Interest, in a savings account, is calculated as a percentage of what you have saved.
A bank will let you know what percentage of interest they pay monthly on your savings account. Each bank can vary by what they pay in interest so it is important to do your research and search for a bank that gives an amount back that is suitable to you. Keeping your money in savings allows for interest to accrue at a faster rate.
Answer:
Explanation:
Player 1
If Player 1 chooses strategy A
then the player 2's best outcome of 23 comes from strategy C.
If Player 1 chooses strategy B
then the player 2's best outcome of 26 comes from strategy C.
Player 2
If Player 2 chooses strategy C,
then the player 1's best outcome of 14 comes from strategy B.
If Player 2 chooses strategy D
then player 1's best outcome of 14 comes from strategy A.
If Player 2 chooses strategy E
then player 1's best outcome of 20 comes from strategies A and B.
If Player 2 chooses to strategy F
then player 1's best outcome of 22 comes from strategy A.
Hence, the better off play of both player is as follow
- Player 1 plays strategy B
- Player 2 plays strategy C
Homebuyer programs provide access to down payment funds to help more families take advantage of these record low-interest rates now. 3. Helps offset FHA premiums and mortgage insurance. Over the years, FHA has been the primary place for many first-time homebuyers to get a low-cost, low down payment loan.
Explanations:
Required 1
Actual manufacturing overhead= $11000+20000+143000= $174000
Underapplied or overapplied overhead= Actual manufacturing overhead-Applied manufacturing overhead
= $174000-152000= $22000 underapplied
Required 2
Adjusted cost of goods sold= $342000+22000= $364000
Answer:
7.37%
Explanation:
First of we calculate Future value of coupon payments:
Annual Payment= 65
Interest = 6%
Time = 5 years
Present value = 0
Future value = 65 + 65 * (1.06) + 65 * (1.06)^2 + 65 * (1.06)^3 + 65 * (1.06)^4
Future value = 366.41
Now after 5 years the interest rate will become 7%, we will calculate present value of bond after 5 years:
Annual Payment= 65
Interest = 7%
Time = 15 years
Present value = 65/ (1.07) + 65/ (1.07)^2 + .......+ 65/(1.07)^15 + 1000/ (1.07)^15
Present value = 954.46
Total future value = 954.46 + 366.41 = 1,320.87
($925.50) * (1 + r)^5 = $1,320.87
r = 7.37%
