457]4 years ago
6 0

Answer:

This problem requires us tell how much is owed after 1 year, 3 years, 7 years, and 20 years. This can be calculated using simple compounding formula given below.

Liability after 1 year

DF = $ 325 (1+4%)^1 = $ 338

Liability after 3 year

DF = $ 325 (1+4%)^3 = $ 366

Liability after 7 year

DF = $ 325 (1+4%)^7 = $ 428

Liability after 20 year

DF = $ 325 (1+4%)^20 = $ 712

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A ________ is an agricultural based community in which a number of families live in close proximity to each other, with fields s
aksik [14]
<span>Cluster of rural settlements </span>
3 0
3 years ago
Nathan and Diana are married and have three married children and seven minor grandchildren. For tax year 2020, what is the maxim
Luba_88 [7]

Answer:

Maximum amount that can be given to family (including the sons- and daughters-in-law) without using unified transfer tax credit is $390,000.

Explanation:

Given the data in the question;

Nathan and Diana are married and they have 3 married children, meaning Nathan and Diana also have 3 daughters/sons in law married to their children. In addition, they have 7 minor grand children.

Number of donees will be ⇒ 3 + 3 + 7 = 13

Now, we know that; The annual gift tax exclusion for 2019-2020 is $15,000 per donee or individual for every tax payer while that of married couple is $30,000.

Meaning Nathan and Diana can give $30,000as a gift to each of their family members without using any of their unified transfer tax credit.

Hence,

Maximum amount that can be given to family (including the sons- and daughters-in-law) without using unified transfer tax credit will be;

⇒ 13 × $30,000

= $390,000.

6 0
3 years ago
Actions taken by governments in order to promote the use of their own resources include all of the following EXCEPT:
timama [110]
It's C


I hope it helped you!
8 0
3 years ago
Which of the following is not correct? Select one: a. Taxes levied on sellers and taxes levied on buyers are not equivalent. b.
liq [111]

Answer:

The correct answer is option a.

Explanation:

Taxes levied on either buyers or sellers are equivalent. In both cases, the tax creates a wedge. This wedge is the difference between the price that the buyers have to pay and the price that the sellers receive.  

The price that the buyers have to pay increases while the price that the sellers receive decreases. But this tax wedge does not depend on whom the tax is levied, it depends on the elasticity of demand and supply. So whether the tax is levied on buyers or sellers, the tax wedge will remain the same.

The tax burden will be shared between both buyers and sellers. So it is incorrect to say that the taxes levied on sellers and taxes levied on buyers are not equivalent.

8 0
3 years ago
Х
Scilla [17]

Answer: It is A. Accounts Receivable.

4 0
3 years ago
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