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3 years ago

Determine which of the items below would show up on a monthly bank statement. (Check all that apply.)

Business

1 answer:

djverab [1.8K]3 years ago

7 0

Answer:

Deposits and other credits increasing the account during the period.

End-of-period balance in the account.

Beginning-of-period balance in the account.

Checks and other debits decreasing the account during the period.

Explanation:

A bank's monthly statement may be described as document showing transaction details which occurred on a bank account during a specified period of time. The monthly statement will include balance or amount in the account at the beginning of the period. The record of deposits and inflow of funds or credits in the account. The monthly statement will also include outflow, which are withdrawals and debits occurring on the account at the specified period of time. Also, the statement will include the balance at the end of the specified period of time.

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You are saving for retirement. To live comfortably, you decide you will need to save $ 4 million by the time you are 65. Today

olasank [31]

Answer: $50,846.3701

Explanation:

Need to save $4 million to live comfortably,

Interest rate, r = 3%

N = 40 years

$Present\ value=\frac{FV_{N} }{(1+i)^{N}}$

$Present\ value=\frac{4,000,000 }{(1+0.03)^{40}}$

$Present\ value=\frac{4,000,000 }{3.262}$

= 1,226,241.57

$Present\ value\ of\ annuity= C\times\frac{1}{i}\times(1-\frac{1}{(1+i)^{N}}) + C$

$1,226,241.57= C\times\frac{1}{0.03}\times(1-\frac{1}{(1.03)^{40}})+C$

$1,226,241.57=C[\frac{1}{0.03}\times(1-0.3065)+1]$

$1,226,241.57=24.1166\times C$

$C=\frac{1,226,241.57}{24.1166}$

= $50,846.3701

Hence, $50,846.3701 will be the annual payment to have $4 million in the account on 65th birthday.

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3 years ago

if, after reflecting on the nature of leadership you decide that all leaders must treat their followers with respect, then you h

Virty [35]

Answer:

Behavioral

Explanation:

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2 years ago

This year Randy paid $29,050 of interest on his residence. (Randy borrowed $464,000 to buy his residence, and it is currently wo

Luden [163]

Answer:

the last part of the question is missing, so I looked for it:

a. Randy received $2,200 of interest this year and no other investment income or expenses. His AGI is $75,000.

b. Randy had no investment income this year, and his AGI is $75,000.

a) Randy can deduct $31,575:

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b) Randy can deduct $29,050

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3 years ago

List the professional skills categories required for kinesiology practitioners to be successful

KatRina [158]

To be succesful, kinesiology practicioners need to:

- Master all the knowledge regarding human body and how they operate
- the ability to build relationship with other people so they could trust you as a client.
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3 years ago

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bearhunter [10]

Answer: 1. 5 buses 2. 15%

Explanation:

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3 years ago