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Ivahew [28]
3 years ago
13

Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the start of the fourth year, Jim

deposits an additional $50,000 that is also compounded semiannually at 12%. At the end of six years, the balance in Jim Moore's account is (use the tables in the handbook):
Business
1 answer:
hjlf3 years ago
5 0

Answer:$119,735.6

Explanation:

To calculate the total in the account,we use the compound interest formula

A= P ( 1+ ( R/2)/100)∧2n

P = $ 12,000 n = 4 R = 12%

A = 12,000 (1+(12/2/100)∧2*4

A = 12,000 ( 1+ ( 6)/100)∧2*4

A = 12,000 ( 1+0.06)∧8

A= 12,000 ( 1.06)∧8

A = 12,000 ( 1.5938)

A= 12,000* 1.5938

A= $ 19,125.6

Another deposit into the account

A = P ( 1+(R/2)/100)∧2n

A= 50,000 (1+12/2/100)∧2*6

A= 50,000 (1+6/100∧12

A = 50,000 ( 1+0.06)∧12

A = 50,000 (1.06)∧12

A= 50,000 ( 2.0122)

A = 50,000* 2.0122

A = 100,610

Therefore, the total in the account

$19,125.6 + $100,610

= $119,735.6

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8 0
3 years ago
There are many organizational features that can change the direction of the company. Some of these include processes, politics,
mel-nik [20]

Answer:

environmental

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In Business management, the five (5) main organizational features which are capable of changing the direction of a company or business firm are classified as;

I. Culture.

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III. Politics.

IV. Environmental.

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The internal and external elements such as government, competitors, customers, and suppliers that affect various parts of an organization are examples of environmental organizational feature.

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The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.

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5 0
3 years ago
You work on the marketing team for a software company. You do not work closely with the development team; however, you need to k
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This device run on the simple program and it embedded with simple calculator also and it give huge detail about the products in the proper format. Therefore, being a good marketer, we prefer to use the wiki device as it provide the details in interesting way.

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In marketing and consumer research, the conative component of the tricomponent attitude model is frequently treated as an expres
Ilya [14]

Answer:

C. Intention to buy

Explanation:

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The Tricomponent Attitude Model is one of four categories of attitude models usually considered in marketing. The model consists of 3 parts or components as follows

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c. Conative  component- This component of the tricomponent attitude mode is basically concerned with the consumer's intention to buy a particular product, patronise a brand or request a service.

7 0
3 years ago
Read 2 more answers
When a firm prepares financial reports by using absorption costing,
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