The answer is: the system is owned by the banks.
Even though the name contain the word 'federal' , the federal reserves are not entirely owned by the government. Several banks owned percentage of ownership to the federal reserve. Government officials only acted as the Board of Directors, not the owner. Because of this dis attachment, the federal reserve could had high degree of political independence
Answer:
Monthly payments=($56890.673/36)=$1,580.296
Explanation:
The formula for calculating the compound interest is given as;
A=P(1+r/n)^nt
where;
A-Amount to be paid after a given period of time
P-Principal amount initially taken=$52,000
r-The annual interest rate=3%=3/100=0.03
n-Number of times the interest is to be compounded per unit time=12
t-3
Replacing;
A=52000(1+0.03/12)^3
A=52000(1.0025)^(3×12)
A=56,890.673
The total amount after 36 months=$56,890.673
Monthly payments=($56890.673/36)=$1,580.296
Answer:
Please see explanation
Explanation:
The transactions shall be recorded in the general ledger in the following way:
Debit Credit
Cash $13,000
Common stock $13,000
(Received $13,000 cash from the issue of common stock)
Accounts receivable $45,000
Revenue $45,000
(Performed services on account for $45,000)
Utility expense $1,100
Cash $1,100
(Paid the utility expense of $1,100)
Cash $33,000
Accounts receivable $33,000
(Collected $33,000 of the accounts receivable)
Salaries expense $6,250
Salaries payable $6,250
(Recorded $6,250 of accrued salaries at the end of the year)
Retained Earnings $1,000
Cash $1,000
(Paid a $1,000 cash dividend to the stockholders)
Answer:
Final Value= $7,144.13
Explanation:
Giving the following information:
Suppose you decided to place $2,500 in a savings account at First Foremost Savings and Loan. The account pays 7% compounded continuously.
Number of years= 15
<u>Because it is compound continuously, we need to use the mathematical constant e.</u>
To calculate the final value, we need to use the following formula:
FV= PV*[e^(i*n)]
FV= 2,500*[e^(0.07*15)]
FV= 2,500*(e^1.05)
FV= $7,144.13
Answer: $742910
Explanation:
The weighted average combines interest rates into a single interest rate which yields a combined cost which is about thesame as cost of the original separate loans.
The weighted-average interest rate for interest capitalization purposes for the company above is calculated in the attachment below.
