In business, mechanization is when computers and other complex technology are used to make investment decisions. However, mechanization relies heavily on algorithms and models. Hope this helped!
Answer: The formula for simple interest is I=PxRxT. The calculations for each is below.
Explanation: The formula for simple interest is Interest = Principal x Rate x Time. In order solve for each of these variables you need to plug each into the formula.
40,000 x .07 = $2,800
50,000 x .07 = $3,500
60,000 x .07 = $4,200
70,000 x .07 = $4,900
80,000 x .07 = $5,600
90,000 x .07 = $6,300
40,000 x .09 = $3,600
50,000 x .09 = $4,500
60,000 x .09 = $5,400
70,000 x .09 = $6,300
80,000 x 09 = $7,200
90,000 x .09 = $8,100
An analysis of unemployment rates in sweden can be described as an application of: <u>macroeconomics</u>
<h3>What is unemployment rates?</h3>
Unemployment rate can be defined as the percentage of people that are unemployed or percentage of people searching for job.
On the other hand macroeconomics tend to focus on the economy of a country when it comes to inflation rate, unemployment rate, government spending, national output among others.
Macroeconomies is important based on the fact that it is centre on how a country economies performance and growth is at a particular or specific period of time.
Therefore An analysis of unemployment rates in sweden can be described as an application of: <u>macroeconomics.</u>
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Answer and Explanation:
The journal entries are shown below
On Dec. 31, 2018
Interest receivable $600
To Interest income $600
(Being accrued interest earned is recorded)
On Dec. 31, 2018
Interest income $2,400
To Retained earnings $2,400
(Being the closing of interest income is recorded)
On Jan. 31, 2019
Cash $900
To Interest receivable $600
To Interest income $300
(Being cash receipt of interest is recorded)
A public school teacher most likely to have a pension plan.
<h3>What does a pension plan mean?</h3>
A pension plan is a type of employee benefits program created or maintained by an employer, an employee group (such a union), or both that offers retirement income or postpones income until the end of the covered employment period or beyond.
An employer must contribute to a fund that is set aside for a worker's future benefit in order to participate in a pension plan. When the worker retires, the earnings from the investments will provide income for the worker. The pool of cash is invested on the employee's behalf. In the U.S. private sector, traditional pension plans are getting harder to find.
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