Use the following information: a. Two-thirds of one month's insurance coverage has expired.
b. At the end of the month, $600 of office supplies are still available.
c. This month's depreciation on the computer equipment is $600.
d. Employees earned $520 of unpaid and unrecorded salaries as of month-end.
e. The company earned $1,600 of commissions that are not yet billed at month-end.
Checkpoint dates:

Whats the question?

Step-by-step explanation:

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

i got 86 for this

hope this !

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