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3 years ago

You need $76,000 in 11 years. If you can earn .43 percent per month, how much will you have to deposit today?

Business

1 answer:

ivolga24 [154]3 years ago

3 0

Answer:

$ 43,135.67

Explanation:

The amount required today is the present value of the future expected amount in 11 years computed using the present value formula below:

PV=FV/(1+r)^n*m

PV=the unknown present value

FV=$76,000

r=monthly interest rate=0.43%

n=number of years=11

m=number of months in 1 year=12

PV=$76,000/(1+0.43%)^(11*12)

PV=$76,000/(1+0.43%)^132

PV=$76,000/1.761883042

PV=$ 43,135.67

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Parietal, temporal

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The parietal association area is responsible for perceiving and attending to stimuli, and the temporal association area is responsible for identifying them.

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algol13

Answer:

c. Debit to Bank Credit Card Sales, debit to Credit Card Expense, and a credit to Sales

Explanation:

The journal entry is shown below:

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Answer:

Overhead absorption rate

= Overhead absorbed/Actual labour cost x 100

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3 years ago

You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 1.25 percent per year,

lana66690 [7]

Answer:

$793.70

Explanation:

The computation is shown below:

At introductory rate

The rate is 17.8% per year

And, in monthly, the rate would be

= 1.25% ÷ 12 months

= 1.4833%

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Amount after 6 month would be

= Balance × (1 + interest rate)^ time period

= $8,000 × (1 + 0.1042%)^6

= $8,050.15

The interest after 6 month is

= $8,050.15 - $8,000

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Now for increase rate to 17.8%

The rate is 17.8% per year

And, in monthly, the rate would be

= 17.8% ÷ 12 months

= 1.4833%

Time is 6 months

Amount after 6 month would be

= Balance × (1 + interest rate)^ time period

= $8,050.14 × (1 + 1.4833%)^6

= $8,793.70

The interest after 6 month is

= $8793.70 - $8,050.15

= $743.55

So, the total interest would be

= $50.15 + $743.55

= $793.70

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3 years ago

Refused Furniture. Selina arranges to sell furniture from her furniture store to Roland for $3,000. Roland was supposed to give

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4 years ago