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Arte-miy333 [17]
3 years ago
10

Now, assume that Addison’s savings institution modifies the terms of her account and agrees to pay 5.8% in compound interest on

her $1,000 balance. All other things being equal, how much money will Addison have in her account in nine years?
Business
1 answer:
love history [14]3 years ago
5 0

Answer:

Addison will have $ 1,661 in her account in nine years.

Explanation:

This problem requires us to calculate value of our investment of $ 1000 dollars after nine years. The interest on the investment is 5.8% compounded annually.

This problem can be solved by using simple compounding formula given below.

Future Value = Present Value (1+interest rate%)^-period

Future Value = 1,000 (1+5.8)^9

Future = $ 1,661

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If you take out a loan, which two things do your loan payments go toward?
Fofino [41]

Answer:

D. Principal and interest

7 0
2 years ago
Mitchell Corporation bought equipment on January 1, 2012 .The equipment cost $120,000 and had an expected salvage value of $20,0
murzikaleks [220]

Answer:

$100,000

Explanation:

Depreciable cost refers to the portion of an asset's costs that will be spread throughout the use-life of the asset. It is the amount to depreciated over the gainful life of the asset.  

Depreciable cost is calculated by subtracting salvage value from the original cost of the asset. Salvage value is also the scrap value.

Depreciable cost = asset cost - salvage value

Depreciable cost= $120,000 - $20,000

Depreciable cost =$100,000

4 0
3 years ago
Property owners on one street have petitioned the city to install paved alleys behind their homes. If Marcus has a rectangular l
ziro4ka [17]

Answer: 90 feet

Explanation:

From the question, we are told that Property owners on one street have petitioned the city to install paved alleys behind their homes and that Marcus has a rectangular lot that measures 90 feet by 140 feet.

He would pay the special assessment based on 90 feet which is the width of the rectangular lot.

8 0
3 years ago
Both liberals who believe that the ethical assessment of work should be based on how work affects the workers' ability to make f
BigorU [14]
<h2>False. Both liberals believes are different.</h2>

Explanation:

Ethical assessment of work: It purely depends on the office environment. I can explain like,

  • how much of employee-friendliness exists in the company,
  • how the work-life balance of employee experiences
  • The amount of work pressure that the employee face
  • The independence that they have in doing their work creatively or scope for creativity.

Rather, human fulfillment school, purely deals with personal life. Its full of humanness.

So both are entirely different. Hence the statement stands false.

7 0
3 years ago
Flexible Budget for Assembly Department Steelcase Inc. (SCS) is one of the largest manufacturers of office furniture in the Unit
DochEvi [55]

Answer:

Results are below.

Explanation:

Giving the following formula:

Direct labor per filing cabinet=  18/60= 0.3

Direct labor rate $28 per hour

<u>The supervisor salary and depreciation will remain constant, we will not take them into account.</u>

70,000 units:

Direct labor hours= (0.3*70,000)= 21,000

Direct labor cost= 21,000*28= $588,000

80,000 units:

Direct labor hours= (0.3*80,000)= 24,000

Direct labor cost= 24,000*28= $672,000

90,000 units:

Direct labor hours= (0.3*90,000)= 27,000

Direct labor cost= 27,000*28= $756,000

3 0
2 years ago
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