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
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

You might be interested in
Oona wants to conduct research on personnel management, workplace environment, and what type of environment results in high leve
podryga [215]

Answer:

The answer is: industrial organizational psychology

Explanation:

Industrial organizational psychology studies individual employees and group dynamics in the workplace. It deals with problems that originate from different workplace situations (e.g. problems between employees or problems between management and employees) and proposes solutions to improve the well being of the people involved, increase their productivity and enhance the overall performance of the organization.  

4 0
3 years ago
Karen wants to buy stock, but is worried about the current "bear market." What does this mean?
alexdok [17]

Answer:

A.that many investors are selling their stocks in anticipation of lower profits

Explanation:

In stock market terminologies, a bear market is a selling market. If the traders' sentiments are to sell a stock, tell the market for the stock is referred to as a bear market.

Generally, when a company is performing well financially, its stock price will appreciate.  Investors will buy its stocks in anticipation of increased dividends and selling the stocks at a higher price. Should investors anticipate a loss, they will start selling the stocks. Karen is concerned with the current bear market as it signals the stocks are likely to yield reduced earnings.

7 0
2 years ago
In a(n) _____ policy approach, a company that collects information does not use the information for any other purpose unless the
Anna71 [15]

Answer:

Opt in

Explanation:

Opt in policy approach, is the kind of approach in which the policy is sets out in order to ensure the consistent application and the understanding of the firm or company opt in approach for communication with the individuals.

In short, it is defined as the permission expressed by the company or the firm, which gathers or collect the information , does not use the information for any other motive unless the client or the customer specially chooses or opt to allow for using the information.

8 0
3 years ago
What is the set of official government statistics on aggregate economic activity in production, income, investment and savings?
IrinaK [193]
What is the set of official government statistics on aggregate economic activity in production, income, investment and savings?
4 0
3 years ago
Suppose the money market, drawn with the value of money on the vertical axis, is in equilibrium. If the money supply increases,
belka [17]

Answer: excess supply of money that will result in an increase in spending

Explanation:

The money market refers to the total amount of money that's in circulation in an economy at a particular time.

If the money supply increases, this implies that there'll be more money available for the people in the economy to spend. This ultimately leads to the increase in the demand for goods and services in an economy.

Therefore, the correct option will be "excess supply of money that will result in an increase in spending".

8 0
3 years ago
Other questions:
  • A machine with a cost of $144,000, accumulated depreciation of $92,000, and current year depreciation expense of $20,500 is sold
    7·1 answer
  • Danilo has been working for metropolitan taxi for three months. he expected that his job would be to drive around the city, pick
    8·1 answer
  • Where would an ecologist be least likely to go to study primary succession?
    13·1 answer
  • Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what
    7·1 answer
  • A company had the following purchases and sales during its first year of operations:Purchases SalesJanuary: 10 units at $120 6 u
    6·1 answer
  • _____ are revenue and spending items in the federal budget that change with the ups and downs in an economy so as to stabilize d
    14·1 answer
  • Leon Georges works in the warehouse for a manufacturer of air-purification systems. He is responsible for the transportation of
    5·1 answer
  • David Nason purchased a recreational vehicle for $25,000. David went to City Bank to finance the purchase. The bank required tha
    8·1 answer
  • The Safe-T Airbag Company manufactures airbags that are used in automobiles. Fly Motor Company manufactures automobiles in which
    10·1 answer
  • Stallman Company took a physical inventory on December 31 and determined that goods costing $275,260 were on hand. Not included
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!