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posledela
3 years ago
15

A principal of $2700 is invested at 8.75% interest, compounded annually. how much will the investment be worth after 8 years

Business
1 answer:
Goshia [24]3 years ago
5 0
The formula for compounding interest is

F= P(1+i)^n

where F is the future worth, P is the principal amount, i is the interest, and n is the number of years. Applying this equation,

F = 2700(1+0.0875)^8
F = $ 5282

I hope I was able to help you with this. Have a good day!
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Which of the following statements regarding a balanced scorecard is correct? Multiple Choice A balanced scorecard includes non-f
Fynjy0 [20]

Answer:  All of these are correct answers.

Explanation: In simple words, Balanced scorecard refers to the strategic management system in which the organisational tries to communicate to the stakeholders what is their ultimate goal and what are they trying to establish.

In such a process, the managers of the organisation translate their mission statement relating to various aspects of customer service and declares their course of actions regarding the activities that really matters to the customers.

Hence from the above we can conclude that all the statements are correct in the given case.

4 0
4 years ago
Arondale Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of
german

Answer:

Annual Rate of Return = 12%

Effective Annual Rate of Return = 9.6%

Explanation:

Nominal Annual Rate of return = \frac{Dividend\: per\: share\: for\: each\: year}{Par\: price\:per\:share} \times 100

Annual Dividend per share = $3 per quarter \times 4 = $12 per share

Current price per share = $125

Par Price per share = $100

Thus Annual Rate of return = $12/$100 = 12%

Effective Annual Rate of Return = \frac{Dividend\: per\: share\: for\: each\: year}{Current\: price\:per\:share} \times 100

= \frac{12}{125} \times 100 = 9.6%

Final Answer

Annual Rate of Return = 12%

Effective Annual Rate of Return = 9.6%

4 0
3 years ago
Security M has expected return of 17% and standard deviation of 32%. Security S has expected return of 13% and standard deviatio
Murljashka [212]

Answer:

0.047424

Explanation:

Given that

Expected return of security M = 17%

Standard deviation of Security M = 32%

Expected return of security S = 13%

Standard deviation of security S = 19%

And, the correlation coefficient = 0.78

So, by considering the above information the co variance is

=  Correlation coefficient × Standard deviation of Security M × Standard deviation of security S

= 0.78 × 0.32 × 0.19

= 0.047424

5 0
3 years ago
5. Max prepares a tax return for Ali at a VITA/TCE site. He finds out during the interview that Ali has no health insurance. Aft
solmaris [256]
Ion know and I wish I did good luck lol
3 0
3 years ago
Penningtons Superstore, which specializes in plus-size fashions for women, wanted to see if it should add a line of plus-size ju
Julli [10]

Answer: (C) Collect relevant information    

Explanation:

According to the given question, the Pennington superstore is one of the women fashion store which is specialized in the Plus- size and based on the given statement it basically reflect the relevant information marketing research process.

The process of collecting the relevant information about the specific topic helps in analyzing the necessary data about the company on the basis of the customer requirement.

According to the given question, the process of reflecting about the relevant marketing research information is to collect the relevant data or information on the specific concept.

Therefore, Option (C) is correct answer.    

4 0
3 years ago
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