The accumulated value be $7212.10 2 years after the change.
Calculation
FV = PV × (1 + r / k) 
(here k = no. of times compounded in a year)
so, in first case
FV = 6000 × (1 + 2.5%/ 2)
= $6793.62
The FV becomes PV in the second case
So, FV = 6793.62 × (1 + 3%/ 4)
= $7212.10
<h3>What is
accumulated value?</h3>
The sum of an investment's present holdings, including the money invested and interest accrued thus far, is known as its accumulative value. Because it refers to the whole acquired value of a whole life insurance policy, the accumulative value is significant in the insurance industry. Accumulated value, also known as accumulated amount or cash value, is determined by adding the initial investment and any interest that has already been accrued.
When the owner of a whole (or universal) life insurance policy starts making monthly premium payments, the accumulated value of the policy starts to increase for insurance reasons. These premium payments are divided into two halves by an insurance company. The first part pays for the costs of the fundamental insurance coverage. The insurance company places the second share in an internal account where it serves as a form of investment that builds cash value.
Learn more about accumulative value
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Answer and Explanation:
The computation of the depreciation expense using straight line method is shown below:
Formula to be used:
= (Purchase cost - salvage value) ÷ (estimated service life)
For 2021
= ($35,000 - $5,000) ÷ (10 years)
= $3,000
For 4 months, it would be
= $3,000 × 4 months ÷ 12 months
= $1,000
And, for the year 2021, it would be the same i.e. $3,000
What ???????????? I’m confused
Answer:
Refer below.
Explanation:
Favorite parts are:
The customers (funders) and clients (singular philanthropic staff) are extraordinary to work with. I can be open about being an individual of confidence when suitable. The assortment of my assignments every day.
Answer:
Trade credit
Explanation:
Trade credit is an agreement between two businesses where the supplier agrees to supply goods to a trader and collect payments later. There is no payment at the delivery of the products, but the supplier allows for later payments.
Trade credit allows traders to sell the product at first, deduct profits from the revenue and pay the supplier later. Trade credit can harm a business if the credit aspect is expensive. Should the trader negotiate for good credit terms, then trade credit is a viable option for inventory purchases.
