Beatrice would have earned $57.33 over a 6-year period if the interest had been compounded annually.
<h3><u>
What is interest?</u></h3>
- The fee paid for the privilege of borrowing money is called interest, and it is often stated as an annual percentage rate (APR).
- The compensation a lender or financial organisation receives for giving out money is called interest.
- The percentage of a stockholder's ownership in a corporation that is also referred to as interest.
- Simple and compound interest rates are the two basic types that can be used with loans.
- Simple interest is a predetermined percentage of the principal that was initially lent to the borrower that the borrower must pay in exchange for access to the funds.
Interest that is paid on a loan that includes both principal and compounding interest is known as compound interest. The second kind of interest is less typical than the first.
Now, calculating compound interest:
1430 (.05 × 6) + 1430 = 1859
1430 × 
= 1,916.33
1916.33 - 1859 = 57.33
Know more about interest with the help of the given link:
brainly.com/question/26457073
#SPJ4
Answer:
- Establishing a code of ethics
- Referring ethical dilemmas to an ethics committee
<u>Explanation:</u>
Consider, by establishing a code of ethics it allows corporations to prevent their employees from making excuses for any ethical violation. Furthermore, when referring ethical dilemmas to an ethics committee is made available to employees by corporations it allows their employees to easily get the right information about how to behave ethically.
Answer:
d.$11,500.
Explanation:
The cash register was bought for 12,000 and it has a useful life of 4 years which is equal to 48 months. So to calculate how much it would depreciate each month we would divide 12,000 by 48. 12,000/48= 250.
So in this case from April 1 to May 31 is 2 months which means that the cash register was used for 2 months and would be depreciated over the use of 2 months.
1 month deprecation = 250
2 month deprecation = 250*2= 500
The depreciation for 2 months is 500 and in order to find the book value at May 31 we will subtract the depreciation over 2 months from the original price.
12,000-500=11,500
<span>When artists pass away, the supply of their paintings most likely becomes collector's item or a memorabilia. These items are thought to be of high value or importance especially when the artist is associated to a specific event in the history. The items are sold at high prices or are kept in a museum.</span>
