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
oksian1 [2.3K]
3 years ago
12

The future value of a lump sum of $500 invested today at a constant annual interest rate of 2.5% would be worth how much in 8 ye

ars?
Business
2 answers:
White raven [17]3 years ago
5 0
500* .025=12.05 take that times it by 8 12.50*8=100
Hope this helps and hope it's right good luck have a nice nite
Plz give feed back if wrong or right
otez555 [7]3 years ago
5 0
Okay. With the constant interest rate being 2.5%, this means that it is simple interest. To find the amount of simple interest during a period of time, you do R = prt. The principle is the initial amount in the bank, in this case, 500. The annual interest rate is 2.5% and the amount of time is 8 years. Multiply all of those numbers or find the amount of interest that will be in the bank. 500 * 2.5% (0.025) is 12.5. 12.5 * 8 is 100. There will be $100 in interest in 8 years. Now, add that to 500 to find the total. 500 + 100 = 600. The future value of a lump sum will be worth $600 in 8 years.
You might be interested in
I suggest adding a report button on the profile page, this way you can report the person instead of a single post, yes, specific
sweet [91]

Answer:

I agree

Explanation:

3 0
3 years ago
Suppose the price of a tie rises from $45 to $55. using the midpoint method, what is the percentage change in price?
Vinvika [58]
<span>By midpoint formula, the percentage change in the price of a tie = {( $55 - $45) / [($45 + $55)/2]} * 100 = (10/50) * 100 = 20 percent</span>
4 0
3 years ago
Demand and cost information for a monopoly
sattari [20]

Question:

Please see the Demand and Cost information reproduced in the attached table

Answer:

The correct choice is A)

Profit if maximized where price is equal to $20.

At this price, MR = MC.

Please see the attached PDF.

Explanation:

The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost:

That is, the point where MR = MC.

If the monopoly produces a lower quantity, then MR > MC at those levels of output, and the firm can make higher profits by expanding output.

Cheers!  

8 0
3 years ago
Choose and describe a business that you would expect to have highly liquid assets and share a photo of that business (or company
Slav-nsk [51]

Answer:

I have chosen Apple Inc.

Explanation:

Apple Inc is a tech giant and manufactures innovative and most differentiated telecommunication products, music products, computer products, application services, etc which is highly valued among its customers. That's the reason why Apple is one of the most highly valued company in the world with almost $137 billion cash balance. This cash balance has been increased by $20 billion in the last three years which shows its higher profitability and that its inventory is highly liquid asset because it is quickly converted into cash. Furthermore, the greater demand of product and customer loyalty has strengthen its position all because of unmatched innovation introduced in each of its product every year. The greater cash balance shows that the company has greater sales and has higher profit margin on its unmatched product.

The picture of Apple headquarter and of its logo are given below:

6 0
3 years ago
Purchases Journal The following purchase transactions occurred during March for Rehoboth, Inc.:
gtnhenbr [62]

Answer:

See the explanation section.

Explanation:

Mar. 4    Cleaning supplies debit = $77

Accounts payable - Health-Rite Supplies credit = $77

<em>To record the purchase of supplies.</em>

Mar. 19   Office equipment Debit = $3,750

Accounts payable - office Warehouse Credit = $3,750

<em>To record the purchase of office equipment on account.</em>

Mar. 23   Cleaning supplies Debit = $224

Accounts payable - Rubble Supplies Credit = $224

<em>To record the purchase of supplies.</em>

3 0
3 years ago
Other questions:
  • I need help with this career awareness day crossword puzzle thing, please help best you can
    11·1 answer
  • Select the items below that describe why scarcity exists.
    8·2 answers
  • Faulkner and White Company, a firm that builds enterprise resource planning products for customers, wants to implement training
    8·1 answer
  • Nakashima Gallery had the following petty cash transactions in February of the current year.
    9·1 answer
  • Sb-33 what does a regulatory buoy with a diamond symbol indicate
    9·2 answers
  • The purpose of a production possibilities curve is to show the __________ between the production of two things.
    11·2 answers
  • Now that you have selected the cultural environment, you must predict what the effects of these changes on gerlach's microenviro
    12·1 answer
  • Which data representation system utilizes both letters and numbers? binary decimal hexadecimal octal
    5·1 answer
  • Kiosks and carts are ideal locations for
    13·2 answers
  • Why does Prof. St. Clair argue that allowing Lehman Brothers Investment Bank to fail in 2008 (i.e., during the Bush Administrati
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!