Answer:
In the Debit Column of your Expense Account
Explanation:
Answer:
$1,555.36
$1656.48
$2013.57
Explanation:
The formula for calculating future value = A (B / r)
B = [(1 + r)^ nm] - 1
FV = Future value
P = Present value
R =Monthly interest rate interest rate
N = number of years
1. 6% APR
$18[ (1 + 0.005)^72 - 1] / 0.005 = $1,555.36
2. 8% APR
$18[ (1 + 0,006667)^72 - 1] / 0.00667 = $1656.48
3. 14% APR
$18[ (1 + 0.011667)^72 - 1] / 0.011667= $2013.57
Answer:Option 3
Explanation:
The net export is Import less export.
In this question export isn’t in this question so the answer is $3billion
Answer:
A decrease in the interest rate would increase the present value of a lump sum.
Explanation:
Higher interest rate represents higher expected rate of return. Higher interest rate would lead to a greater future value if a sum of money is invested. Conversely the present value will be lower at high interest rate since the discounting rate would be higher.
Similarly, if the interest rates fall, the future value of an invested amount will fall. But present value of a lump sum would rise with fall in the interest rates since the discounting rate would be less.
Future Value =
Present Value =
Hence, a decrease in the interest rate would increase the present value of a lump sum with others variables remaining the same.
Answer:
$44,400
Explanation:
The computation of the balance of the cash account after posting of these transactions are shown below:
= Invested cash amount - cash paid for receptionist's salary + cash collection from sale of frame service
= $41,100 - $2,300 + $5,600
= $44,400
The other items do not involved any cash transactions. Therefore they are not relevant and thus they not considered in the computation part