Answer:
r= .0901, or 9.01%
Explanation:
N=18, PV=73,000, FV=345,000, I=? 9
Therefore:
V = PV(1 +r)t
= (FV/PV)1/t– 1
r= ($345,000/$73,000)1/18– 1
r= .0901, or 9.01%
The annual rate of interest the person must earn on the investment to cover the cost of the child’s college education is 9.01%
If the scale of it were able to provide a more reliable
measure, it is expected that the score of the person in the scale would have
caused or resulted into a more relatively stable from his or her day to day
life or daily life.
Answer and Explanation:
The adjusting entry is as followS:
Rent expense $2,500
To Prepaid rent $2,500
(Being rent expense is recorded)
Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets
The rent for one month is
= $15,000 ÷ 6 months × 1 month
= $2,500
Cash balance plan is a retirement plan where workers are credited with a part of their pay annually and a predetermined rate of interest.
<h3><u>What is a Cash balance Plan?</u></h3>
A defined-benefit pension plan with a lifetime annuity option is referred to as a "cash balance pension plan."
<h3><u>What are some features of Cash balance plans?</u></h3>
- Based on defined-benefit needs, the financing caps, funding requirements, and investment risk are established.
- Like a defined-contribution plan, this type of plan is managed on an individual account basis.
- The advantage of these programs is that age-based contribution caps are available.
- Pretax contributions enable those 60 and older to save significantly more money each year than younger people.
You can learn more about defined pension plans work using the following link:
brainly.com/question/15241364
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Answer:
Hourly
Explanation:
Hourly because it says she's paid by the hour.
