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
Svet_ta [14]
3 years ago
15

Suppose that you discover in your attic an overdue library book on which your grandfather owed a fine of 30 cents 100 years ago.

if an overdue fine grows exponentially at a 5% annual rate compounded continuously, how much would you have to pay if you returned the book today? (hint: if a(t) is the balance at the time t, then , where r is the interest rate expressed as a decimal, not in the percentage form).
Business
1 answer:
agasfer [191]3 years ago
4 0
FV=P*e^rt, where FV is future value, P is the principal, r is the interest rate, and t is the time. So in this case, we have:
FV=.30*e^100*0.05=.3*e^5=$44.524 due in fines, or 148 times the original 30-cent fine
☺☺☺☺
You might be interested in
If i cancel a booking that redeemed a free night do i lose the free night hotels.com
SVETLANKA909090 [29]

Yes you do cause you already used the coupon or promo code

5 0
3 years ago
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $74,000 and $3,900, r
Nadya [2.5K]

Answer:

The 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

Explanation:

The non-collectible accounts expenses on its Year 2 income statement is shown below:

= Ending balance + write off balance - opening balance

= $6,000 + $7,200 - $3,900

=$9,300

The accounts receivable is not to be considered because we have to find out the uncollectible accounts expense, so the account receivable balance should not be taken in the computation part.

Hence, the 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

5 0
3 years ago
Health Maintenance Organizations (HMOs) are MOST LIKELY associated with which of these types of insurance? A) life insurance B)
sleet_krkn [62]

Answer:

.

Explanation:

8 0
3 years ago
Direct Method Question (2026, Current Period): 2026 2025 A/R 49,000 23,000 Prepaid Insurance 15,000 3,000 Salaries Payable 13,00
hammer [34]

Answer:

$49,000

Explanation:

Missing<em>"Cash Event => Cash Paid for Salaries Second Number => _____ __?___, ______ ______ ______"</em>

<em />

Cash paid for salaries (using direct method)

Particulars                                                           Amount

Opening salaries payable                                  $5,000

Add: Salaries expense for the current year      $57,000

Less: Closing salaries payable                           <u>$13,000</u>

Cash paid for salaries during current year     <u>$49,000</u>

4 0
3 years ago
The owner of Hanson Manufacturing is considering the idea of establishing a smoke-free workplace and instigating an incentive pl
klemol [59]

Answer:

$2000

Explanation:

According to CDC research, each employee who smokes costs his or her organization approximately $2000 per year due to reasons such as;

• Smoke breaks at work which accumulate to reduce the amount of time spent doing productive work.

• Health related issues resulting from smoking that may cost the organization money or cause the employee to be absent from work (research shows that smokers are absent from work more than non smokers.

Therefore, for each smoker who quits smoking, Hanson Manufacturing will gain approximately $2000 in productivity.

7 0
3 years ago
Other questions:
  • Travis International has a debt payment of $2.34 million that it must make 6 years from today. The company does not want to come
    14·2 answers
  • CalPERS, the California Public Employees Retirement System, manages over 240 billion dollars in assets. As an example of shared
    13·1 answer
  • What japanese delicacy can be deadly if not prepared correctly?
    9·2 answers
  • Which option distinguishes why Djimon is gaining weight in the following scenario?
    6·2 answers
  • every organization has a set of unwritten norms that mambers of the organization accept and understand and which guide their act
    11·1 answer
  • A client is visiting the prenatal clinic for the first time. While giving the nursing history the client states that her last me
    9·1 answer
  • Three Corners Markets paid an annual dividend of $1.42 a share last month. Today, the company announced that future dividends wi
    13·1 answer
  • The American chocolate wafer and cream cookie most of us know (and love?) is made by Nabisco and sold under the name
    10·1 answer
  • Career question #35 easy
    12·1 answer
  • Whenever price is ______ average variable costs but is ______ average total costs, the firm can pay part, but not all, its fixed
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!