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
In the systems planning phase, a key part of the preliminary investigation is a feasibility study that reviews anticipated costs
omeli [17]

Answer:

a) True

Explanation:

The Planning Phase is the fundamental two-step process of understanding why an information system should be developed and creating a plan for how the project team will develop it. ... They decide whether it is advisable to proceed with the system development project.

8 0
3 years ago
Given the following owner’s income and expense estimates for an apartment property, formulate a reconstructed operat-ing stateme
scoundrel [369]

Answer:

$363,000

Explanation:

Calculation for the property’s indicate market value.

First step

Operating Statement

PGI: $66,000

(10 units x $550 x 12 month )

Less: Vacancy Loss(3,300)

(5%*66,000)

EGI:62,700

Less: Operating Expenses

Power$2,200

Heat1,700

Janitor4,600

Water3,700

Maintenance4,800

Management3,000

Reserve for CAPX2,800

Total Operating Expenses$22,800

Net Operating Income$39,900

(62,700-22,800)

Second step is to find the property’s indicate market value.

Using this formula

Market Value=NOI/ Ro

Let plug in the formula

Market Value=$39,900/11.0%

Market Value=$363,000

Therefore the property’s indicate market value is

$363,000

6 0
3 years ago
When mik has an absolute advantage in the production of two goods over tommy, mik?
Vesna [10]
When milk has an absolute advantage in the production of two goods over Tommy, Milk IS MORE PRODUCTIVE IN PRODUCING BOTH GOODS THAN TOMMY.
A country or an individual is said to have absolute advantage in producing a good if the person can produce the good more efficiently economic wise.
6 0
3 years ago
Alan krueger conducted a survey of fans at the 2001 super bowl who purchased tickets to the game for​ $325 or​ $400. krueger fou
Gekata [30.6K]
These results are evidence of "<span>the endowment effect".</span>

The endowment effect<span>, in behavioral finance<span>, portrays a situation in which an individual qualities something that they officially possess more than something that they don't yet claim. Studies have indicated over and again that individuals will esteem something that they effectively claim more to a comparable thing they don't possess. It doesn't make a difference if the thing being referred to was bought or gotten as a gift, the impact still stays.</span></span>

5 0
4 years ago
what is budget head no.of other goods , furnishing goods , repair and maintenance , printing charges , office supplies ?​
siniylev [52]

Answer:

Budget expenditure part

B.H. No. Budget heads Annual Appropriation of Budget

22311 Office expenses 58,000

22121 Rental charges 30,000

22711 Miscellaneous expenses 11,000

29311 Furniture 1,50,000

5 0
3 years ago
Other questions:
  • Kyle accepted a job at Brenton Manufacturing. During his training, he was told that defective and poor-quality products were una
    14·1 answer
  • Problem 24-6A Payback period, break-even time, and net present value LO P1, A1
    14·1 answer
  • What is the most likely effect of the development of XBOX with DVD capabilities on the DVD player industry? a. ​decreased price
    9·1 answer
  • The management at torque autos inc. and redwing automobiles inc. realized that by combining the two entities the stakeholders of
    12·1 answer
  • LeBlanc Inc. currently has earnings of $10 per share, and investors expect that the earnings per share will grow by 3 percent pe
    14·1 answer
  • Abica Roast Coffee Company produces Columbian coffee in batches of 6,000 pounds. The
    12·1 answer
  • 1. Which of the following increases when the Fed makes open-market sales?
    6·1 answer
  • Suppose the United States maintains a price floor for spinach. This policy might decrease revenues for spinach farmers if the: m
    14·1 answer
  • How could the adoption of blockchain within a supply chain help the world become more sustainable and, in some cases, eco-friend
    14·1 answer
  • The owner of a bicycle repair shop forecasts revenues of $236,000 a year. Variable costs will be $69,000 and rental costs for th
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!