Pete plans to pay off Lynn on the give-up of 9 years with 4% interest compounded semiannually=$116,815.96.
A = P(1 + r/100)t
A=59000(1+0.1/2)^(2*7)
=$59000*1.979931599
interest compounded =$116,815.96
Compounding hobby semiannually method that the fundamental of a loan or investment at the start of the compounding period, in this case, every six months, consists of the entire hobby from every preceding period.
Semiannual means an event that happens twice a year, every six months. In business surroundings, semiannual is something that is recurring like payments or an interest fee.
If you want to calculate what your investments may be really worth primarily based on returns that compound semiannually, first, divide the yearly fee of going back by way of 100 to convert it to a decimal. 2nd, divide the once-a-year price as a decimal by way of 2 to transform it into a semiannual fee for going back.
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<span>One part of Henry Clay's proposed American system to bring about economic improvement included support for a high tariff, the intent of which was to protect American industries while also generating revenue for the federal government.</span>
The answer to the given situation is "the result of this oversight is that the liabilities are understated".
We can define understated as if someone say to you that your account is understated, it means that either the amount is incorrect or the amount is too small or it is less than the actual or true amount. In the given case the entry was not made due the understatement of liabilities.
The term <u>price taker</u> refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product. Read below about a perfectly competitive market.
<h3>What is a perfectly competitive market?</h3>
In economics, a perfect market is also known as an atomistic market. A effect competition is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition.
Therefore, in such a market the price taker must take the prevailing market price its product.
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Answer:
See below
Explanation:
Computation of Cash flow
Net cash provided by operating activities
$140,000
Less:
Net cash used for investing activities
($86,000)
Less:
Net cash provided by financing activities
(64,000)
Ending cash balance
($10,000)
Therefore, Lee would expect free cash flow of ($10,000) for 2024.
