That is true, was that your question? :)
The correct answer is routine problem solving. Routine
problem solving is being defined as having to associate at least one arithmetic
operations or even a ratio in regards to solving problems that are likely to be
practical in nature or in the environment.
Answer:
Luana will save $2,493.522
Explanation:
Given:
Luana will deposit $570 every year for 4 years. This is an annuity as same amount is deposited every year.
Rate is 6% or 0.06
We have to compute Luana's savings at the end of 4th year.
Refer future value of annuity factor table at 6%, 4th year. Annuity factor is 4.3746.
Savings = Yearly deposit × Annuity factor
= 570 × 4.3746
= $2,493.522
Therefore, Luana will save $2,493.522 by the end of 4 years.
9% of annual rate of interest will she be earning on her investment .The price of borrowing money is reflected in the interest rate on a credit card.
<h3>What is annual rate interest ?</h3>
The price of borrowing money is reflected in the interest rate on a credit card. We utilize the annual percentage rate for this (APR). On the majority of credit cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.
The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, mortgage loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge.
To learn more about annual rate of interest refer to:
brainly.com/question/15728540
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Answer:
Deposits in transit
Explanation:
A company's deposit in transit is the currency and customers' checks that have been received and are rightfully reported as cash on the date received, and the amount will not appear on the company's bank statement until a later date. A deposit in transit is also known as an outstanding deposit.
When there is a deposit in transit, the amount should be listed on the company's bank reconciliation as an addition to the balance per bank.
