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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

#SPJ1

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If the sales revenue is $150,000 and the margin of safety is $30,000, then the break-even
trapecia [35]
A is the correct answer
3 0
2 years ago
You run a game-day shuttle service for parking services for the local ball club. Your total costs for different customer loads a
kirill [66]

Answer and Explanation:

a and b. The average total cost and the marginal cost is shown below:

As we know that

Average cost is

= Total cost ÷ total number of customer loads

And, the Marginal cost is

= Additional total cost incurred for extra units generated

So based on this, the marginal cost and the average total cost are as follows

Customer load level   Total cost  Average cost   Marginal cost

     0                               $27

     1                                 $30          $30 ÷ 1 = 30        30 - 27 = 3

    2                                 $32          $32 ÷ 2 = 16        32 - 30 = 2

    3                                 $35        $35 ÷ 3 = 11.67     35 - 32 = 3

    4                                  $38        $38 ÷ 4 = 9.5       38 - 35 = 3

    5                                  $42       $42 ÷ 5 = 8.4       42 - 38 = 4

    6                                  $48       $48 ÷ 6 = 8          48 - 42 = 6

    7                                  $57        $57 ÷ 7 = 8.14      57 - 48 = 9

    8                                  $68       $68 ÷ 8 = 8.5      68 - 57 = 11

c. Now the customer loan you want is

As we know that

Profit = Marginal revenue - marginal cost

And, as we can see that at marginal cost 9 we can load 7 customers so the 7 customers would be wanted

3 0
3 years ago
5. Ren Inc. has expected earnings before interest and taxes of $63,300, an unlevered cost of capital of 14.7 percent, and a comb
laila [671]

Answer:

$334,101.43

Explanation:

The computation of the value of this company is shown below:

Value of unlevered firm= [$63,300 × (1 - 23%)] ÷ 14.7%

= $331,571.43

And,

Value of this company = 331,571.43 + 23% of $11,000

= $331,571.43 + $2,530

= $334,101.43

As we know that value of the company is the mix o f levered firm and the unlevered firm according to that we done the calculations

5 0
3 years ago
A drag racer is speeding down the track at 150 m/s. At the finish line it deploys its parachute and applies the brakes to slow d
valentina_108 [34]

Answer:

Acceleration, a = 28m/s²

Explanation:

Given the following data;

Initial velocity, u= 150m/s

Final velocity, v = 10m/s

Time, t = 5secs

To find the acceleration;

Acceleration, a = (v-u)/t

Substituting into the equation, we have;

Acceleration, a = (150-10)/5

Acceleration, a = 140/5

Acceleration, a = 28m/s²

Therefore, the acceleration of the drag racer is 28m/s².

8 0
3 years ago
If a driver with an insurance policy drives infrequently, it can
e-lub [12.9K]

Answer: lower cost

Explanation:

An insurance policy is a contract between an insurance company and a policyholder, which helps the policyholder to be able to make claims when there's an accident or death in case of life insurance.

In the above scenario in the question, if a driver with an insurance policy drives infrequently, it can lower costs.

Therefore, the correct option is B.

3 0
3 years ago
Read 2 more answers
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