1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Naddika [18.5K]
3 years ago
15

A loan requires that the 8% interest be compounded quarterly for 4 years. Find the number of compounding periods

Business
1 answer:
baherus [9]3 years ago
4 0

Answer:

16 compounded periods

Explanation:

Here ,the loan amount was not given , they asked to compute only the compounding period of the loan.,

The period of loan is 4 years

interest calculation mode is quarterly

 = (12 months÷4 = 4 times in a year) (12 months÷4 = 4 times in a year)

      = 4 ×4 = 16 compounding periods   4 ×4 = 16 compounding periods

Hence the 8% interest bearing 4 years loan will compounded 16 times

You might be interested in
when you start your career do careers require you To Move far away depending on The career That your doing
Paladinen [302]

Answer:

It depends on where you applied for that career.

4 0
4 years ago
Read 2 more answers
On December 31 of Swift Co.’s first year, $70,000 of accounts receivable is not yet collected. Swift estimates that $4,000 of it
pishuonlain [190]

Answer:

1. $66,000

2. $66,000

Explanation:

The computations are shown below:

1. Before written off:

= Account receivable balance - uncollectible amount

= $70,000 - $4,000

= $66,000

2. After written off:

= Account receivable balance - second year written off amount - uncollectible amount + second year written off amount

= $70,000 - $700 - $4,000 + $700

= $66,000

8 0
4 years ago
Space Trips Inc. files a registration statement with the SEC before making an offering to the general public. The registration c
yanalaym [24]

Answer: D. the untrue statements were not material

Explanation: In the registration statement Space Trips inc filed to SEC before public offering , the registration was containing false and immaterial statement of which the public are not aware of . So it best defense will be " the untrue statements were not material", since Space Trips inc have been charge with violating the Securities Act of 1933.

8 0
3 years ago
Fixed asset accounting systems include cost allocation and matching procedures that are not part of routine expenditure systems.
nikklg [1K]

Answer:

The correct answer is A.true.

Explanation:

Fixed asset accounting systems include cost allocation and matching procedures that are not part of routine expenditure systems.

As per financial accounting standards fixed assets cost is capitalized and than depreciated over its useful life. Only that amount of asset cost is charged in profit and loss account that has been depreciated during the reporting period. However, in case of other routine expenses full amount is charged in p/l, in the period, in which these costs are incurred.

8 0
3 years ago
When interest rates fall a. firms want to borrow less for new plants and equipment and households want to borrow less for homebu
Marina86 [1]

Answer:

The correct answer is option b.

Explanation:

When there is a fall in the interest rate, it means the cost of borrowing will decrease. So it will become cheaper for both firms and households to borrow money.

Thus, borrowing will increase. Firms will borrow more for new plants or equipment to increase output. While households will borrow more for building homes and other such purposes.

4 0
4 years ago
Other questions:
  • Preferred stockholders: A. have the right to receive dividends only if there are enough dividends to pay the common stockholders
    5·1 answer
  • Banking may be subdivided into at least three categories of banks. Match up the definitions with the appropriate name.
    11·1 answer
  • Walt Biggs is general manager at a plumbing contractor. He is currently working on designing the procedures and policies the com
    7·1 answer
  • In a(n) ______, only the amount of funds that will go into a retirement account, not what the employee will receive upon retirem
    15·1 answer
  • Apple Computers Issued a 30-year $8,000,000 bond on January 1, 20xx with a 5% stated interest rated. Interest is paid semiannual
    6·1 answer
  • If MM's proposition II without taxes is true, what is the return to investors who invest $20 in a stock, borrow another $20 to b
    11·1 answer
  • 3. From the following, select the tax that is
    7·1 answer
  • Valcarcel Corporation manufactures and sells one product. The following information pertains to the company’s first year of oper
    9·1 answer
  • What european nation profited most from trade with the east?
    5·2 answers
  • Silver fire electric inc. , a u. s. -based company, has productive activities in more than two countries. Silver fire electric i
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!