Answer:
True
Explanation:
The main advantage of a compound interest account is that the interest that you earn also earns interest, so the total amount of earned interest increases.
For example, a $10,000 account earning simple interest at a 4% rate will earn $4,000 in ten years. While the same amount in a compound interest account will earn $4,802.
Answer:
Time period will be 5.28 year
Explanation:
We have given rate of interest r = 14 % = 0.14
Let the principal amount is P
It is given that amount will be double
So future value A = 2 P
Let the time period is n
We know that future value is given by
Taking log both side
n = 5.289 year
Answer:
$557,000
Explanation:
Operating activities: It includes those transactions which affect the working capital. It means that the increase in current assets and a decrease in current liabilities would be deducted and a Decrease in current assets and an increase in current liabilities would be added.
The computation is shown below:
= Income reported on the income statement + decrease in account receivable
= $539,000 + $18,000
= $557,000
The decrease in account receivable
= $142,000 in beginning of the year - $124,000 in end of the year
= $18,000
Humid tropical regions generally have only a small variation in temperature throughout the year compared to other climatic regions for the main reason that "T<span>he location of this climatic region is limited to an area where the solar radiation does not vary significantly since it is directly exposed to the sun."</span>