1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
White raven [17]
2 years ago
8

Rob has just received a check for $32,595. This is a return from an investment that he made 18 years ago. He was told that the r

eturn was the equivalent of 11% per year. How much was his original investment
Business
1 answer:
Grace [21]2 years ago
3 0

The original investment that Rob made was $4,981 with the rate of interest of 11% per year for 18 years.

<h3 /><h3>What do you mean by present value?</h3>

Present value (PV) refers to the current price of a future amount of money or move of cash flows given a certain price of return. Future cash flows are discounted at the discount price, and the better the discount price, the lower the present price of the future cash flows.

As per the given information:

A: $32,595

P: ?

r: 11%

n = 18 years

A=P(1+ \dfrac{r}{100} )^{n} \\\\32,595 = P(1+ 0.11)^{18} \\\\32,595 = P (1.11)^{18} \\\\32,595 = 6.5435P\\\\ P = \$4,981

Therefore, The original investment that Rob made was $4,981 with a rate of interest of 11% per year for 18 years.

learn more about present value:

brainly.com/question/20813161

#SPJ1

<h3 />

You might be interested in
You are a research analyst in charge of publishing research reports for your company, C-Minus Investment Banking and Research. Y
VashaNatasha [74]

Answer:

<em>[C] Go on with the scheduled issue date as planned, issuing the objective report as is even though this may negatively affect business between the two companies.</em>

Explanation:

Although the communication between the two organizations might have a detrimental impact on business, it really is your duty to release the report as it is.

It is unethical to prolong the problem for convenience or as a favor to the executives of the other organization as the study shifts to downplay negativity.

8 0
3 years ago
E
KonstantinChe [14]

Answer:

c is correct on

Explanation:

6 0
2 years ago
Read 2 more answers
The United Kingdom started regulating the size of grocery stores in the early​ 1990s, and​ today, the average size of a typical
Svetradugi [14.3K]

Answer:

C. The​ long-run average cost of production for U.K. grocery stores is lower if there are diseconomics of scale.

Explanation:

The diseconomy of scale is called the effect that occurs in the costs of a given production. These effects generate increasing costs for the company for each unit of product that is manufactured. Specifically and technically, a diseconomy of scale occurs when a percentage increase in production is less than the percentage increase in inputs.

Since the size of the grocery stores decreases, the average costs decreases. So, The​ long-run average cost of production is lower when there are diseconomics of scale.

Hope this helps.

0 0
4 years ago
Uber is a tech company that connects its mobile phone app users who have a trip request with nearby Uber drivers who use their o
Liula [17]

Answer:

1. The price for Uber services increases.

2. The quantity of Uber services sold increases.

Explanation:

As the college students use the uber so here the number of students are rised up that means the demand is more when the semester is started i.e. the price is more

Also the uber has one attribute i.e. surge pricing which represent the law of demand and the supply. In the case when the demand is more or the supply is less the price would increase

So overall the price and the quantity should increased

6 0
3 years ago
Faultlines are most likely to occur when teams
rjkz [21]

Answer:

have developed through to the performing stage

7 0
3 years ago
Other questions:
  • The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3
    7·2 answers
  • __________ wants to administer a satisfaction survey to its current customers. Using their customer​ database, the company rando
    12·2 answers
  • What is the difference between Special warranty deed vs general warranty deed
    15·1 answer
  • Write a two-paragraph essay in your own words, following the criteria listed below.
    15·1 answer
  • What is the first step the manager takes when a subordinate is having difficulty carrying out a delegated task?
    8·1 answer
  • Stock Investment Transactions On September 12, 2,000 shares of Aspen Company were acquired at a price of $50 per share plus a $2
    9·1 answer
  • The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,057. A
    9·1 answer
  • Define debt economics.​
    9·1 answer
  • A sole proprietor in the 37% tax bracket pays her 16-year-old son a reasonable salary of $14,000 for services performed for the
    8·1 answer
  • Select the correct answer how many justices must agree to an opinion for the Supreme Court to issue a decision
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!