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stepladder [879]
3 years ago
6

"florence deposits $4,000 at the end of each year in an account earning 2.35% interest, compounded annually. what is the future

value of this annuity after 5 years of investing?"
Business
1 answer:
Lelu [443]3 years ago
3 0

Answer:

$20,962.35

Step-by-step explanation:

To solve for the amount of money the account of Florence will have, we use the formula:

FV=P[\dfrac{(1+r)^{n}-1}{r}]

Our available variables are:

P = 4000

n = 5

r = 2.35% or 0.0235

Now let's plug them into the formula.

FV=4000[\dfrac{(1+0.0235)^{5}-1}{0.0235}]

FV=4000[\dfrac{(1.0235)^{5}-1}{0.0235}]

FV=4000[5.2405876943550625]

FV=20962.35

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Money serves as a store of value when it a. rapidly gains and loses value over time. b. can be used to purchase approximately th
konstantin123 [22]

Answer: b. can be used to purchase approximately the same amount of goods over time.

Explanation:

There are several functions of money including that it is a store of value. This means that it can be used to exchange for goods that have the same value over a period of time. For instance, $5 for a $5 plate of food.

It also means that it can be saved such that the value that it has will allow for people to be able to exchange for goods in future. This can only happen if it keeps its value over the same period of time.

3 0
3 years ago
Sarjit and Rhonda have both recently completed graduate level training in liberal arts programs. Although they studied in differ
andre [41]

Economic classes refer to the position of people on the earning ladder. For Sarjit and Rhonda, the theory that classifies them into the same economic class is that of;

  • Karl Marx

According to Karl Marx, there are two economic classes, namely, the bourgeoisie and the proletariat. The bourgeoisie are the rich and working-class members of society while the proletariats are the workers.

Given this classification, Sarjit and Rhonda belong to the same economic class of workers.

Learn more here:

brainly.com/question/731472

3 0
3 years ago
You form an alliance with a group of your coworkers at the office and agree that you will only discuss group-related matters at
8_murik_8 [283]

Answer:

d. Group Norm

Explanation:

Group Norms are informal rules that generally discourage behaviors that impede the efficacy of a group and and encourage the group to work efficiently.

They are regulations that groups adopt that ensure some form of order and they are also a reflection of the expectation of members of the group should interact and work.

Here, agreeing that members of the group will only discuss group-related matters at 1pm on Wednesdays is an example of a Group Norm because;

1. It is an unwritten rule

2. It is majorly to ensure that order is maintained so that the purpose of the group remains undefeated.

3 0
2 years ago
Why do businesses take financial cost into account other than social cost when making decisions.
deff fn [24]

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

Why do businesses take financial costs into account other than social costs when making decisions.?

The reason why is because businesses are created to make profits. And financial costs directly impact sales, revenue, and profits. Any other consideration that does not directly affect the balance sheet or the bottom line, is not considered a priority and takes the back seat when business decisions are made.

On the other hand, the social cost should be important and it is, but not as important as the financial costs for the above-mentioned reasons.

Social costs are more on the side of the ethics of the managers or leaders of the organizations. And ethics and moral values are not a prominent thing to be considered in the decision-making process of modern corporations.

7 0
3 years ago
A key characteristic of pandemic influenzas is that they:
d1i1m1o1n [39]

Answer:

The correct option is D

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A key characteristic of pandemic influenzas is that they have the ability to mutate rapidly. When the immunity of human increases the pandemic virus changes.

8 0
3 years ago
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