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Arlecino [84]
3 years ago
14

You plan to Invest $350 in a growth fund that has a rate of 1.5% compounded quarterly.

Mathematics
1 answer:
Likurg_2 [28]3 years ago
3 0

<u><em>hii! how are you? hope you're having a good day! (: i wish you the best. <3 stay strong and stay safe! x</em></u>

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Vanderbilt Corporation, which utilizes a calendar year as its fiscal year, is the payee on a $12,000, 7%, 8-month note receivabl
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Given:
Payee: Vanderbilt Corporation
Notes Receivable from Stanford Company
<span>$12,000, 7%, 8-month 
                               
                                         Debit             Credit

October 1, 2016
Notes Receivable            12,000 
           Cash                                           12,000
*to record notes receivable from Stanford Company

December 31, 2016
Interest Receivable               560
           Interest Income                                560

12,000 * 7% * 8/12 = 560
*to recognize interest earned but not yet received

June 1, 2017
Cash                                  12,560
          Notes Receivable                        12,000
          Interest Receivable                           560
*to recognize full payment on note.</span>
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3 years ago
Writing and Solving Exponential Equations:
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