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Alik [6]
2 years ago
13

What is the future value of $500 deposited for one year earning a 8 percent interest rate annually?

Business
1 answer:
nordsb [41]2 years ago
4 0

The future value of $500 after one year at a rate of interest 8% is $540.

Given that the deposited amount is $500,number of year is one and rate of interest is 8%.

We are required to find the future value of money after 1 year.

Future value of something is the money value which we will get after some years at some rate of interest. In our case we have not given that the amount is compounding or not. Because the number of year is 1 so we can find the amount through the formula of simple interest and compound interest as well.

Principal amount=$500

Rate of interest=8%

Number of year=1

Future value=P(1+r)^{n}

=500(1+0.08)^{1}

=500*(1.08)

=$540

Hence the future value of $500 after one year at a rate of interest 8% is $540.

Learn more about future value at brainly.com/question/24703884

#SPJ4

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Lenovo, the chinese computer manufacturer, is a corporation where it is difficult to identify one country as the home country. l
baherus [9]
The answer to this question is a "Stateless Corporation". Lenovo, a known and a big time Chinese computer manufacturer that sells their product in different part of the globe is a corporation where it is difficult and hard t be identified in one country as their home country. Then this Lenovo computer company can be described and called as a stateless corporation.
7 0
3 years ago
$18 National Income 100 Net Exports 2 Personal Income 85 Personal Consumption Expenditures 70 Saving 5 Government Purchases 20 N
Natali [406]

Answer:

$5

Explanation:

GDP = C + I + G + NE = 70 + 18 + 20 + 2 = $110

NDP = GDP - Consumption of Fixed capital

Consumption of Fixed capital = GDP - NDP

                                              = $110 - $105

                                              = $5

3 0
3 years ago
Harrington Golf Co. states that it will double its employee staff and decrease its advertising budget by 25 percent in order to
Maru [420]

Answer: Operational Plan

Explanation:

 An operational plan is one of the type of planning process that helps in providing a brief description about performing the various types of responsibilities and the activities for achieving the desirable goals.

 The main objective of the operational planning is that it is basically implementing the various types of tactical goals in an organization which helps in providing the clear picture about the main aim of the given task.

According to the given question, the Harrington golf is one of the type of corporation that increase the number of employees and reduce the overall advertisement budget for the high demand of the consumers in the market and this planning process is known as the operational plan.

 Therefore, Operational plan is the correct answer.

7 0
3 years ago
Read 2 more answers
Yojayna works for a manufacturing company. She meets with her boss once a week to review how well the company is meeting the tac
anygoal [31]

Answer:

She is a middle manager

Explanation:

As for the details provided,

Yojayna has a senior manager, to whom she meets once in every week to discuss the plan, and the achievements so far.

Thus, she is not the top most manager.

Further, she coordinates with supervisors who regulate the operations of employees on daily basis.

Thus, she is a manager to them.

Therefore, she is a middle level manager. Who works according to senior management, and then regulates the work of supervisors also.

8 0
3 years ago
Southern Tours is considering acquiring Holiday Vacations. Management believes Holiday Vacations can generate cash flows of $218
Pepsi [2]

Answer:

$519,799.59

Explanation:  

Discount rate = R = 14.50%

Year    Cash flows     Discount factor     PV of cash flows

1            218,000.00          0.873362            190,393.0131  

2           224,000.00          0.762762           170,858.6793

3           238,000.00          0.666168            <u>158,547.9011</u>

          Total of PV = NPV =                           <u> $519,799.59</u>

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Note:

Df = 1/(1+R)^Year

PV of cash flows = Cash flows x Df

7 0
3 years ago
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