Question: I have the correct answer but I need an explanation . I ALWAYS leave a thumbs up for CORRECT answers. Thanks!! 2. In the interest

I have the correct answer but I need an explanation. I ALWAYS leave a thumbs up for CORRECT answers. Thanks!! I have the correct answer but I need an explanation. I ALWAYS

2. In the interest at 6% for one full year on a principal sum amounts to $12, the principal sum is A. $150 B. $96 C. $196 (2.) $200

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Calculate and analyze the projected profitability of the online store if the Exchange Tower store were to close for the 2020/2021 period. ONLINE SALES Piltz grouped Thursdays' online customers into...

Q:

I ALWAYS leave a thumbs up for CORRECT answers. Thanks!! You have just purchased a six-month, $690,000 negotiable CD, which will pay a 5.5 percent annual interest rate. a. If the market rate on the...

Q:

Harrimon Industries bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 8%. What is the yield to maturity at a current market...

Q:

I ALWAYS leave a thumbs up for correct answers! Thanks!! Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $50. Limit Buy Orders Price...

Q:

I always leave a thumbs up for correct answers, thanks! A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 Projects -$1,000 $874.70 $250 $5 $15...

Q:

please need correct answer for requirement 4,5,6 thanks pls dont provide wrong answer if you dont know the correct one thanks CASE STUDY. Fruit-To-Go (FTG) processes fruit for shipping overseas. FTG...

Q:

PLEASE HELP WITH THIS ALL QUESTION ANSWER WITH CORRECT ANSWER PLEASE. I PROMISE YOU THAT I WILL GIVE YOU THUMBS UP IF YOU CAN GIVE ME ALL CORRECT ANSWER. Question 1 (1 point) Simplicity and...

Q:

I have found several other answer sheets on here but they have different balances and ending numbers. I know it doesn't ask for it in the directions but I also need the Balance sheet, Trial Balance,...

Q:

Please read the question Question: Choose another different one of the teaching strategies from the article that you read 1. What is the teacher is trying to accomplish by using this technique? (That...

Q:

Please read the question Question: Choose one of the teaching strategies from the article that you read 1. What is the teacher is trying to accomplish by using this technique? (That is, what's the...

Q:

please help me develop a strong and convincing character letter for Jennifer based off of the information given and the texts as she was very accommodating with me when I had my back injury and...

Q:

Presented below is the partial bond discount amortization schedule for Ferree Corp. Ferree uses the effective-interest method of amortization. (a) Prepare the journal entry to record the payment of...

Q:

Below is a table showing the various costs incurred by various companies. In each column, indicate the proper classification of these costs. Write NA if not applicable. Yes in column 2 identify...

Q:

6.25 In a textile manufacturing company, 2% of the items are known to be defective. The quality control team decides to select 200 items produced by the company for examination. If none of the units...

Q:

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Q:

(Appendices) PREPARATION OF MERCHANDISING FINANCIAL STATEMENTS. Jay Coat Company has prepared the following unadjusted trial balance as of December Ble Ox2: LO9 The following data are also available:...

Q:

(Appendices) EFFECTS OF DISCOUNTS ON SALES AND PURCHASES. Helmkamp Products sells golf clubs and accessories to pro shops. During 19x5, Helmkamp purchased merchandise with a list price of $628,500 on...

Q:

(Appendices) TERMS OF SHIPMENT AND ENDING INVENTORY. On December 31, Archive Products had two shipments of merchandise in transit from different suppliers. The first shipment, which arrived on...