Jerry invested $10,000 in two mutual funds. Fund A earned 6% profit during the first year, and Fund B earned 2% profit.  If he received a total of $474 profit, how much had he invested in each mutual fund?

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A: "Notes Payable" refers to a liability account that represents the amount owed by a company or an…

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A: Cash Management refers to make number and amount of withdrawals efficiently to make opportunity cost…

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A:

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A: Investment decision refers to the decisions taken by either potential investors or existing…

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A: The bank generally provides compounded interest, which means the interest is earned on interest. The…

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A: In add on method we simply add interest for given period and add to that with principal amount.

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A: Budgeting is the summary of all the Expenses and income over the particular period of time based…

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A: Net Present Value (NPV) is a financial concept widely used in investment analysis and capital…

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A: To compute the number of pupil required to earn a profit of $5,000, Fixed and the variable cost is…

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A: The Annual percentage rate(APR) is the percentage rate that shows the interest rate calculates on…

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A: The payback period is simply calculated as ratio of initial cost and periodical cash flow

Q: Blake bought a new car and financed $⁢15,000 to make the purchase. He financed the car for 48 months…

A: MONTHLY PAYMENT FORMULA: PMT=P×rm1-1+rm-nwhere,p = loan amountr = APRm = frequency of compoundingn =…

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A: Loan amount (PV) = $ 25000 Interest rate = 5.5% Monthly interest rate (r) =…

Q: Megan Berry, a freshman horticulture major at the University of Minnesota, has some financial…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

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A: Annual depreciation = (Cost-salvage value)/life years = (175000-20000)/6 = $25,833.33

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A: Loans are paid back in fixed periodic payments.   The amount of the periodic payments depends on the…

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A: The return on investment (ROI) is a financial metric that helps to measure the efficiency of an…

Q: Journal Entry for this   12    Applied for a P2,500,000 business loan from a bank by mortgaging…

A: A Journal entry is passed in order to record an accounting transaction of a business where for every…

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A: Down payment is the amount to be paid by the buyer of the home that is cash money out of pocket of…

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A: 1. Statement of Retained Earnings - Statement of retained earnings is the accumulated profit…

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A: Annuities assume that money is put into the account on a regular schedule and money is left in the…

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A: External rate of return (ERR) is a measure of the profitability of an investment, calculated as the…

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A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

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A: The loan which is discharged by making installment payments consist of two components as interest…

Q: You run a school in Florida. Fixed monthly cost is $5,220.00 for rent and utilities, $5,974.00 is…

A: Profit is a function of revenue and expenses. They both differ at different locations. Hence the…

Q: E2. A 41-year-old consulting engineer wants to set up a retirement fund to be used starting at age…

A: Amount deposited now (D) = $20000 n = 65 years - 41 years = 24 years r = 6%

Q: man

A: To find the rate of interest, we can use the simple interest formula:   I = P * r * t   where I is…

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A: Given: Year Particulars Amount 0 Initial investment -P50,000.00 1 Cash inflows P3,000.00 2…

Q: Molly Dymond and Kathleen Taylor are considering the possibility of teaching swimming to kids during…

A: Break even point represents that level of sales at which organization is neither earning any gain…