A Company purchased equipment for RO 50,000 with an estimated useful life of 20 years. At the end of the 10th year, company determined that the equipment would last only 5 more years. Does this revision affect depreciation calculated previously? Yes or no, justify your answer

Q: Your local credit union is offering a certificate of deposit at 5% annual interest. What will be the…

A: Your local credit union is offering a certificate of deposit at 5% annual interest. We need to find…

Q: Determine the value of an account after 10 years if a principal amount of 11000 was deposited with…

A:

Q: If you have been hired at an annual salary of $23000 and expect to recieve annual increases of 5%.…

A: Solution

Q: What is the final amount of P50,000.00 deposited in a bank that pays 5 ½ % in 165 days? (Hint: 1…

A: Solution

Q: On September 12, Jody Hansen went to Sunshine Bank to borrow $2,300 at 9% A.P.R.  Jody plans to…

A: Consider the equation

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: Given data: The principle (P) is $200 The time(T) is 10 years Rate of interest (R) is 6%   The…

Q: You failed to pay service tax payment which due last March. If you were subjected to pay 800 as a…

A: penalty paid = 800 service tax = 20% unpaid amount = x

Q: Determine the exact simple interest on P150 000 for the period June 25, 2005 to September 2, 2006,…

A: When the interest is simple, the formula that to be used is I=Prt, where I is the simple interest, P…

Q: Find ordinary and exact interest on P10 800 for five days at 8% simple interest

A: We need to find Ordinary and exact interest rate. We have given that , P = 10800 r = 8 % = 8100 =…

Q: A $500 bond matures in 25 years. What should you be willing to pay for the bond now if you want an…

A: To calculate the present amount of bond that is willing to pay if amount of bond is $500, the time…

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

A:

Q: Calculate the value gained from depositing 12 regular installments into a bank, as the amount of…

A: S = P × (([1 + i]n – 1) / i) × (1 + i). Here, S is the final amount of maturity. P is the amount…

Q: What is the simple interest on ₱12,500 at 8% for 9 months?

A: Formula for simple interest is as follows : I = P×R×T Where , P  is principal amount. R is Interest…

Q: Suppose $1687 are deposited in an account paying 8% annual interest for 12 years. If $5061 had been…

A: Given, Principal = p =  $ 1687  Rate of interest = r =  8 % Time period = n = 12 years

Q: present value of this $6000?

A: Given that  Promised to give money is $6000 = A Time period (t)  = 8 years  Interest rate (I)  = 6%…

Q: monthly. a. How much is the value of these 10 equal deposits after 9 months from today? b. If…

A: Deposited Amount 15000.00 Time period  9 Months Interest  7% value   after 10 months

Q: Convert 14% compounded quarterly to "r" compounded semi-anually, full solution please

A: Given question:- Convert 14% compounded quarterly to "r" compounded semi-anually (We can solve this…

Q: 85,000 is deposited in a saving account with 6.35% annual interest. When will be the initial sum…

A: To solve this problem, we can use the formula for compound interest:

Q: on 5 Depreciation: A new laptop costs $1,600. It is estimated that the laptop's value will decrease…

A:

Q: Keaton borrowed $950.00 on March 29 at a rate of interest of 7%. Determine the amount of interest he…

A: T

Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest. How…

A: Given, Future value (FV) = $800,000 Rate of interest (r) = 9% Time (t) = 30 years n = 12 ( months)…

Q: Perry took out a payday loan for $1350 that charged a $55 fee. If the loan matures in 1 week, what…

A:

Q: Suppose you want to accumulate 120,00 for your retirement in 30 years. Make a single deposit into an…

A:

Q: I will invest Nu. 500 per quarter for my retirement at 7.3% compounding quarterly for 32 years. I…

A: Given information Quarterly deposit P=$500 Annual interest rate  r=7.3% Period of paymentn=32 years…

Q: Suppose that a sum of money is invested at an annual interest rate of 4%. Determine the time, in…

A:

Q: For 10 years with total payments of $ 10000 per year, calculate the total amount accumulated after…

A: Consider the given information. Total payment per year. P=$10,000 Time period is defined as, n= 10…

Q: The Central Bank pays 3.6% compounded monthly on certain types of deposits. What is the effective…

A: The central bank pays 3.6% compounded monthly on certain types of deposits. We have to find the…

Q: 7

A:

Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A:

Q: Determine the total value of an investment of $4750 invested at 9.7% simple interest for 8.25 years.

A: