Blue Chip Investments purchased a 12-month insurance policy on June 1, 2019 for $3,480. The December 31, 2019 balance sheet would report Prepaid Insurance of a. $0 because Prepaid Insurance is reported on the Income Statement. b. $2,030. c. $1,450. d. $3,480.

Answers

Answer 1

Answer:

d. $3,480.

Explanation:

Given that

The insurance policy would be $3,480 for the 12 months

And if the prepaid insurance would be $0 so we can assume that the insurance should be reported as $3,480 so that the balance would comes to zero

Hence, the correct option is d. and the same is to be considered

All other options would be wrong


Related Questions

Karen owns a designer clothing store in a small town. Since her store is the only store that offers designer outfits, she charges high prices for them. In the same town, another store deals in similar apparels but offers them at cheaper rates. Karen wants to maintain the exclusivity of her store. She is planning to slash prices. This move may incur losses. However, she is determined to give a tough competition to her competing store and ensure that it goes out of business.

Answers

Answer:

Antitrust law

Explanation:

The government uses Antitrust laws to prevent creation of monopolies. These laws ensure that no single firm prevents competition unreasonably. So, Karen's action of cutting down prices to eliminate the competitor will come under government scrutiny.

What are the steps required to register for tax purposes at the state level ?​

Answers

Answer: Register for E-Tax has (3) steps:

1. Complete and submit ttconnect ID Registration form

2. Activate your ttconnect ID

3. Visit a ttconnect Service center

Stopping to take notes makes it harder to remember the details of something you’ve read.


Please select the best answer from the choices provided

T
F

Answers

Answer:

false

because you are actually recalling what you read

hope this helps

Answer:

false

Explanation:

Suppose the price elasticity of supply for lumber is 2.4. If the price of lumber increases by 20% how much would the quantity supplied of lumber change

Answers

The quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.

How to calculate by how much would the quantity supplied of lumber change

If the price elasticity of supply for lumber is 2.4, then we can use the formula:

Elasticity of supply = percentage change in quantity supplied / percentage change in price

Solving for the percentage change in quantity supplied, we get:

Percentage change in quantity supplied = Elasticity of supply * Percentage change in price

Given that the price of lumber increases by 20%, the percentage change in price is 20%.

The percentage change in quantity supplied would be:

Percentage change in quantity supplied = 2.4 * 20% = 48%

Hence, the quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.

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A monetary unit that is freely and easily converted into other currencies is
a hard currency
a soft currency.
an exchange control.
a trade credit.

Answers

Answer:

A hard currency

Explanation:

A monetary unit that is freely and easily converted into other currencies is a hard currency.

The value of this currency neither depreciates suddenly nor fluctuate to a great extend.

This currency is considered politically and economically stable by the nation.

Hard currencies can also be used as a form of payment for goods and services.

According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?

Answers

The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.

Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:

Evaluation of the Night-light Data Method:

Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.

Reasons for Differences between Traditional Expenditure Approach and Night-light Data:

Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.

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what is required when opening up a checking account?
A. copy of your last paycheck.
B. initial deposit.
C. salary.
D. credit card.

Answers

Answer:

B.

Explanation:

because you need a minimum of $25 to activate an account

Think about the following products: cell phone, automobile, clothing, and social media site. Personally, how would you determine and assess the concept of value to the customer for each of these products? Which aspects, technical or social, have the most weight? Would you say that your analysis would be legitimate for others making the same decision?

Answers

Answer:

There are various aspects that would have the most weight.

Explanation:

ill owned a small business in California. The state passed new legislation that required all small businesses to use new measures to protect the personal, financial and health information of both customers and employees. Jill's business will be impacted by which external business environment below?

Answers

Jill's business will be impacted by Political- legal external business environment.

The current political party in power, the extent of the politicization of business and industry, the effectiveness of the current administration, government policies, the existing legal system, the general perception of the economy among the general public, etc. are just a few examples of the many factors that make up the political-legal environment.

What are the different sorts of business environments?

Business environment is defined as the totality or collection of all internal and external factors, including workers, customer needs and expectations, supply and demand, management, clients, suppliers, owners, activities of the government, technological innovation, social trends, market trends, economic changes, etc.

Significance of business environment?

