Answer:
difference = $12093.38
Explanation:
given data
adds 1st day in saving account = $1,500
adds last day in saving account = $1,500
annual interest = 6.5 %
time = 35 year
to find out
difference in their savings account balances
solution
we get there first Theresa future value that is
future value 1 = present value × 
....1
future value 1 = $1500 × 
future value 1 = $186052.04
and
future value 2 = present value × × (1+rate) .........2
future value 2 = $1500 × × (1+0.065)
future value 2 = $198145.42
so that here difference is
Difference = $198145.42 - $186052.04
difference = $12093.38
Answer:
2.56 years
Explanation:
Payback period calculates the amount of time it takes to recover the amount invested in a project from its cumulative cash flows.
payback period = amount invested / cash flows
cash flows = $510,000 - $360,000 = $150,000
$384,000 / $150,000 = 2.56 years
Answer:
She owes 4500 because she leased the apartment for 1 year and her yearly total would be 6,000 but since she left after three months the amount she paid was 1,500 and 6,000 - 1,500 is 4,500 that is how much she owes.
Explanation:
I hope this helped have a great day!
Answer:
To minimize risk, investors should investigate the market and diversify its portfolio.
Interest that builds on the principle and the interest already gained is compound interest
Money invested in a CD
always have a fixed rate of return and is less risky than money used to purchase a home.
Answer: $184.34
Bess issued four checks with amounts $175.17, $175.53, $175.35,and $184.34. With the total amount she issued, she expected her balance based on her cash register to be $869.96, but as per bank statement, her balance is $1054.13.
To get the amount of check which is not cleared yet, we have to deduct the balance in the cash check register from that of the bank statement:
$1054.13-$869.96 =184.17
$184.34 is the best answer because it is the last he wrote and the discrepancy of 0.17 may be due to some bank charges Bess had not recorded.
