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matrenka [14]
4 years ago
7

One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment four years from today.

Today, it is adding another $15,000 to this account. The company plans on making a final deposit of $10,000 to the account one year from today. How much cash will be available when the company is ready to buy the equipment assuming an interest rate of 5.5 percent?
Business
1 answer:
DiKsa [7]4 years ago
5 0

Answer:

Cash available after the final deposit 41,463.52

Explanation:

Principal * (1+ r)^{time} = Ammount

12,000 * (1+ .055)^{5} = Ammount

The 12,000 capitalize for 5 years

15,638,52

15,000 * (1+ .055)^{1} = Ammount

Capialize for 1 year

15,825

10,000 this deposit doesn't capitalize is deposit to complete and purchase the equipment

15,638.52 + 15,825 + 10,000 = 41,463.52

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3 years ago
Good that cost one half dollar in the U.S. cost one euro in Germany, the real exchange rate would be computed as how many German
olchik [2.2K]

Answer:

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3 0
3 years ago
Erick is planning to invest $500 at the end of year one, 800 at the end of year two, and 900 at the end of uear three at 4.5 per
UkoKoshka [18]

Answer:

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Giving the following information:

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4 0
3 years ago
1. Mixed economies have aspects of both
Ronch [10]
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7 0
4 years ago
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scZoUnD [109]

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3 years ago
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