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dimulka [17.4K]
3 years ago
15

A sum of $6,500 deposited in an account grows to $8,000 in 9 years. Assuming annual compounding, what interest rate is being pai

d
Business
1 answer:
earnstyle [38]3 years ago
8 0

Answer:

The interest rate would be 2.33%, bringing the total after 9 years to $8,000.06

Explanation:

The final balance would be $8,000.06 and a total compound interest of $1,500.06

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The Fair Credit Reporting Act, or Title VI of the Consumer Credit Protection Act of 1968, requires that lenders do all of the fo
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Answer:

Give consumers copies of their credit reports.

Explanation:

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The Fair Credit Reporting Act, or Title VI of the Consumer Credit Protection Act of 1968 is a federal law of the United States of America that was enacted by the 91st US Congress and signed into law by President Richard Nixon on the 26th of October, 1970.

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3 years ago
Which of the following definitions describes the term electroncution
irina1246 [14]
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In order for the economy to be strong, individuals must?
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4 0
3 years ago
Record the entry to close the income summary assuming the partners agree to use plan c and net income is $460,500
slava [35]

The entry is record in book as

Date Particular                L.F.     Dr. Amt.        Cr. Amt.

Income summary a/c             $460,500  

To Mo a/c                                          $69,300

To Lu a/c                                          $269,500

To Barb a/c                                          $431,200

What is net income?

The total amount of firm profit after deducting all taxes, costs, and interest is referred to as "net income."

Particulars                 Mo           Lu                 Barb

Capital invested        $69,300    $269,500  $431,200

Profit sharing ratio 20/100   40/100         40/100

Profit ($460,500)         92100    184200 184200

As a result,  Mo is  92100;  Lu is 184200; Barb is 184200 as profit.

Learn more about on net income, here:

brainly.com/question/15570931

#SPJ 1

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2 years ago
Marketers segment broad markets into smaller target segments based on a variety of _____.
scZoUnD [109]
<span>Market segmentation is the process of dividing a larger market into smaller groups (segments). </span><span>Marketers segment broad markets into smaller target segments based on a variety of</span> based on meaningfully shared characteristics.
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