Compound interest: FV = PV / (1+I)^N
Simple interest: FV = PV + (PV x I x N)
a. True
b. False
a. True
Explanation:
Compound interest
FV = PV / (1+I)^N
Simple interest
FV = PV + (PV x I x N)
All other variables held constant, investments paying simple interest have to pay significantly higher interest rates to earn the same amount of interest as an account earning compound interest.
a. True
All other factors being equal, both the simple interest and the compound interest methods will not generate the amount of earned interest by the end of the first year.
b. False
After the end of the second year and all other factors remaining equal, a future value based on compound interest will exceed a future value based on simple interest.
a. True
Answer:
An entity is an abstract category or grouping of things that share a common quality, and an instance, is a particular form or type of the entity.
In a barbershop, the main entities would be:
- Barbers
- Hair Cutting instruments
- Furniture
And some instances for each entity would be:
- Barber - Barber A, Barber B, Barber C, each representing a different person.
- Hair Cutting instruments - razors, blades, clips.
- Furniture - chairs, counter, mirrors, brooms, bulbs.
A mission statement is a short statement of an organization's purpose, identifying the scope of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation.[1][2] It may include a short statement of such fundamental matters as the organization's values or philosophies, a business's main competitive advantages, or a desired future state—the "vision".[1][3]
A mission is not simply a description of an organization by an external party, but an expression, made by its leaders, of their desires and intent for the organization. The purpose of a mission statement is to focus and direct the organization itself. It communicates primarily to the people who make up the organization—its members or employees—giving them a shared understanding of the organization's intended direction. Organizations normally do not change their mission statements over time, since they define their continuous, ongoing purpose and focus.<span>[4]</span>
The equilibrium rent is $1600 while the equilibrium quantity is 6800
When quantity demanded is equal to the quantity supplied, the market is said to be in equilibrium. The price at this point is equilibrium price. The quantity at at this point is equilibrium quantity.
In order to determine equilibrium price, equate the quantity demanded and quantity supplied equation
QD = QS
10,000 – 2P = 2,000 + 3P
Combine similar terms
10,000 - 2,000 = 3P + 2P
8000 = 5P
P = $1600
Substitute for monthly rent in the quantity demanded equation
10,000 - 2(1600)
10,000 - 3200
Equilibrium quantity = 6,800
A similar question was solved here: brainly.com/question/14746196?referrer=searchResults
Answer:
Transaction Amount Statement of cash-flow
Purchase of land 420000 Investing activities
Sale of land 110000 Investing activities
Loss on sale of land 45000 Operating activities
