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lozanna [386]
2 years ago
15

2. Three years ago, Shawheen deposited $5,000 in a savings account. Today, the account is worth

Business
1 answer:
AnnyKZ [126]2 years ago
4 0

The amount of money Shawheen deposited in his savings account increased in value because of the interest rate his account earns.

The initial deposit might have a higher purchasing power because of inflation.

When money is deposited in a savings account, the amount of money earns interest.

The value of the interest rate can be determined using this formula: interest earned / (time x amount deposited)

Interest earned = $$5,306.04 - $5,000 = $306.04

Interest rate = $306.04 / (3 x $5000) = 2.04%

Inflation is the persistent rise in the general price levels. Inflation reduces the purchasing power of money.

To learn more about inflation, please check: brainly.com/question/18072639

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Answer:

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Explanation:

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Bad debt expense   114,000

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Provision for bad accounts           82,000

                   114,000   114,000

4 0
3 years ago
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3 years ago
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valina [46]

Answer:

The correct answer is A

Explanation:

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So, when the money or amount of money is paid if the change of ownership in the life insurance policy happen or occur, then it is usually known as the transfer of the value.

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zvonat [6]

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Explanation:

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sounds great, right?

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3 0
3 years ago
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marusya05 [52]

Answer:

Variable-ratio

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