Question
7)Find the value of an investment of $1000 in an account a.Bearing 4.5% simple interest after 30 years.b.Bearing 4.5% interest compounded monthly after 30years. 8)How
7)Find the value of an investment of $1000 in an account a.Bearing 4.5% simple interest after 30 years.b.Bearing 4.5% interest compounded monthly after 30years.
8)How long would it take for the an investment of $1000 to doublea.If it bore 4% simple interest.b.If it bore 5% interest compounded continuously.
9)A concert sells orchestra seats at $40 eachand balcony tickets at $15 each. If a total of 100 tickets were sold and the total receipts from these tickets was $3200, how many orchestra and how many balcony tickets were sold?
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
15th edition
978-0133125634, 9780133423815, 133125637, 133423816, 978-0133125689
