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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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Under Treasury Circular 230, which of the following actions of a CPA tax advisor is characteristic of a best practice in renderi
svlad2 [7]

Answer:

The correct answer is letter "B":  Establishing relevant facts, evaluating the reasonableness of assumptions and representations, and arriving at a conclusion supported by the law and facts in a tax memorandum.

Explanation:

Among the best practices that tax advisers are committed to we can find defining the facts, deciding that facts are particular, evaluating the rationality of any conclusions or interpretations, applying the applicable law to the particular facts, and reaching a conclusion informed by law and evidence.

8 0
3 years ago
Which of the following is NOT one of the main tasks of strategy-making in a diversified company? 1. establish investment priorit
oksano4ka [1.4K]

The question seems incomplete but here is the complete question.

Which of the following is not one of the main tasks of strategy-making in a diversified company?

1) Establish investment freedom priorities so that resources re steered into most attractive businesses.

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3) Picking the new industries to enter and deciding on the

means of entry.

4) pursuing opportunities to leverage cross-business value

chain relationships and strategic fit into competitive

advantage.

5) Divesting well-performing businesses.

Answer:

5) Divesting well-performing businesses.

Explanation:

A firm or company's strategy-making can be greatly influenced y several factors which do not include the castigation of a fellow company or firm. Strategies involve several methods, factors or ways which a firm, company or business can adopt that may improve it's outputs or other goals which are of great relevance. The other factors mentioned above are great strategies which firm can develop n other to achieve its goals and objectives.

6 0
3 years ago
A lower expected return means a higher risk will have to be accepted. true false
Alex777 [14]

The statement "A lower expected return means a higher risk will have to be accepted. " Is false. This is further explained below.

<h3>What is the expected return?</h3>

Generally, According to the proverb, "A lower projected return indicates a bigger risk will need to be taken." Is false

In conclusion, The amount of profit or loss that an investor might anticipate obtaining as a result of the investment is referred to as the anticipated return. To get an anticipated return, first, multiply all of the possible outcomes by the percentage chance that each one will occur, and then add up all of those products. It is impossible to provide a guarantee on expected returns.

Read more about the expected return

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8 0
2 years ago
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grin007 [14]

All  <u>national banks</u> become part of the federal reserve system.

<h3>What is federal reserve system?</h3>

Federal reserve system is a financial institution that is in charge of regulating and controlling  money in circulation so as create a stable economy that will help to prevent of financial crisis.

National banks are also known as commercial bank and this commercial banks are under  central bank supervision.

Therefore all  <u>national banks</u> become part of the federal reserve system

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7 0
1 year ago
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Anarel [89]

Answer:

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Explanation:

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