The worth of investment in 18 years will be $1,096.96 after adding $736.96 of the interest amount compounded quarterly.
Computation:
Given,
Principal amount =$360
Interest rate =4%
Time period =18 years
The formula used to determine the compound interest amount is:
Substituting the values in the formula:
Therefore, the correct answer for the worth of investment is $736.96.
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Answer:
Option "D" is the correct answer to the following statement.
Explanation:
In the process of EMI based purchase or loan, higher you pay the higher times you paid.
In the EMI process, if we make more payment or installment we have to pay more interest, it is a huge disadvantage of EMI based Loan.
Similarly, if we regularly pay a low payment every time this payment method will harm our credit-ability score.
So, Option "D" is the correct answer.
The correct answer is d, public goods.
The definition of a public good is a good or service that is nonrivalrous and nonexclusive. This means that individuals cannot be excluded from the use of the good or it can be enjoyed without paying for it, and use by one individual does not prevent others from using it.
Answer:
d. None of the above
Explanation:
if the marginal propensity to consume = 0.80, the Keynesian's multiplier = 1 / (1 - MPC) = 1 / (1 - 0.8) = 1 / 0.2 = 5
that means that if Congress wants to decrease real GDP by $100 billion and the Keynesian's multiplier is 5, then it should raise taxes by $20 billion. This way -$20 billion (taxes take away money from the economy) x 5 = -$100 billion.
Answer:
The journal entries are shown below:
Explanation:
The journal entries are shown below:
On July 15
Purchases (2,100 × $40) $84,000
To Accounts Payable $84,000
(Being the purchase is recorded)
On July 23
Account payable $84,000
To Purchase discount $2,520 ($84,000 × 3%)
To Cash $81,480
(Being the payment is recorded)
On August 15
Account payable $84,000
To cash $84,000
(Being the payment is recorded)