What is the purpose of the owner capital account in the closing process? a.Owner capital is used to verify that net income or lo
1 answer:
You might be interested in
There are different types of investment. The type of investment would be an example of an investment at point B is a stock.
When you look at the graph, you will see a rise from point A to both B. With this, you can know that the asset class that has highest risk and also has the highest return is a stock.
There are different kinds of investments. They includes stocks, real estate, etc. The intention of the buyer is that they will increase the value of their savings/money over time.
Learn more about Stocks from
The formula for annually compounded interest is as follows:
P is the initial amount you invest, r is the interest rate as a decimal, and t is the number of years the money will have been invested.
Convert the 8% interest rate into a decimal by dividing by 100:
We now have all of our values. Plug the known values into the equation: