All categories

2 years ago

If you invested $250 at 16% how much will have after 4.5 years

Business

2 answers:

Iteru [2.4K]2 years ago

6 0

Answer:

$180

Explanation:

$250 * 0.16 * 4.5 = $180

ohaa [14]2 years ago

5 0

Answer:

it depends on how often it's compounded

yearly:

The final balance is $487.53.

The total compound interest is $237.53.

semi-annually:

The final balance is $499.75.

The total compound interest is $249.75.

quarterly:

The final balance is $506.45.

The total compound interest is $256.45.

bi-monthly:

The final balance is $508.79.

The total compound interest is $258.79.

monthly:

The final balance is $511.17.

The total compound interest is $261.17

bi-weekly:

The final balance is $512.48.

The total compound interest is $262.48.

weekly:

The final balance is $513.04.

The total compound interest is $263.04.

daily:

The final balance is $513.53.

The total compound interest is $263.53.

continuous:

The final balance is $513.61.

The total compound interest is $263.61.

Explanation:

hope this helps:)

You might be interested in

Interest rates are expressed as a percentage of

Tomtit [17]

Basically, an interest rate is an amount that is added on top of the principal amount most especially in loans. This is expressed in a form of percentage, depending on the amount and interest rate being agreed upon. The answer for this would be the second option. Hope this helps.

6 0

3 years ago

Read 2 more answers

A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard c

lord [1]

Answer:

C. $78,250 Unfavorable.

Explanation:

We know,

Material cost variance = (Standard quantity × Standard price) - (Actual Quantity × Actual price)

Given,

Standard quantity = 405,000 units

Standard price = $2.00 unit

Actual Quantity = 403,750 units

Actual price = $2.20 unit

Putting the values into the formula, we can get

Material cost variance = (Standard quantity × Standard price) - (Actual Quantity × Actual price)

Material cost variance = (405,000 × $2.00) - (403,750 × $2.20)

Material cost variance = $810,000 - $888,250

Material cost variance = -78,250

Material cost variance = 78,250 (Unfavorable)

Therefore, C is the answer.

4 0

3 years ago

Which of the following describes the management function that includes determining which tasks will be done, who will do them, h

ololo11 [35]

Answer:

Planning management function

Explanation:

Planning is a management procedure which aims to identify objectives for the long term future of an organization and to determine the tasks and resources required in achieving these objectives. Managers should create a business plan or a marketing plan for achieving objectives.

4 0

3 years ago

The December 31, 2015, balance sheet of Maria’s Tennis Shop, Inc., showed current assets of $1,105 and current liabilities of $9

IrinaK [193]

Answer:

$165

Explanation:

The working capital of organization is the difference between the current assets and the current liabilities of the organization. It shows if a company has enough short term assets or asset that can be converted quickly to cash to settle obligations that will arise in the short term.

Working capital as at December 31, 2015

=$1,105 - $915

=$190

Working capital as at December 31, 2016

=$1,320 - $955

=$365

Change in working capital in 2016

= $365 - $190

= $165

5 0

3 years ago

Many restaurants do not take reservations. You simply arrive and wait your turn. If you arrive at 7:30 in the evening, you have

zhuklara [117]

Many restaurants are misleading you

7 0

3 years ago