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
HACTEHA [7]
3 years ago
7

Felipe deposited 4000 into an account with 2.2% interest, compounded quarterly. Assuming that no withdrawals are made, how much

will he have in the account after 3years? Do not round any intermediate computations, and round your answer to the nearest cent.
Business
1 answer:
mixas84 [53]3 years ago
6 0

Answer:

Final Value= $4,272.13

Explanation:

Giving the following information:

Felipe deposited 4000 into an account with 2.2% interest, compounded quarterly.

First, we need to calculate the quarterly interest rate:

Interest rate= 0.022/4= 0.0055

Now, we can calculate the final value:

FV= PV*(1+i)^n

FV= 4,000*(1.0055^12)= $4,272.13

You might be interested in
wendy is a college student in her sophomore year. She is single with no kids, and has her education paid for by schlorship
Natalija [7]
Wendy is a great student. She is an assiduous one. How I wish every student is like her. Being independent and able to sustain her needs without any help from others.
4 0
3 years ago
An example of fast tracking a project schedule would be to overlap the design and production phases for a design-to-production p
Alex17521 [72]

Answer:

True is the correct answer.

Explanation:

3 0
3 years ago
Read 2 more answers
When selling convenience goods such as tobacco, newspapers, chewing gum, and potato chips to convenience stores, companies often
valentinak56 [21]

Answer: intensive distribution

                 

Explanation: In simple words, it refers to a marketing strategy under which a company offers its product through as many outlets as possible in the market so that customers can easily find their product when in need.

The core objective of implementing thus Strategy is to make customer satisfied regarding the availability. These strategy is implemented for the products that already have a strong customer base.

Hence from the above we can conclude that the correct option is B.

5 0
2 years ago
At January 1, 2018, Transit Developments owed First City Bank Group $600,000, under an 11% note with three years remaining to ma
VashaNatasha [74]

Answer:

interest payable   66,000

note payable      384,000

       Land                            325,000

       Gain on disposal         125,000

Explanation:

600,000 x 11% = 66,000 interest payable

the land is being used to settle the note along with the accrued interest at the time:

the accounting  of Transit developments record the land at cost: 325,000

as the market valuye is 450,000 so a gain for 125,000 will be recognize.

450,000 market value - 66,000 interest payable: 384,000 payment on the note principal

the entry will write-off the interest payable, decrease the note by that amount and recognize the land gain on disposal

4 0
3 years ago
Unemployment rates tend to be highest during periods of: Select one: a. recession. b. expansion. c. recovery. d. stagflation.
Contact [7]

Answer:

a. recession.

Explanation:

hope it helped

3 0
2 years ago
Other questions:
  • Type the correct answer in the box. Spell all words correctly.
    13·2 answers
  • PR newswire reported on a company that received a short-term loan the loan was dated April 12th 2006 to April 30th 2006 the rate
    13·1 answer
  • Cajun Cookin' sits on a large landscaped lot. Brian and Sondra have a contract with Lovely Landscapes to mow the lawn and take c
    15·1 answer
  • What profit-oriented pricing method is often used because of the difficulty in establishing a benchmark of sales or investment t
    13·1 answer
  • Carrying and using a high-end credit card like an American Express Centurion Card would satisfy needs at what level in the Maslo
    15·1 answer
  • Alma is in the business of dairy farming. During the year, one of her barns was completely destroyed by fire. The adjusted basis
    5·1 answer
  • Stephen is a hairdresser who gives haircuts to two customers in the same day. The haircut he gives to the first customer is not
    15·1 answer
  • The Federal Reserve carries out open-market operations, buying $2 million worth of Treasury Bills from banks. This action increa
    13·1 answer
  • Jack took up the job of a front desk staff at a reputed hotel. He will be interacting with various customers and employees from
    12·1 answer
  • Oriole Company reported cost of goods sold as follows. 2022 2021 Beginning inventory $ 30,150 $ 20,730 Cost of goods purchased 1
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!