Answer:
d, 700
Step-by-step explanation:
it's the only one that makes sense
Answer:
With monthly compounding, the bank will calculate interest on your account just once per month. It will not update your balance on a daily basis when it calculates how much interest it owes you. Assuming that the APR is the same, accounts with monthly compounding offer a lower APY than accounts with daily compounding.
One equation with 3 variables cannot be solved in the sense that you can find "the" 3 values for x, y and m. You can observe that this equation represents a family of straight lines with varying slope (depending on m).
Answer:
the present value of the lease obligation for lease A will be $1,702,712.74 while the present value of lease B will be $1,764,741.73
Step-by-step explanation:
the present value of annual lease payment will be determined by discounting the total amount to be received from lease payment over years.
for lease A , Pv = A 
= $200,000( 1 - (1+0.1)
) / 0.1 = $1,702,712.74
for lease B , Pv = $220,000( 1 - (1+0.1)
) / 0.1 = $1,764,741.73
the amount to be dicloased in the balance sheet at 31 december, 2018