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olga_2 [115]
2 years ago
14

If you borrow $1500 with a compounding interest rate of 8% for 2 years, that compounds semi-annually. How much will you pay back

in total at the end of 2 years
Business
1 answer:
mestny [16]2 years ago
4 0

Answer:

1740

Explanation:

1500(1+\frac{8}{100})^2

1500*(\frac{27}{25})^2

= 1749.6

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which of the following is an example of resourcefulness? A. waiting to take action until you have more resources. B. asking your
Helga [31]
C is the 100% correct answer but D seems a little corect as well.
5 0
3 years ago
Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases
Murljashka [212]

Answer:

The difference is $612

Explanation:

By using the Periodic inventory system Fulbright Corp. calculates its Cost of Sales and Inventory at the end of a certain period. In this case at year end.

FIFO

FIFO assumes that the units to arrive first will be sold first. Meaning inventory will be valued using recent prices.

FIFO inventory = 36 units x $122 = $4,392

LIFO

LIFO assumes that the units to arrive last will be sold first. Meaning that the inventory will be valued using earliest (old) prices.

LIFO inventory = 36 units x $139 = $5,004

Conclusion

Difference = LIFO inventory - FIFO inventory

                  = $5,004 - $4,392

                  = $612

3 0
3 years ago
Jose's Pizza Parlor, Inc., recently acquired controlling interest in Mariana's Pizza Parlor, Inc. This acquisition is called:
deff fn [24]
(D) Horizontal merge
4 0
2 years ago
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $81,400.
ivann1987 [24]

Answer:

$7,326

Explanation:

Double Decline Balance = 2 x SLDP x SLDBV

where,

SLDP = Straight Line Depreciation Percentage

          = 100 ÷ useful life

          = 100 ÷ 20

          = 5 %

and

SLDBV = Straight Line Percentage Book Value

Year 1

Double Decline Balance = 2 x 5% x $81,400

                                           = $8,140

Year 2

Double Decline Balance = 2 x 5% x ($81,400 - $8,140)

                                           = $7,326

Therefore

The machine's second-year depreciation using the double-declining balance method is $7,326.

4 0
3 years ago
The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods
Setler79 [48]

Answer:

A) true

Explanation:

Compound interest can be regarded as

adding of interest gotten to the principal sum of a deposit or the principal sum of a loan. It's one that is gotten after reinvesting of ones interest instead of paying it out, as a result of this the interest that comes in

next period will be earned on the principal sum along with those interests accumulated before. It should be noted the process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods.

6 0
3 years ago
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