Question

Find the principle amount that will amount to 1417 in 5 years at 6 percent rate of interest

Answer 1

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❏Divide the cash and cash equivalents on hand total by the daily operating costs to find the days cash on hand for the not-for-profit. In this example, divide $150,000 by $2,000 to find the not-for-profit has 75 days cash on hand.

Answer 2

Explanation:

❏Divide the cash and cash equivalents on hand total by the daily operating costs to find the days cash on hand for the not-for-profit. In this example, divide 150,000 by150,000by2,000 to find the not-for-profit has 75 days cash on hand.