<span>Formula of Comound Interest will help you. Here is the formula :
So : savings you placed
Sf : savings you get after years
r : rate
n : years
Sf = So x (1+r)^n
Here we try to get "n" so that Sf = 2So.
"n" is a math power, if you want to get it, you should use Logarithm and transform the equation :
Sf - So = (1+r)^n
Then, you isolate "n" and by doing that, every other equation's terms will be expressed in Logarythm :
n = (log sf - log so) / (log 1 + r)
Example : you have 10$, you want 20$ with 7.2% interest (Any other amount will match) :
n = (log 20 - log 10) / (log 1.072)
n = 0.301029 / 0.030195
n = 9.9696
You will need 9.9696 years. So (0.9696*365)/1 = 9 years, 11 months and 19 days.</span>
Answer:
Equivalent units of production for materials = 5960
Explanation:
Given:
Units transferred out = 5800
Units in ending inventory = 400
%age of completion for conversion = 40%
To calculate the equivalent units of production by using the formula:
Equivalent units of production for materials = units transferred out + ( units in ending inventory × %age of completion for conversion)
= 5800 + ( 400 × 40/100)
= 5800 + ( 400 × 0.4)
= 5800 + 160
= 5960
Because of supply and demand. More demand for a product makes the price go and and the supplier gives more because they get more
Answer:
The amount of annual rental payment = $4,906.205 per annum
Explanation:
Amount of lease payment that Mequon Inc must demand for earning 6% rate of return i.e discounting factor:
=3.465
Amount that will be paid per year:
[(Value of machinery-resifual value at the end of 4 yers expected by Mequon)/discounting factor for 4 years at 6%]
=($47,000-$30,000)/3.465
=$4,906.205(approx.) per annum.
The right answer for the question that is being asked and shown above is that: "<span>B. Professional associations are forced by law to keep standards high. " </span>professional associations interested in keeping professional standards high because <span>Professional associations are forced by law to keep standards high. </span>