Based on the amount saved monthly and the simple interest earned in 3 years, the amount in savings would be<u> $1,055.10.</u>
The amount saved for the year would be:
= 83.42 x 12 months
= $1,001.04
If this amount was saved at simple interest at 1.8% per year, the amount in 3 years would be:
<em>= Amount + ( Amount x rate x number of years)</em>
= 1,001.04 + (1,001.04 x 1.8% x 3)
= $1,055.10
In conclusion, the account would have $1,055.10
<em>Find out more on simple interest at brainly.com/question/2294792. </em>
A group of such computers - which get interconnected in order to share information or documents are usually called a computer network.
This is a common type of networking when working in large companies or businesses.
The Securities and Exchange Commission was a New Deal program designed to regulate stock market.
<h3><u>
Explanation:</u></h3>
The place where the trading of the public listed companies takes place refers to the stock market. This is a method that is used by the companies to raise the capital. Those companies that wishes to raise capital would be offering the shares to the public in general as an initial public offering. This is the place of meeting of the stock sellers and buyers.
The buyers of the stock market will try to get stocks at a reduced rate so that they can sell that for profits at later stages. The stocks can be considered as a smaller portion of ownership that a buyer can enjoy in a public company. A new deal program that is being designed for the regulation of the stock market is the Securities and Exchange Commission.
Answer:A) one year
Explanation: The unbiased expectations theory, also known as the expectation theory aims to estimate how much the short term interest rates will amount to in future. This is based on long term interest rates. Forward rates are used to predict the value of interests in the future based on the values calculated today. A maturity of 1 year has the lowest interest rate because it is not given enough time to grow. Interest rates tend to grow better over a longer period of time. Therefore in terms of expectation theory the longer the maturity the better the chances of interest rate growth.
Answer:
Closing retained earning is $414,540
Explanation:
The Retained Earnings figure can be calculated using the following equation:
Closing Retained Earnings = Opening Retained Earnings + (Sales - Expenses - Dividends)
Here
Opening balance of Retained Earning is $397,620
Revenues is $56,400
Expenses are $33,840
Dividends paid are $5,640
The purchased equipment is not considered here because it is increase in asset not an increase or decrease in revenue or expenses. So it is not considered here.
So by putting values, we have:
Closing Retained Earnings = $397,620 + ($56,400 - $33,840 - $5,640)
Closing Retained Earnings = $414,540
