Master the⢠DSST Business Mathematics Exam by Unknown
Author:Unknown
Language: eng
Format: epub
Publisher: Petersons
Published: 2020-12-15T00:00:00+00:00
The future value of compound interest is:
Continuous interest is the answer to the question, âWhat happens if you compound interest at an infinitely small time frame?â The future value of continuous interest is:
Depreciation and Salvage Value
For accounting purposes, a company needs to know how much it is worth. The worth of a company is its assets. A companyâs buildings, tools, and other objects are part of its assets. Unfortunately, these assets get less valuable over time as they wear out and age. Depreciation is the process of putting a value to the companyâs changing assets.
The equation for depreciation is:
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