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ELEN [110]
3 years ago
9

What is one good strategy to use when balancing a checkbook? A. Call the bank immediately if the balance in the check register d

oes not match the balance shown on the monthly statement. B. Replace the balance in the check register with the balance shown on the monthly statement. C. Round the entries to the nearest dollar in order to minimize math errors. D. Compare the monthly bank statement to the check register.
Business
1 answer:
Agata [3.3K]3 years ago
7 0
D. Compare the monthly bank statement to the check register.
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If Jane Key invests $18,527.74 now and she will receive $40,000 at the end of 10 years, what annual rate of interest will she be
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C. 8%

Explanation:

Future value factor:

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At 8% for 10 years the future value factor is 0.4631935

Note: Proof of calculation is attached below as picture

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<h3>What are Checkable Deposits?</h3>

Any demand deposit account for which checks or drafts of any sort may be drawn is referred to as having checkable deposits in the technical sense. (The owner of a demand deposit account has the right to immediately, notice fewer withdrawals of funds.) The most liquid accounts available to consumers are checkable deposit accounts.

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Learn more about Checkable Deposits, here:

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