You use money everyday and my answer would be a false
Answer:
You must deposit $14,824.07
Explanation:
Giving the following information:
Sister:
Investment= $14,000
Interest rate= 10.5%
Number of years= 9
You:
Investment=?
Interest rate= 9.8%
Number of years= 9
First, we need to calculate the future value of your sister:
FV= PV*(1+i)^n
FV= 14,000*(1.105^9)= $34,386.55
Now, we can determine your deposit:
PV= FV/(1+i)^n
PV= 34,386.55/ (1.098^9)= $14,824.07
In subsistence farming, people generally grow :
D. only enough to feed their families
subsistence farming refer to a farming technique for self-sufficiency (not commercial)
hope this helps
Twain career is remarkable, he chooses to become a Riverboat Pilot. We are asked what was his fist mistake at the wheel in the "Life on the Mississippi" and the answer is "He started to move away from one boat and moved towards the middle and that is the time that he needs to fight the current".
Answer:
c.reported at fair value on the balance sheet and as unrealized gains or losses on the income statement
Explanation:
The trading securities focuses on the securities which are traded to gain the profit through selling the securities which are based on the market values
So
any profit or losses could be come under the income statement
whereas
The fair values are to be reported on the balance sheet
hence, the correct option is c.
