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krok68 [10]
2 years ago
15

Jacob is saving up for a down payment on a car. He plans to invest $2,000 at the end of every year for 5 years. If the interest

rate on the account is 2.25% compounded annually, what is the present value of the investment? a. $5,666.58 b. $10,461.24 c. $9,358.91 d. $37,731.88
Business
2 answers:
Damm [24]2 years ago
7 0

The answer would have to be B

Mrac [35]2 years ago
6 0

Answer: $9,358.91

Explanation:

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According to revised weight-loss prediction equations, a deficit of 10 kilocalories per day leads to an average weight loss of _
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3 years ago
In 2016, Chartres Inc., issued for $105 per share, 60,000 shares of $100 par value convertible preferred stock. One share of pre
faltersainse [42]

Answer:

Total amount should be credited to additional paid-in capital from common stocks as a result of the conversion of the preferred stock into common stock: $1,800,000 .

Explanation:

Please find the detailed calculations and explanations as below:

Total Cash amount received from preferred share issuance: 105 x 60,000 = $6,300,000;

The $6,300,000 will be credited into two owner's equity account:

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6 0
3 years ago
Allocative efficiency occurs when the a. minimum of average total cost equals average revenueb. minimum of average total cost eq
Usimov [2.4K]

Answer: Allocative efficiency occurs when the<u><em> marginal cost equals the marginal benefit to society</em></u>

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