Businesses can assess the tactics and plans of their rivals thanks to the business environment. Also, they can design their own methods in accordance. A brief glance at the telecom industry reveals that practically all providers offer comparable services at comparable costs.

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how to get rid of detrimental body language in the negotiation

Answers

Answer:

The answer is below

Explanation:

There are various ways to get rid of detrimental body language in the negotiation. Some of which are:

1. Speak with confidence and coherently: this will show you're not desperate

2. Maintain eye contact: keeping eye contact during negotiations shows you're sure of what you're saying and won't be smooth-talked or dominated.

3. Make a good handshake: some believe a firm handshake shows you're strong character, hence the other party will respect your opinions or negotiations point of view better.

4. Ensure you keep a nice posture or position: fidgeting around met be translated as being weak or uncomfortable, hence, the other party may think you're not sure of yourself.

‏ Al-Baida wants to buy a new machine with special purposes for an amount $ (1) million for the production of a product, and the economic life of the machine is (10) years, bearing in mind that there is no residual value for the machine at the end of its useful life. The company adopts the straight-line method in calculating the depreciation, and it is expected that the annual revenues from operating the machine will be 1,200,000 ID, and the annual expenses excluding taxes, (700,000 ID. If you know that the company adopts a discount rate of 12% The income tax rate is 30% for all years. Required: Calculate the following: .1. payback period. 2. Rate of accounting return on investment.

Answers

1. Payback period will be 2 years.

2. The rate of accounting return on investment for the machine is 35%.

To calculate the payback period, we need to determine the number of years it takes for the company to recover the initial investment of $1 million.

Step 1: Calculate the annual net cash flow.

Annual net cash flow = Annual revenues - Annual expenses excluding taxes

Annual net cash flow = $1,200,000 - $700,000 = $500,000

Step 2: Determine the payback period.

Payback period = Initial investment / Annual net cash flow

Payback period = $1,000,000 / $500,000

Payback period = 2 years

Therefore, the payback period for the investment in the machine is 2 years.

To calculate the rate of accounting return on investment, we need to determine the average annual net income generated by the investment.

Step 1: Calculate the average annual net income.

Average annual net income = (Annual revenues - Annual expenses excluding taxes) * (1 - Tax rate)

Average annual net income = $500,000 * (1 - 0.30)

Average annual net income = $350,000

Step 2: Calculate the rate of accounting return on investment.

Rate of accounting return on investment = Average annual net income / Initial investment * 100

Rate of accounting return on investment = $350,000 / $1,000,000 * 100

Rate of accounting return on investment = 35%

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5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60% ​

Answers

Answer: C. 40.4%

Explanation:

To find the rate of change in production, we can use the following formula:

Rate of change = (New value - Old value) / Old value * 100

Where,

Old value = Production of last month = 900

New value = Production of this month = 1264

Substituting the values in the formula,

Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%

Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!

Answer:

The correct answer is C.

Explanation:

The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%

Why is it important to maintain a career portfolio?
O A. A career portfolio allows you to compare your accomplishments
to those of other job applicants so you know where to improve,
B. A career portfolio allows you to set out goals for your career,
including step-by-step objectives that will lead to those goals,
C. A career portfolio allows you to keep track of everything you need
to do in the future in order to advance your career,
D. A career portfolio allows you to keep track of all skills,
accomplishments, and experience that you may need to apply for
jobs,

Answers

Answer:

D. A career portfolio allows you to keep track of all skills,

accomplishments, and experience that you may need to apply for

jobs,

Explanation:

Maintaining a career portfolio is vital since it enables you to keep track of all the abilities, successes, and experience you could need to apply for positions.  Thus, option (D) is correct:

What is experience?

Experience refers to conscious events in general, and perceptions in particular, as well as the practical knowledge and familiarity produced by these conscious processes.

Employers may find you more employable if you have a career portfolio because it gives them evidence of your persona, your prior successes, and your transferable abilities.

Therefore,  Thus, option (D) is correct:

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Wanderlust Tours is considering a B2B partnership with Green Ocean Cruises. Before Wanderlust Tours embarks upon this relationship, however, it must understand the differences between a B2B and B2C partnership. Those differences include all of the following except?

a. the duration of the relationships with customers
b. the focus on building relationships with customers
c. the buying procedures the focus on derived demand
d. the focus on building relationships with customers.
e. the buying procedures the focus on derived demand.
f. the long-term amount of money involved.

