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
riadik2000 [5.3K]
3 years ago
14

Nick inherited $150,000, which he immediately invested into a fund that will earn 10% per annum. if interest is compounded semi-

annually, in five years the investment will grow to
Business
1 answer:
UkoKoshka [18]3 years ago
5 0

First calculate the effective interest rate because the problem says that the interest is compounded semi-annually. The formula for effective interest rate is ieff= [(1+i/n)^n] – 1. The calculated effective interest rate is 10.25%. The value of the investment in 5 years could be calculated using the equation, FV= PV (1+i)^n. The value of the investment  then would be $244,334.194. 

You might be interested in
The budget is one of the three values of earned value management and is also known as _____. a. actual cost b. indirect cost c.
enot [183]

Answer:

The correct answer is d. planned value

Explanation:

Among project managers, the Earned Value is one of the most demanded requirements of management tools. When we talk about it, we refer to Earned Value Management (EVM), a series of parameters that advise on the operation of the project based on a planning. The Earned Value will inform us of the cost and time deviations of the project. So, thanks to its functionality, we can make faster and more effective decisions, based on concrete data about the reality of the work performed.

4 0
3 years ago
On January 1, 2021, G Corp. granted stock options to key employees for the purchase of 87,000 shares of the company's common sto
vredina [299]

Answer:

the  compensation expense for the year is $327,120

Explanation:

The computation of the compensation expense for the year is given below:

= (Number of stock options to be purchased × (1 - forefeiture percentage) × fair value per option)) ÷ 2

= (87,000 shares × (1 - 0.06) × $8)) ÷ 2

= $327,120

Hence, the  compensation expense for the year is $327,120

The same should be considered and relevant too

8 0
2 years ago
Chess Top uses the perpetual inventory system. On May 1st, the beginning inventory consisted of 480 units that cost $65 each. Du
Lyrx [107]

Answer:

the amount of the cost of goods sold is $55,120

Explanation:

The computation of the cost of goods sold for the month is shown below:

Since 800 units were sold out of which 360 units would sold at $70 and the remaining units i.e. 440 units would be sold at $68

= 360 units × $70 + 440 units × $68

= $25,200 + $29,920

= $55,120

Hence, the amount of the cost of goods sold is $55,120

5 0
3 years ago
Who is affected by our government’s fiscal policies?
Norma-Jean [14]

The answer is C- The entire economy

3 0
2 years ago
A type of kitchen knife with a sharp point and a narrow blade. It is used in food
Scrat [10]

Answer:

The answer is C. Boning knife

3 0
2 years ago
Other questions:
  • If the demand for a good falls by less than the supply of the good rises, then the good’s equilibrium price will __________ and
    11·1 answer
  • Outline the roles of double-stranded RNA (dsRNA) in eukaryotic gene regulation. Select all that apply. (A) dsRNA can inhibit gen
    7·1 answer
  • The manager at Screaming Trees has been trying to calculate the portion of the​ company's overhead expenses that is fixed and th
    6·1 answer
  • What is MVP and what does it mean?
    7·1 answer
  • using the aging of accounts receivable, Age Old, Inc. estimates that $90000 of its 4000000 of accounts receivable will be uncoll
    12·1 answer
  • "Issues such as marketing’s position and authority in a firm’s hierarchy, the customer orientation of the firm, and the emphasis
    15·1 answer
  • Paula owns a variety store in a tourist town. The store recently went online, and the response has been remarkable. The store’s
    8·1 answer
  • Which of the following statements is true of the Age Discrimination in Employment Act?
    11·1 answer
  • Which of the following statements is incorrect regarding the process of building a company's brand, particularly for young firms
    14·1 answer
  • 1. How much would you pay for a share of stock paying a dividend​(cash payout ​C) of ​$4 to be paid in one​ year, a known sellin
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!