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Veseljchak [2.6K]
3 years ago
5

A newborn child receives a ​$7 comma 000 gift toward a college education from her grandparents. How much will the ​$7 comma 000

be worth in 17 years if it is invested at 6.2​% compounded​ quarterly?
Business
1 answer:
Scrat [10]3 years ago
6 0

Answer:

$7,000 gift will be worth $19,922 after 17 years ( or 68 quarters) given the discount rate is 6.2% compounded quarterly.

Explanation:

The worth of $7,000 nowadays after 17 years is equal to its future value compounded for the time of 17 years or 68 quarters.

As the discounted rate is 6.2% compounded quarterly, we have:

Compounding period = 17 x 4 = 68; Interest rate = 6.2%/4 = 1.55%.

Apply the formula for future value to determine the value of $7,000 in 17 years as: 7,000 x (1+1.55%) ^68 = $19,922.

Thus, the answer is $19,922.

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The activity in which Roger is engaged in is called program evaluation.

<h3>What is Program Evaluation?</h3>

This refers to the ability to make predictions about the things which are needed for a program to run successfully.

Hence, because Roger is involved in Human Resources planning and he is trying to predict what human resources will be needed in the coming year in his organization, then he is engaged in program evaluation.

Read more about program evaluation here:
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2 years ago
A ___________________processes merchandise that is returned because it is damaged, has been recalled, is no longer sold to custo
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Answer:

The correct answer is reverse logistics.

Explanation:

Reverse logistics is responsible for the recovery and recycling of packaging, packaging and hazardous waste; as well as the processes of return of excess inventory, customer returns, obsolete products and seasonal inventories. It is a way of return for materials that are reused, recycled or destroyed.

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3 years ago
A contract with a mistake that results from failure to understand the contract’s meaning or significance or from failure to read
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A.............................
4 0
2 years ago
Lynn regularly works a 40-hour week and earns $9 per hour. She receives time-and-a-half pay for each hour of overtime she works.
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Answer:

Her regular gross pay is $360

Explanation:

Regular gross pay is that pay which the person earn on daily basis or it is a fixed amount which he gets after completing a month.

In the question, we have to find out the regular gross pay which includes the daily earning of a person

So, her regular gross pay is equal to

= number of hours × rate per hour

= 40 × $9

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We don't include overtime wages as it is not included in  regular gross pay. So, it is ignored.

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6 0
3 years ago
Hazel owns an event planning company that specializes in very high-end events. Several years ago, Hazel purchased a magnificent
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Answer:

D. If Hazel sells the chocolate fountain for $3,300, she will have a $1,500 capital gain.

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I´m assuming that Hazel is a person that owns this event planning company.

The current book value of the chocolate fountain = purchase cost - accumulated depreciation = $3,000 - $1,200 = $1,800

If the chocolate fountain (or any asset) is sold at a higher price than book value, then a capital gain must be recognized. If the chocolate fountain is sold at a lower price than book value, then a capital loss should be recognized.

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3 years ago
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