You deposit \( \$ 13,000 \) in an account that pays \( 1.51 \% \) interest compounded quarterly. a. Find the future value after one year. b. Use the future value formula for simple interest to determine the effective annual yield. i. Click the icon to view some finance formulas. a. The future value is \( \$ \square \). (Round to the nearest cent as needed.) b. The effective annual yield is \( \square \% \). (Round to the nearest hundredth as needed.)

\( \$ 5,500 \) is deposited at the end of each quarter in an account that earns \( 7 \% \) compounded quarterly until \( \$ 100,000 \) has accumulated in the account. This scenario describes the ---Select--- for ? s . From the formula in the textbook, all values are known, except After how many quarters will the account contain \( \$ 100,000 \) ? (Round your answer UP to the nearest quarter.) quarters

Find the amount that results from the given investment. \( \$ 300 \) invested at \( 4 \% \) compounded quarterly after a period of 3 years After 3 years, the investment results in \( \$ \square \). (Round to the nearest cent as needed.)

Find the annual percentage yield for an investment at the following rates. (Round your answers to two decimal places.) (a) \( 7.6 \% \) compounded monthly (b) \( 8 \% \) compounded continuously

E5-32B. (Learning Objective 5: Apply GAAP for uncollectible receivables) At December 31,2024 , Concord Travel Agency has an Accounts Receivable balance of \( \$ 87,000 \). Its net accounts receivable is \( \$ 86,120 \) before the year-end adjustment. Service revenue (all on account) for 2024 was \( \$ 800,000 \). Concord estimates that its bad debt expense for the year is \( 3 \% \) of service revenue. Requirements 1. Calculate Concord's bad debt expense for 2024 . 2. How are Concord's balance sheet and income statement impacted by the adjustment to recognize bad debt expense for the year? 3. Calculate the net realizable value of accounts receivable as of December 31,2024 .

A car was valued at \( \$ 31,000 \) in the year 1995 . The value depreciated to \( \$ 11,000 \) by the year 2003. A) What was the annual rate of change between 1995 and 2003 ? \( r=\square \) Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2007 ? value \( =\$ \)