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1. Purchased equipment for 70,000.this equipment has a five year life and an 8000 residual value.calculate depreciation for each of the five years using the declining balance method at twice the straight line rate?
A bank pays interest continuously at the rate of 6%. How long does it take for a deposit of Q0 to grow in value to 2Q0
William bought shares 20.3. and sold them 6.6. in the same year. The purchase price was 473 € and the selling price 639 €. What is the annual interest rate for the investment after the 30 % tax is paid from the sales profit?
Jennifer deposits 15.3. 6148 € in an account with an annual interest rate of 1.76 %. At the end of that year, Jennifer withdraws her deposit (including the capital and acrrued interest). Her friend Janet wants to withdraw from her own account at the same time exatcly the same amount of money (including the capital and acrrued interest) as Jennifer. Janet makes her deposit 20.7. and the interest rate of her account is 2.1 % annually. The tax at source rate is 30 %. What is the amount of Janet's deposit?
Alice deposits 1788 € for 3 months in a bank account which has an annual interest rate of 2.4 % (p.a.). Calculate the net accrued interest when the tax at source rate is 30 %.
Joan lent 47331 € to Thomas and charged 468.4 € interest for the loan. The interest rate was 1.85 % (p.a.). How long was the loan period in calendar days?
A family needs a loan of 10 000 € for renovation. The loan period is 1 year and payments are made 4 times a year. The interest rate of the annuity loan is 4.2 % p.a. What is the remaining balance after the first payment?
If the effective rate of interest is compounded quarterly is 16%, then the nominal rate of interest is
The simple interest rate which is equal to a discount rate of 12% per year for a period of 18 months is ?
1. 10.32%
2. 0.12%
3. 12.00%
4. 14.36%
How do I work it out?
John deposit 5,000 pesos in a bank paying 12% compounded quarterly. After 4 years, John decided to close her account. How much money would she be able to get from bank?