Answers

B2B partnerships focusing on buying procedures related to derived demand. Therefore, option c is correct.

Business-to-Business (B2B) partnerships involve collaborations between two companies, where the focus is on catering to each other's operational needs and mutual growth.

Unlike direct customer interactions in Business-to-Consumer (B2C) relationships, B2B partnerships delve into intricate supply chains, specialized services, and synergistic value creation.

These alliances thrive on aligning goals, sharing expertise, and optimizing resources for joint success. B2B partnerships often transcend individual transactions, nurturing enduring connections that evolve alongside evolving industry landscapes, making them pivotal drivers of innovation and collective advancement in the business realm.

Therefore, option c is correct.

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Which professional has helped Jennifer in this example?
Jennifer bought a new smart phone from a local store that sells electronic products. After a week, she started experiencing problems with the
phone's display screen. She went back to the store and spoke to its ___
representative, who replaced the product and
apologized for the inconvenience.

Answers

Answer:

would it be sales representative since they were only able to replace the device and apologize

Answer:

customer service

Explanation:

I'm smart and got it right on my test

Letterheads _____.

should have a design that is different from the business card
contain the same information as a business card
convey information about an organization
and business cards should be of similar design
are rarely used by small businesses
(Multiple Answers)

Answers

I think it's "should have a design that is different from the business card"

Answer:

Convey information about an organization.

Contain the same information as a business card.

And business cards should be of similar design.

Explanation:

Those are the correct answers on Edge. Hope this helps!

WILL GIVE BRAINLIST

A depression is a severe recession that is often accompanied
by deflation.

Otrue
O false

Answers

Answer:

true

Explanation:

mark me brainliest

name and discuss external environment factors that affect managerial decision making in a business setting​

Answers

     The external environment refers to the elements outside a company that can have an impact on how it operates by influencing its decisions and actions as well as identifying its opportunities and hazards.

What does the outside environment mean?  External setting. noun [C, typically single] the external factors that influence a company's operations: The organization's goals must change as the external environment does in order to represent this shifting environment.Institutions, organizations, and forces working outside of the corporation are examples of the external environment.Instances of the outside business environment, Which are:political - New legislation, for instance.economic - Take unemployment and inflation, for instance.sociological - Modifications in style and taste, or an increase in the purchasing power of one group, such as senior citizens.technological: Using automation in industries or being able to sell items online are two examples.Mirshahvelayati and Nazarizadeh (2010) classify the external environment into two categories: the common environment and the work environment (competitors, customers, and technology) (legislation, economic, and socio- cultural).

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Collateral will not matter in the loan process if
which of the following occurs?
A. The person defaults on a loan.
B. Another item is bought in place of the original item.
C. A person makes all of their loan payments on time.
D. The bank gathers information in order to approve a loan.

Answers

In the event that the bank gathers data before approving a loan, collateral won't be taken into consideration. Option (D) is right as a result.

In the financial industry, collateral is a valuable asset that a borrower pledges as security for a loan.

For instance, the house bank is used as collateral when a home buyer gets a mortgage. The automobile is used as collateral for a car loan. When a company seeks bank funding, the company may use valuable property or equipment as loan collateral.

In the event of a default, the lender may take possession of the collateral and sell it to repay its losses.

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The unit rate for 63 meters in 36 minutes

Answers

Answer:

1.75

Explanation:

Divide distance by time

Hold the account balances of country’s commercial banks . These are called

Answers

Sorry I don't know the answer

(The answer is)Bank reserves(you’re welcome)

Suppose you are studying economics. If you weren't studying economics, you would be studying literature, raising your grade in that class by a letter grade. If you weren't studying literature, you would be working, making $500. If you weren't working, you would be playing cards with friends. If you weren't playing cards with friends, you would be sleeping, which would improve your quiz score at your early-morning accounting class in the morning by 3 points. The opportunity cost of studying economics is

Answers

Answer:

a letter grade in literature

Explanation:

Opportunity cost or implicit is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If i weren't studying economics, i would be studying literature. Thus by studying economics, i am forgoing the opportunity to study literature This is my next best option and thus my opportunity cost

According to the U.S. Department of homeland security what is an essential worker

Answers

Essential workers are those who do a variety of tasks and provide services that are often required to maintain critical infrastructure operations, according to the US Department of Homeland Security.

