Answer:
12.51%
Explanation:
after the first 6 years, you will have:
FV = PV (1 + r)ⁿ
FV = $8,500 (1 + 6%)⁶ = $12,057.41
If you need to have $19,320 in 4 years, then you must determine r:
$19,320 = $12,057.41 (1 + r)⁴
$19,320 / $12,057.41 = (1 + r)⁴
1.6023 = (1 + r)⁴
⁴√1.6023 = 1 + r
1.1251 = 1 + r
1.1251 - 1 = r
0.1251 = r
r = 12.51%
Answer:
Yes, it is very true: I don't know just trying
Answer:
determine the cost per CD for each group using tsv method
Answer:
1.prove the equality of the debit and credit amounts after posting.
Explanation:
There are two columns in the trial balance, called debit columns and columns of credit. The total columns of debit and credit should always equaled. The debit columns report assets and expenditures side while profits, stockholder equity, and the liability side are reported in the credit column.
Its main purpose to equate and the prove the both side of the columns after posting of transactions
