<span>You are given an initial investment of $300 at 4% interest compounded monthly after 8 years. The solution to this question is shown below.
</span>A(t) = P(1+r/n)^nt
A(8) = 300(1+0.04/12)^12(8)
A(8) = 300(1+0.04/12)^96
A(8) = 300(1.033)^96
A(8) = $412.91
Answer:
The answer is a the interest rate to fall as there is currently a surplus of loanable funds.
Explanation:
Investors who wish to borrow $100 million represent quantity of money demand and savers who wish to save $125 million. There is surplus of loanable funds SS > DD = $125 million > $100 million
Answer:
Raw materials inventory
Explanation:
Since the raw material is purchased which increase the stock account so we debited it and for purchasing the raw material, the cash is given or it can takes on credit so we credited it
So, the journal entry would be
Raw material A/c Dr
To Cash A/c
(Being raw material purchased for cash)
Raw material A/c Dr
To Accounts payable A/c
(Being raw material purchased on credit)
