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AveGali [126]
3 years ago
8

Interest earnings of 4 percent with a $450 minimum balance; average monthly balance, $600; monthly service charge of $20 for fal

ling below the minimum balance, which occurs five times a year (no interest earned in these months). (Do not round intermediate calculations. Round your answer to 2 decimal places. Input the amount as a positive value.)
Business
1 answer:
Ray Of Light [21]3 years ago
7 0

Answer:

$86

Explanation:

Missing word <em>"What could be the net annual cost"</em>

<em />

Monthly fee = $20

Interest rate = 4% = 0.04

Average monthly balance = $600

Net annual cost = $20*5 - 0.04*$600*7/12

Net annual cost = $100 - $14

Net annual cost = $86

So, the net annual cost of this account is $86.

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Answer:

list of products where manufacturer and Marketer are different.​

Explanation:

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3 years ago
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Suppose that an appraiser has come to the following conclusions in evaluating the subject property. Due to the dramatic shift in
JulsSmile [24]

Answer:

A

Explanation:

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7 0
3 years ago
On January 1, 2018, UML Company leased a machine to UMB Corporation. The lease qualifies as a sales-type lease. UML paid $240,00
nexus9112 [7]

Answer:

Date                     Account Title                                    Debit                Credit

Dec 11, 2018         Interest receivable                        $20,600

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The interest receivable on December 31, 2018 would be based on the lease amount at the end of the year which will be the present value of the lease less the lease amount paid for the year:

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hope this helps
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3 years ago
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