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
postnew [5]
3 years ago
14

Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,400 at the end of each of the n

ext 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today
Business
1 answer:
BigorU [14]3 years ago
3 0

Answer:

$3,315.13

Explanation:

To determine the amount of inheritance Marshall should invest today, we have to calculate the present value of $5,400.

PV = FV (1 + r)^-n

FV = Future value = $5,400

P = Present value

R = interest rate 5%

N = number of years 10

$5400(1.05^-10) = $3,315.13

I hope my answer helps you

You might be interested in
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000.
Ostrovityanka [42]

Answer:

Depreciation Expense = $16900

Explanation:

Using the units of production method. I will get the value of depreciation expense for the year 2. The units of production method calculate the value of depreciation using the formula is given below.

Depreciation expense = (Cost - Salvage value) / Total Units of Products x Units of production in second year.

Depreciation expense = ($87000 - $7000) / 400000 x 84500 = $16900

Wickland company will charge depreciation expense of $16900 using the Units of production method as during the second year of Wickland company depreciation expense is $16900.

7 0
3 years ago
Writing down ways you would like your community to improve is an example of ______
IrinaK [193]
Increase capital markets for example profit market
3 0
3 years ago
What are the two main forces that underlie the globalization of markets and production?
blagie [28]
The two forces are:
1. Falling barriers to trade and investments: Many countries of the world now allow their countries to engage in trade with other countries, this has led to increase in globalization of markets and production.
2.Technological innovations: technology has made so many things possible in the business world today.The whole world has been linked up by internet and this makes it easier for a company to market its products to the whole world.
8 0
3 years ago
Which of the following is the reason most people give for transferrin from a two year school to a four year school
dangina [55]

The reason could be that they want a higher education. 4 year degree is more rewarding than a 2 year degree. they want a higher education so they can get a better job that pays them even more. thats my opinion. remember this has to do more with money. the more you prepare yourself the more money you are able to get.

7 0
3 years ago
Mattel teamed with coca-cola to market soda fountain sweetheart barbie. this is an example of ____.
Svet_ta [14]

Mattel teamed with coca-cola to market soda fountain sweetheart barbie. this is an example of cobranding. Co-branding is a marketing approach in which numerous brand names are used on the same product or service as part of a strategic collaboration.

Co-branding (or "cobranding") refers to various different sorts of branding collaborations that often involve the brands of at least two companies. The use of two or more brands to name a new product is known as co branding. The ingredient brands collaborate to achieve their goals. The entire synchronisation between the brand pair and the new product has to be kept in mind.

To learn more about Co-branding, click here.

brainly.com/question/12436812

#SPJ4

6 0
1 year ago
Other questions:
  • Troy Engines, Ltd., Manufactures A Variety Of Engines For Use In Heavy Equipment. The Company Has Always Produced All Of The Nec
    11·1 answer
  • Social security numbers, financial account numbers, credit card numbers, and date of birth are examples of
    8·1 answer
  • Suppose that nominal gdp is $1,000 in 2009 and $1,500 in 2010. if the overall price level _____ between 2009 and 2010, we could
    13·1 answer
  • Assume that MargaretMargaret purchases a 1313​% partnership interest from DaronDaron on June 30 so that MargaretMargaret and Dar
    13·1 answer
  • During the month of June, Rowling Boutique had cash sales of$233,200 and credit sales of $153,700, both of which include the 6%s
    14·1 answer
  • Which of the following is an example of an in-group/out-group dynamic: Select one: a. Organizations across a college campus come
    9·1 answer
  • How can the business sector contribute more positively to the economy​
    8·1 answer
  • Can someone pls answer this economics question? (ignore that i have b selected)
    12·1 answer
  • Flick Company uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of standar
    6·1 answer
  • Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!