Answer: $3,580.30 (converted to 2decimal places).
Antwone need to deposit " $3,580.30008” into the account each semi-annual period in order to take his vacation in 2 years
Explanation:
By using compound interest formula below to solve the question
A = p ( 1 + r/n)^nt
A = amount (future value)= $3,800
P = principal (present value) ?
r = annual nominal rate = 3%= 0.03
n = today number of compounding years = semiannually (2 interest payments period in a year) = 2
t = time in years =2
3,800 = p ( 1 + 0.03/2)^2(2)
3,800 = p ( 1 + 0.015 )^4
3,800 = p ( 1.015 ) ^4
3,800 = 1.06136355 p
divide both sides by 1.06136355
p = 3,800 / 1.06136355
p = $3,580.30008
≈$3,580.30 ( rounded off to 2d.p)
Answer:
$49,000
Explanation:
Missing<em>"Cash Event => Cash Paid for Salaries Second Number => _____ __?___, ______ ______ ______"</em>
<em />
Cash paid for salaries (using direct method)
Particulars Amount
Opening salaries payable $5,000
Add: Salaries expense for the current year $57,000
Less: Closing salaries payable <u>$13,000</u>
Cash paid for salaries during current year <u>$49,000</u>
I think it's 3 (The healthcare field will create new jobs because more people will need care)
I hope it helped you!
Answer:
Owner owes Builder : B. $2,000.
Explanation:
A Liability is the present obligation of the entity, that arises as a result of past events, the settlement of which is expected to result in a cash outflow from the entity.
Initially, the Owners owes the Builder $,1500
For the fence to be completed on time, an addition of $500 was owed, upon the owner accepting this arrangement.
Thus, the total obligation owing to the Builder is $2,000.
Answer:
The proportion of each payment that represents interest versus repayment of principal would be higher if the interest rate were higher
Explanation:
Amount of interest component in a loan instalment will be higher as compared with principal amount in the initial period of repayment . As period lapses , interest amount reduces progressively and principal amount increases . When the tenure of loan is increased , proportion of interest increases in an instalment .
