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Anni [7]
2 years ago
8

You deposit $1,800 at the end of each year into an account paying 10.6 percent interest.

Business
1 answer:
MAVERICK [17]2 years ago
6 0

Answer:

4852.80

Explanation:

1800×10.6%= 190.80 / year

190.80 × 16 years = 3052.80

3052.80 + 1800=

4852.80

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Suppose a State of Nevada bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 5.5%, h
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$651.60

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Present value = cash flow / (1 + r)^n

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3 years ago
Marmol Corporation uses the allowance method for bad debts. During year 1, Marmol charged $30,000 to bad debt expense, and wrote
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3 years ago
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