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2 years ago

Find the interest due on $700 at 10.5% for 90 days.. 19.11. 18.38

1 answer:

8 0

To answer the question, I assume that the given interest is annual and simple interest. The interest acquired by the investment in simple interest is given by the equation,
I = P x i x n
where I is interest, P is present worth, i is rate and n is number of interest period. Assuming that a year is 360 days,
I = ($700) x (0.105) x (90/360)
The answer is 18.375. Therefore, the interest due is approximately equal to $18.38.

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Suppose that in a certain community, 40% of the residents would answer "yes" to the question, "do you know the names of at least

juin [17]

Answer:

The proportion of people in your sample whose response is yes=40 people

Explanation:

Step 1: Determine the statistical proportion that will say yes

Proportion=40%=40/100=0.4

Step 2: Determine the proportion in the sample that will say yes

The proportion in the sample can be expressed as;

P=S×Z

where;

P=proportion in the sample

S=statistical proportion

Z=sample size

In our case;

P=unknown to be determined

S=40%=40/100=0.4

Z=100

replacing;

Proportion in the sample=0.4×100=40

The proportion of people in your sample whose response is yes=40 people

7 0

3 years ago

Ace Leasing acquires equipment and leases it to customers under long-term sales-type leases. Ace earns interest under these arra

sladkih [1.3K]

Answer:

$143,750

Explanation:

We have to first calculate the present value of the bargain purchase option:

PV = $200,000 / (1 + 6%)⁵ = $149,451.63

net lease amount = $790,000 - $149,452 = $640,548

PVIF Annuity due, 6%, 5 payments = 4.546

Annual payment = $640,548 / 4.456 = $143,750

3 0

2 years ago

Holly and matt want to use the "nonworking" spouse method to determine the amount of life insurance coverage they need. if their

Maksim231197 [3]

The best answer for this question would be:

$150,000

Because in the method of the “non-working” spouse method, they are given a calculation of (18 - youngest child's age) × $10,000 (18 being the legal age)

Resulting that the solution would be:

(18 - 3) × $10,000 = $150,000

8 0

3 years ago

On January 1, 2020, NoDice Corporation issues $540,000, 5-year, 12% bonds for $529,000. Interest is paid semiannually on January

Svet_ta [14]

Answer:

Dr Interest expense $33,500

Cr Discount on bonds payable $1,100

Cr Cash $32,400

Explanation:

Discount on bonds payable=$540,000-$529,000=$11,000

Amortization of discount=discount on bonds issue/period of the bond

period to maturity of the bond is 5 years *2 =10 since the bond pays interest semi-annually

Amortization =$11,000/10=$1,100

Semi-annual interest=$540,000*12%/2=$32,400

the bond semi-annual interest expense=discount amortization+interest payment

the bond semi-annual interest expense=$32,400+$1,100=$33,500

5 0

2 years ago

What did surprise you in personalities

hjlf

Personalities

Personalities all vary from person to person. Depending on what the persons backround is and what theyve seen and gone through there personalities differentiate from each other.

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3 years ago