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2 years ago

12

Today, you deposit $2,500 in a bank account that pays 3.6 percent simple interest. How much interest will you earn over the next

5 years

1 answer:

navik [9.2K]2 years ago

8 0

Answer:

$450

Explanation:

3.6% of $2,500=$90

90x5=450

Hope this helps!

Brainliest pls

Have a great day!

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Answer: $33788

Explanation:

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The amount that will be debited to the accounts receivable for the new partnership will be the difference between the balance of $35017 and the $1229 that is seen as been worthless.

= $35017 - $1229

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3 years ago

Consider a two-step mortgage for $150,000, 30 years, monthly payments, an initial interest rate of 5%, a cap of 5%, and a single

gladu [14]

Answer:

Consider the following calculations

Explanation:

This 2-step mortgage problem requires a 2-step solution.

To solve for the PMT for the last 23 years of the loan, we first need to know what the principal is at the end of the 7th year.

Thus, step I uses the initial info to solve for the PMT for each month of the first 7 years. N=360, I/Y=5(%)/12 = 0.416667(%), PV=150,000, => PMT = 805.

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In Step II we first determine the remaining balance at the end of year 7. This requires using the amortization worksheet.

On the TI BA II Plus, AMORT is the secondary function of PV.

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Answer:

Check the explanation

Explanation:

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1. 31.03.2020 Bank A/c Dr 2800000

To Equity Share Application A/c Cr 2800000

(Being Application Money received on Shares)

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To Share Capital A/c Cr 2000000

To Share Allotment A/c Cr 800000

(Being allotment made to shareholders)

3. 01.04.2020 Equity Share Allotment A/c 2000000

To Equity Share Capital A/c Cr 2000000

(Being allotment amount transfer to capital account)

4. 01.04.2020 Bank A/c Dr 1200000

To Equity Share Allotment A/c Cr 1200000

(Being Balance allotment amount received)

5. 01.04.2020 Share Issue Expenses A/c Dr 10000

To Bank A/c Cr 10000

(Being Share issue Expenses paid)

6. 30.06.2020 Bank A/c Dr 450000

To Share Capital A/c Cr 450000

(Being Right Share Issued)

7. 01.10.2020 Bank A/c Dr 250000

To Share Capital A/c Cr 250000

(Being Options given to shareholders)

8. 01.10.2020 Share Expenses A/c Dr. 50000

To Bank A/c Cr. 50000

(Being Option cost 50cents per share paid)

9. 30.11.2020 Interim Dividend A/c Dr 120000

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<span>strengths, weaknesses, opportunities and threats.</span>

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Explanation:

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