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geniusboy [140]
3 years ago
6

An initial deposit of $5000 is put into an account that earns 4% interest, compounded annually. Each year, an additional deposit

of $5000 is added to the account. What is the value of the account after the tenth deposit if no withdrawals or additional deposits are made
Business
1 answer:
Ne4ueva [31]3 years ago
5 0

Answer:

$60,030.54

Explanation:

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When creditors use the _________, they apply the finance charge only to the amount owed after you've paid your bill each month.
zhuklara [117]

Answer:

Adjusted balance method.

Explanation:

Financial charges that are been summed up at the end of the last cycle of billing or their previous balances are seen to be calculated with this method. And also, it is used in calculation of the interest which are seen to be toppled or owed by people or customers that are seen to using the savings accounts.

A lot of financial institutes rely on the service or this method in the summation of their account holders month end balances.

5 0
3 years ago
If your parents withdraw $125,000 from a money market deposit account so they can put a down payment on a house,
Contact [7]

Answer:

M2 decreases and M1 increases.

Explanation:

M1 and M2 are measures of money.

M1 is the narrowest definition of money. It includes currency, travellers check, demand deposit and other checkable deposits.

M2 includes M1 , small denomination time deposit, money market deposit and other assets that can easily be changed into cash easily and at a very little cost.

M3 includes M2, large domination time deposit and less liquid assets.

If $125,000 is withdrawn from the money market funds ,m2 reduces because money market fund is a component of m2.

M1 increases because $125,000 is converted to cash.

I hope my answer helps you.

4 0
3 years ago
The night before you take an exam, you should
fgiga [73]
Wow thx!!! great tips
6 0
3 years ago
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More than 99% of all U.S. firms are classified as small businesses, and they employ about half of private workers. A small busin
V125BC [204]

Answer:

A

Explanation:

5 0
3 years ago
The board of directors declared cash dividends totaling $160,000 during the current year. The comparative balance sheet indicate
Nikitich [7]

Answer: $164,300

Explanation:

Cash payments to stockholders shows the total amount that the shareholders of a company got during the year. It includes the money owed to them at the start of the year in addition to cash paid during the year.

= Beginning dividends payable + Dividends for the year - Ending dividends

= 43,200 + 160,000 - 38,900

= $164,300

8 0
3 years ago
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