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JulijaS [17]
3 years ago
14

What is the future value of $12,000 after 5 years if the appropriate interest rate is 6%, compounded semiannually?

Business
1 answer:
gladu [14]3 years ago
6 0

Answer:

FV = $16126.99655 rounded off to $16127

Explanation:

To calculate the future value of a sum of money, we simply multiply the present value by (1 + interest rate) for the period of time that we require the amount to be compounded. Thus, the formula for the future value of a sum of amount with annual compounding is,

FV = P * (1+i)^t

Where,

  • FV is future value
  • PV is present value
  • i is the interest rate
  • t is the period of time

For semi annual compounding, we simply divide the annual i by 2 and multiply the t by 2. So, Future value of an amount with semi annual compounding will be,

FV = P * (1 + i/2)^t*2

FV = 12000 * (1 + 0.06/2)^5*2

FV = 12000 * (1+0.03)^10

FV = $16126.99655 rounded off to $16127

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Southwest Airlines employees all know about when CEO Herb Kelleher visited one of the airline's hangars in the middle of the nig
Galina-37 [17]

Answer:

Story

Explanation:

Organizational culture includes an organization's expectations, experiences, philosophy, as well as the values that guide member behavior, and is expressed in member self-image, inner workings, interactions with the outside world, and future expectations.

So Herb Kelleher's visit that night will act as a story in the organizational culture because of the impart it had on everyone.

8 0
3 years ago
Read 2 more answers
It can be a significant challenge to keep the project team ___________ as the project nears completion.
kherson [118]

As a project nears is completion, it has been found that it becomes a significant challenge to get the project team to remain focused.

<h3>Why does focus reduce as a project nears completion?</h3>

There are several reasons why a project nearing completion would lead to a loss of focus and one of them fatigue from having worked on the project for a certain period of time.

Another reason is that the project team will be getting ready to move onto a new project as the current project comes to an end. As a result, they will focus less on the current project.

In conclusion, teams lose focus as their project nears completion.

Options for this question are:

  • focused
  • working
  • energetic
  • together
  • performing

Find out more on project teams at brainly.com/question/13321211

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5 0
2 years ago
Abby and jason are building a new house. they obtained a construction loan of $100,000, which will be rolled over into a convent
ivann1987 [24]

Answer:

the initial principal balance is $100,000, but it will gain 2% simple monthly interest during 16 months = $100,000 + ($100,000 x 2% x 16) = $132,000

the mortgage loan's principal = $132,000

APR = 12%

n = 30 years or 360 monthly payments

1) using a loan calculator we can determine that the monthly mortgage payment (only  principal + interest) = $1,357.77

2) since they will make 360 monthly payments, they will pay in total = $1,357.77 x 360 = $488,796.71

in total they will pay $$356,796.71  in interest

3 0
3 years ago
The following are all the steps in the accounting cycle. List them in the order in which they should be done. - Closing entries
AlexFokin [52]

Answer:

Answered

Explanation:

The order of steps in the accounting cycle.

1 Transactions are analyzed and recorded in the journal.  

2 Transactions are posted to the ledger.  

3 An unadjusted trial balance is prepared.  

4 Adjustment data are assembled and analyzed.  

5 An optional end-of-period spreadsheet (work sheet) is prepared.  

6 Adjusting entries are journalized and posted to the ledger.  

7 An adjusted trial balance is prepared.  

8 Financial statements are prepared.  

9 Closing entries are journalized and posted to the ledger.  

10 A post-closing trial balance is prepared.

3 0
3 years ago
Payback Period Each of the following scenarios is independent. Assume that all cash flows are after-tax cash flows. Colby Hepwor
Kruka [31]

Answer:

3 years and 4 months

Explanation:

Colby payback period = Investment in book and store / Annual cash income = $400,000 / $120,000 = 3.33 years = 3 years and (0.33 *12) months = 3 years and 4 months.

Therefore, the payback period for Colby is 3 years and 4 months.

7 0
3 years ago
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