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Assume Swifty Corporation deposits $88000 with First National Bank in an account earning interest at 4% per annum, compounded semi-annually. How much will Swifty have
Assume Swifty Corporation deposits $88000 with First National Bank in an account earning interest at 4% per annum, compounded semi-annually. How much will Swifty have in the account after 6 years if interest is reinvested? O $109120. O $88000. O $111605. O $111349. A markup of 33% on cost is equivalent to what markup on selling price? 67.00% 24.80% 0 33.00% O 75.20% Sheridan Company is purchasing new equipment with a cash cost of $294000 for an assembly line. The manufacturer has offered to accept $67300 payment at the end of each of the next six years. How much interest will Sheridan Company pay over the term of the loan? O $67300 O $294000. O $403800. O $109800
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