Report on an organization fiscal performance

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Reference no: EM131868458

1. You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24th month, you will have $13,000 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning?

2. What is March payroll if annual payroll is 469,377? Use 2 decimals in the answer.

3. List the ways in which financial accounting contributes to an organization’s management control of finances and its ability to report on an organization’s fiscal performance.

Reference no: EM131868458

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