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klasskru [66]
3 years ago
9

g Your savings account earns 1.72% interest. You have $3,000 left over from an internship that you will put into the saving acco

unt. There is currently no money in the account :( How many years is it until there is $3,756 in the account?
Business
1 answer:
bekas [8.4K]3 years ago
4 0

Answer:

It will take 13 years and 66 days

Explanation:

Giving the following information:

Your savings account earns 1.72% interest.

Present value= $3,000

Final value= $3,756

To calculate the number of years, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)

n= ln(3,756/3,000) / ln(1.0172)

n= 13.18 years

To be more specific= 365*0.18= 66

It will take 13 years and 66 days

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The Assembly Department shows the following information: Beginning Work in Process Ending Work in Process Units Transferred Out
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Answer:

a) 75600.

Explanation:

Given;

Beginning Work in Process =  19900  

Ending Work in Process = 65300

Units Transferred Out Units = 30200

Total units are to be accounted=  x

19900 - 30200 + x = 65300

x = 65300 - 19900 + 30200

x = 75,600

4 0
3 years ago
Between which two years was the greatest percentage decrease in gdp per
Alecsey [184]

the diffrence bewteen 2 and one it comes and goes like days

4 0
3 years ago
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Midas improved its service quality by having customers make videos of themselves as they made car service appointments. This is
oksian1 [2.3K]

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Hope this helps!  :)

7 0
3 years ago
Fun Vehicles, Inc. makes beach buggies on an assembly line. The total productive time to make one buggy is 300 seconds. The curr
zimovet [89]

Answer: Greater than 12% but less than 18%.

Explanation:

Total productive time, p is given as:

= 300 seconds

Cycle time, c = 90 seconds

The number of workstations, n is given as = 4

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= [p/(n x c)] x 100

= [300/(4 x 90)] x 100

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Balance delay = 100 - Line efficiency

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5 0
3 years ago
A company has among its long-term debt, a bond due in 2015 that carries a face interest rate of 4.65 percent and pays interest a
drek231 [11]

Answer:

A company with long-term debt

A. True/false questions:  

1. __TRUE___ The current market rate of interest on this bond is less than 4.65 percent. __FALSE___ The current market rate of the bond affects the amount that the company pays in annual interest. _FALSE____ The current market rate of interest affects the amount of interest expense for the current year.

B. The appropriate multiple choice response:

2. The current market rate of interest on this bond is less than 4.65 percent.

Explanation:

Since the bond is being sold on the New York Bond Exchange at 103.39, it implies that it is selling at a premium.  Therefore, the effective interest rate will be less than the face interest rate of 4.65%.  This is the reason for the bond to be selling at a premium.  That is, it is selling above the face value of 100 per bond.  Conversely, when a bond sells at a discount, say 98 per bond, the effective interest rate will be higher than the face interest rate.  The face interest rate is the stated interest rate while the effective interest rate is the market rate.

8 0
3 years ago
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