Answer:
4.5 years
Explanation:
The computation of the number of years is shown below:-
Future value = Present value × (1 + interest rate)^n
umber of years
$
66,610.25 = $40,000 × (1 + 0.12)^n
$1.665256 = (1.12)^n
LN 1.665256 = n LN 1.12
0.509979 = n × 0.113329
n = 4.499
or
= 4.5 years
Therefore for computing the number of years we simply applied the above formula.
Answer:
(A) Technical skills
Explanation:
Technical skills are the abilities and knowledge needed to perform specific practical tasks that are often related to mechanical, information technology, mathematical, or scientific tasks.
Answer:
The correct answer is A that is $76,000
Explanation:
Home equity is the market value of a home owner un-mortgaged interest in the real property, which is the difference among the home's fair market value and the outstanding balance of all liens on the property.
So, it is computed as:
Home Equity = Market value - Outstanding balance
= $210,000 - $134,000
= $76,000
Answer:
Balance in Prepaid insurance as of December 31 is $18,750
Explanation:
<em> </em>Computation of Prepaid Insurance
Insurance 1 ($34,200 * 6/18) $11,400
Insurance 2 ($14,700 * 12/24) <u>$7,350 </u>
Total Prepaid Insurance <u>$18,750</u>