Answer:
Adjusted balance method.
Explanation:
Financial charges that are been summed up at the end of the last cycle of billing or their previous balances are seen to be calculated with this method. And also, it is used in calculation of the interest which are seen to be toppled or owed by people or customers that are seen to using the savings accounts.
A lot of financial institutes rely on the service or this method in the summation of their account holders month end balances.
Answer:
The future value of annual savings is $1,370.30
Explanation:
The amount of annual savings =(Shaan's premium +Anita's premium)*10%
Shann's premium is $790
Anita's premium is $645
Annual savings =($790+$645)*10%
=$143.5
The future value formula is given below:
=-fv(rate,nper,pmt,-pv)
rate is 5% annual interest rate
nper is the 8 years that is the duration of investment
pmt is the annual savings of $143.5
pv is the total amount invested now which is zero
=-fv(5%,8,143.5,0)
fv=$ 1,370.30
Answer:
idk, just go for it if its wut u want
Explanation:
Solution:
The reserve ratio is 10%.
Money multiplier = 
= 
= 10.
So, the money multiplier increases by 10.
Money supply = amount x money multiplier = 1,000 x 10 = 10000
Therefore, because any certain items are equivalent, the rise in the currency supply is 10000 dollars.
When the FED sells 1,000 million worth of debt, this would further increase the monetary market, as the investments are fresh funds and the income from the bank is now used in the money supply.
Answer:
The gain on retirement = $4,600
Explanation:
The gain or loss on retirement = Carrying Value of the Bonds - Call price of the Bonds
The gain or loss on retirement = $111,100 - $106,500
The gain on retirement = $4,600
Note: Par value will not be taken for the calculation of the above