What is homeland security?Enhancing American security is a goal of the Department of Homeland Security. Customs, border, and immigration enforcement, disaster relief for both natural and man-made disasters, counterterrorism activities, and cybersecurity are all tasks carried out by the Department.The DHS Strategic Plan creates a consistent framework for the Department's management decisions, including strategic direction, operational requirements, budget formulation, yearly performance reporting, and mission implementation.These powers are used by HSI to look into a variety of transnational crimes, such as terrorism, threats to national security, the trafficking of controlled substances, international gang activities, the exploitation of children, and the illicit export of technology.

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Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.

a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?

Answer the following questions on the basis of the monopolist's situation is illustrated in the following

Answers

The following answers are based on a monopoly economy.

The output rate and the price at which the monopolist operates based on the graph is 100 quantities at $10.In the market equilibrium, the firm's total cost and total revenues are $750 and $1000 respectively. The firm's economic profit in the equilibrium is $250.

What is a monopoly?

A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.

To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.

At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.

For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,

Total Cost   = Equilibrium Output * ATC (Average Total Cost)

= 7.5 * 100

= $750

To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.

Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)

= $1000 - $ 750

= $250

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Jefferson's recently paid an annual dividend of $1.31 per share. The dividend is expected to decrease by 4% each year. How much should you pay for this stock today if your required return is 16%? A 5.5 percent coupon bond ( coupon rate=5.5%) has a face value of 1,000 and a current yield of 5.64 percent. What is the current market price?

Answers

Answer:

a. The price that should be paid for Jefferson's stock today is $6.29.

b. The current market price is $975.18.

Explanation:

a. Calculation of the price to pay for the Jefferson's stock today

This can be calculated using the following formula:

P = D / (r - g) ............................ (1)

Where;

P = Price per share today = ?

D = Next dividend = Current dividend * (1 + Dividend growth rate) = $1.31 * (1 +  (-0.04)) =  $1.31 * (1 - 0.04)  = $1.31 * 0.96 = 1.2576

r = Required return = 16%, or 0.16

g = Dividend growth rate = -4%, or -0.04

Substituting the values into equation (1), we have:

P = 1.2576 / (0.16 - (-0.04))

P = 1.2576 / (0.16 + 0.04)

P = 1.2576 / 0.20

P = 6.29

Therefore, the price that should be paid for Jefferson's stock today is $6.29.

a. Calculation of the current market price

This can be calculated using the following formula:

Current market price = (Coupon rate * Face value) / Current yield ............ (2)

Where;

Coupon rate = 5.5%

Face value = $1,000

Current yield = 5.64%

Substituting the values into equation (2), we have:

Current market price = (5.5% * $1,000) / 5.64%

Current market price = $55 / 5.64%

Current market price = $975.18

Therefore, the current market price is $975.18.

When writing a sales message in which price is an issue, what can you do to reduce resistance? Check all that apply.

Answers

Answer:

1. Explain your pricing structure

2. Focus on the value of your product or service

3. Compare your prices to the competition

4. Offer a discount or free trial

5. Give away free gifts or prizes.

These all sound like great ways to reduce resistance. However, it is always important to be honest and transparent in all marketing and sales messages. If you cannot offer a free trial or discount, then don't.

Explanation:

design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions

Answers

The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.

In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:

1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.

2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.

3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.

4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.

5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.

6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.

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Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.

Round your answers to two digits after the decimal.

1a. What is the total cost when producing zero units?
total cost: $

1b. What is the marginal cost for the first unit?
marginal cost: $

1c. What is the average total cost when producing three units?
average total cost: $

1d. What is the average variable cost when producing four units?
average variable cost: $

Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.Round

Answers

The total cost when producing zero units is $20.

The marginal cost for the first unit is $50.

The average total cost when producing three units is $65.67.

The average variable cost when producing four units is $98.

What are cost functions?

Fixed cost is cost that remains constant regardless of the output produced. It remains constant regardless the level of output. An example of fixed cost is rent. Average fixed cost is fixed cost divided by total output.

