different because of GAAP rules regarding the recognition of income . different because cash inflows must occur before revenue recognition . the same since they reflect current laws and accounting standards . the same due to the requirements of GAAP .
8 . One year ago , you invested $ 2,690 . Today it is worth $ 3,800.50 . What rate of interest did you earn ?
8 . ( Set 2 )
Your credit card company charges you 1.00 percent per month . What is the annual percentage rate on your account ?
9 . ( Set 1 ) What is the future value of $ 920 a year for 5 years at a 6 percent interest ? 9 . ( Set 2 )
Your credit card company charges you 1.00 percent per month . What is the annual percentage rate on your account ?
10 . You just paid $ 361,000 for an annuity that will pay you and your heirs $ 12,300 a year forever . What rate of return are you earning on this policy ?
Some time ago , Julie purchased eleven acres of land costing $ 15,590 . Today , that land is valued at $ 63,123 . How long has she owned this land if the price of the land has been increasing at 6 percent per year ?
11 . First City Bank pays 6 percent simple interest on its savings account balances , whereas Second City Bank pays 6 percent interest compounded annually .
If you made a $ 57,000 deposit in each bank , how much more money would you earn from your Second City Bank account at the end of 10 years ? ( Do