Answer:
The correct answer is A. Both Laura and Cassie are correct.
Explanation:
Since Laura says that the present value of $ 700 to be received one year from today if the interest rate is 6 percent is less than the present value of $ 700 to be received two years from today if the interest rate is 3 percent, and Cassie says that $ 700 saved for one year at 6 percent interest has a smaller future value than $ 700 saved for two years at 3 percent interest, to determine who is right, the following calculations must be performed:
700 x 1.06 = 742
700 x 1.03 ^ 2 = 742.63
Therefore, both Laura and Cassie are correct in their claims.
Answer:
Interest expense accured = $121.33 (
Explanation:
The exact number of days from July 2 through December 31, 2013 is 182 days.
The accrued interest (182/360) x $4,000 x 6% = $121.33
The answer is "trade barriers"
They make laws to regulate the economy. Hope this helps :)
Answer:
<em>Manufacturing Business</em>
Explanation:
A manufacturing business is any<em> business that assembles finished products using raw materials, parts, and components. </em>
Manufacturing companies often use machines, robots, computers, and people to manufacture the products and usually use an assembly line that allows a product to be produced step by step, going from one workstation to another.
