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mafiozo [28]
1 year ago
8

You receive $100 today, $200 in one year, and $300 in two years. if you deposit these cash flows into an account earning 10 perc

ent, the value in the account three years from now is?
Business
1 answer:
lbvjy [14]1 year ago
5 0

Answer:

$628.49

Explanation:

Cash flows                     Discount factor      Future value

$100                         1.1449                $114.49

$200                         1.07                   $214

$300                          1                        $300

Future value                                                  $628.49

The discount factor is as follows

= (1 + interest rate)^number of years

For $100 the year is 2

For $200 the year is 1

For $300 the year is 0

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Answer:

Total= $292,520

Explanation:

Giving the following information:

Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.

Cash budget for June:

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Total= $292,520

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What are a firms four major financial needs?
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7 0
3 years ago
Students in mr. mckay's class are generating ideas about ways to deal with the problem of limited resources for the homeless hig
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Answer:

$ 49,640

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