Variable cost is the cost that increases with the level of output. It increases the more output is produced. An example of variable cost is wages paid to labor. the average variable cost when producing four units. Average variable cost is variable cost divided by total output.

Total cost is the sum of fixed cost and variable cost. Average total cost is total cost divided by total output.

Marginal cost is the change in total cost.

Total cost of producing zero units = fixed cost + variable cost

$20 + 0 = $20

Marginal cost of the first unit = (total cost of the first unit - total cost of the zero unit) / (2 - 1)

total cost of the first unit = (average variable cost x total output) + fixed cost

$20 + 50 = $70

Marginal cost = (70 - 20) / (2 - 1) = $50

The average total cost when producing three units = Total cost / total units

Total cost of three units = marginal cost of three units + total cost of two units

Total cost of two units = 105 + 92 = $197

The average total cost = $197 / 3 = $65.67

The average variable cost when producing four units = (412 - 20) / 4 = $98

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In The New Rules, which social media channel is described as “a primary source of newsjacking ideas and a powerful channel to get your message out to the media in real time?”

Answers

D. Twiter- is said to as a major source of newsjacking ideas and a potent way to communicate with the media in real time in the new rules.

Hence, option D. is the right choice.

Why would you utilise newsjacking?

Through the use of "newsjacking," you may present your company and your spokesperson (or spokespersons) as an authority on a certain subject. Since it generates instant coverage, this is crucial for a brand in the near term.

Is newsjacking morally correct?

Only if you adhere to these three key rules can newsjacking be considered ethical. For your client's target audience and them, the newsjacked tale makes sense. For your media contact, your proposition offers real value.

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The complete question is-

In The New Rules, which social media channel is described as "a primary source of newsjacking ideas and a powerful channel to get your message out to the media in real time?"

A. Facebk

B. Instagrm

C. Snpchat

D. Twittr

C. Imagine you Deposit K10, 000 every six months for the next five years at an interest rate of 10% per annum. You would want to know what this value will be at the end of the period.
Required:

i. Using simple interest (5 Marks)
ii. Using compounded interest (5 Marks)
iii. If the deposits were made at the beginning of every six months (5 Marks)
iv. If the deposits were made at the end of every six months (5 Marks

Answers

i) Using simple interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K127,500.

ii) Using simple interest, if the deposits were made at the end of every six months, the ending (future value) would be K122,500.

iii) Using compounded interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K132,067.87.

iv) Using compounded interest, if the deposits were made at the end of every six months, the ending (future value) would be K125,778.93.

What differentiates simple interest from compound interest?

The difference between simple interest and compound interest is that simple interest is only based on the principal.

On the other hand, compound interest computes interest on both the principal and accumulated interest.

Simple Interest (Deposits at Beginning):

Period  Principal     Interest      Balance

1            K10,000       K500      K10,500 (K10,000 + K500)

2            20,000       1,000        21,500 (K10,500 + K10,000 + K1,000)

3            30,000       1,500       33,000

4            40,000      2,000      45,000

5            50,000     2,500       57,500

6            60,000     3,000       70,500

7            70,000     3,500       84,000

8            80,000    4,000       98,000

9           90,000     4,500      112,500

10        100,000     5,000     127,500

Simple Interest (Deposits at Ending):

Period  Principal     Interest      Balance

1            K10,000       K0           K10,000

2            20,000       500        20,500 (K10,000 + K10,000 + K500)

3            30,000       1,000       31,500

4            40,000       1,500      43,000

5            50,000     2,000      55,000

6            60,000     2,500      67,500

7            70,000     3,000       80,500

8            80,000    3,500       94,000

9           90,000     4,000     108,000

10        100,000     4,500     122,500

Compound Interest at Ending:

N (# of periods) = 10 (5 x 2)

I/Y (Interest per year) = 10%

PV (Present Value) = K0

PMT (Periodic Payment) = K10,000

Results:

FV = K125,778.93

Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)

Total Interest = K25,778.93

Compound Interest at Beginning:

N (# of periods) = 10 (5 x 2)

I/Y (Interest per year) = 10%

PV (Present Value) = K0

PMT (Periodic Payment) = K10,000

Results:

FV = $132,067.87

Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)

Total Interest = K32,067.87

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