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Marat540 [252]
2 years ago
5

Calculate the future value of $7,000 in four years at an interest rate of 8% per year.

Business
1 answer:
OLga [1]2 years ago
4 0

The Future value is $9523.42. Future value is the amount of money that, when invested now at an interest rate, will eventually grow to be.

<h3>What is the Future Value of Money?</h3>

Future value is the amount of money that, when invested now at an interest rate, will eventually grow to be.

Calculation of Future value

Present Value = $7,000     interest rate = 8%     Time = 4 years

FV = Future Value                PV = Present Value

FV=PV(1+i)ⁿ

FV= 7,000(1+0.8)⁴= $9,523.42

Thus, the Future Value of $7,000 for four years is $9523.42.

Learn more about Future Value here:

brainly.com/question/14860893

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A modification to a product that changes the taste, texture, sound, smell, or appearance is a(n) _______.
Paha777 [63]

A modification to a product that changes the taste, texture, sound, smell, or appearance is a <u>style modification.</u>

<u></u>

Product modification is the process of improving already-existing items by making the required adjustments to their nature, size, packing, colour, and other attributes in order to better meet changing market demands. The goal of the product change is to retain current demand, draw in new customers, and effectively compete with rivals.

The company's earnings improve as a result of increased sales, which are aided by this. The product's look is altered as part of the style enhancement plan. Nevertheless, a product's quality never changes. Here, the product's packaging or its shape, colour, or other characteristics may be altered. The fashion business frequently employs this tactic.

To learn more about Product modification here,

brainly.com/question/13922806

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6 0
2 years ago
A machine to manufacture fasteners has a setup cost of $1,100 and a unit cost of $0.006 for each fastener manufactured. A newer
ycow [4]

Answer:133333 units

Explanation:

Given

For First machine

Setup cost=$ 1100

unit cost =$ 0.006

For new machine

Setup cost=$ 1700

unit  cost=$ 0.0015

Let x units be manufactured .

for Break even point

First machine manufacturing cost=New machine manufacturing cost

1100+(0.0060)x=1700+(0.0015)x

(0.0045)x=600

x=133333.333\approx 133333 units

5 0
3 years ago
Janice creates advertising slogans for the advertising firm that employs her. she works with beliefs, perceptions, and informal
lyudmila [28]
<span>The answer is High affective commitment . It means the employee connected with the organization for a commitment and achieve their goals without fear of loss, affective with the job and Sense of obligation to stay etc. It can be different form like commitment, direction of development and influences behaviour etc.</span>
4 0
3 years ago
What is one key advantage to an employer-sponsored retirement plan?
irinina [24]

Answer:

An employee's funds grow tax deferred in the plan. They don't pay taxes on investment earnings until they withdraw their money from the plan. An employee will pay income taxes and possibly an early withdrawal penalty if they withdraw their money from the plan.

Explanation:

I hope this helps. :D

8 0
3 years ago
What is the main difference between a stock and a bond?
baherus [9]

A bond is a debt instrument. The company or government issuing it borrows your money and pays you a fixed amount of money for the use of the loan you have made available to the company or government. The selling price is usually what the face value of the bond is, but this can vary according to interest rates determined by the Federal Reserve.

A stock is ownership. You own a fraction of the company you've invested in. Sometimes a company pays a dividend. That means that the company has excess funds and decides to pay its shareholders a fraction of what the company brings in.  When you buy a stock, you expect to sell it at a higher price than what you bought it at. That's called a capital gain. It's another source of income.

5 0
3 years ago
Read 2 more answers
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