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slega [8]
3 years ago
7

Cindy invests $10000 in an account that pays an annual rate of 3.96%, compounding semi-annually. approximately how much does she

have in her account after two years?
Business
1 answer:
stiks02 [169]3 years ago
6 0

Annual Compound Formula is:

A = P( 1 + r/n) ^nt

Where:

A is the future value of the investment

P is the principal investment

r is the annual interest rate

<span>n is the number of  interest compounded per year</span>

t is the number of years the money is invested


So for the given problem:

P = $10,000

r = 0.0396

n = 2 since it is semi-annual

t = 2 years

 

Solution:

A = P( 1 + r/n) ^nt

A = $10,000 ( 1 + 0.0396/2) ^ (2)(2)

A = $10000 (1.00815834432633616)

A = $10,815.83 is the amount after two years

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Which of the following would be categorized as an opportunity cost?
dimaraw [331]
B and C only I’m sure,
4 0
4 years ago
Norman is a franchisee of MegaFurnishings, a furniture store. Norman breaches the franchise agreement. The contract states that
pogonyaev

Answer:

d.

Explanation:

Based on the scenario being described within the question it can be said that In this case, MegaFurnishings must give a reasonable time, with notice, to wind up the business. This is a mandatory requirement when terminating the franchisee contract, and is done in order for the franchisee to become aware of the situation and have a chance to take appropriate actions regarding the event.

5 0
3 years ago
What is the differential revenue from the acceptance of the offer? a. $300,000 b. $420,000 c. $120,000 d. $240,000
ivann1987 [24]

Answer:

a. $300,000

Explanation:

Calculation

Calculation for the differential revenue from the acceptance of the offer

Using this formula

Differential revenue= Units of offer received× Amount per unit

Let plug in the formula

Differential revenue=20,000 units× $15 per unit

Differential revenue=$300,000

Therefore the differential revenue from the acceptance of the offer will be $300,00

3 0
3 years ago
The primary concerns when first starting your business are:
const2013 [10]
The primary concerns when first starting your business are: financing and planning
8 0
3 years ago
For each of the following accounts, indicate the effect of a debit or credit on the account and the normal balance. Debit Effect
salantis [7]

Answer:

                                             Debit  Credit  

A Bonds payable                    Decrease Increase  

b. Unearned Service Revenue Decrease Increase  

c. Depreciation Expense      Increase Decrease      

d. Common Stock                    Decrease Increase  

e. Buildings.                            Increase Decrease  

f. Rent Revenue.                   Decrease Increase  

 

Explanation:

Debit  Credit  

A Bonds payable Decrease Increase  

Bonds payable are a form of long term debt usually issued by corporations, hospitals, and governments.    

b. Unearned Service Revenue Decrease Increase  

Unearned Service Revenue is a liability account that is used to record advanced collections from clients. In other words, it pertains to revenue already collected but the service has not yet been rendered    

c. Depreciation Expense Increase Decrease  

Depreciation expense is the amount of depreciation that is reported on the income statement.    

d. Common Stock Decrease Increase  

Common stock is a security that represents ownership in a corporation.    

e. Buildings.  Increase Decrease  

A building, or edifice, is a structure with a roof and walls standing more or less permanently in one place, such as a house or factory    

f. Rent Revenue. Decrease Increase  

Rent Revenue is the title of an income statement account which (under the accrual basis of accounting) indicates the amount of rent that has been earned during the period of time indicated in the heading of the income statement.    

7 0
3 years ago
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