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
lawyer [7]
3 years ago
7

If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years

assuming a 12% annual return and quarterly compounding?
Business
1 answer:
Basile [38]3 years ago
7 0

Answer:

The Final Value is $40,305.56

Explanation:

Giving the following information:

Gerry deposits $1,500 at the end of each quarter for five years.

Interest rate= 12% quarterly compounding

To calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit= 1,500

i= 0.12/4= 0.03

n= 5*4= 20

FV= {1,500*[(1.03^20)-1]} / 0.03

FV= $40,305.56

You might be interested in
On April 30, 2017, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, w
Dmitriy789 [7]

Answer:

$6,666.67 and $10,000

Explanation:

The computation of the depreciation expense for the year 2017 and 2018 is shown below:

= (Original cost - residual value) ÷ (useful life)  

= ($88,000 - $8,000) ÷ (8 years)  

= ($80,000) ÷ (8 years)  

= $10,000

Since the machinery is purchased on April 30 and we assume the books are closed on December 31 so the number of months calculated is 8 months

Therefore for the year 2017 the depreciation expense is

= $10,000 × 8 months ÷ 12 months

= $6,666.67

And, for the year 2018 the depreciation expense is same i.e $10,000

6 0
3 years ago
Tuity fruity beverage​ company's operating activities for the year are listed below. purchases ​$140 comma 500 operating expense
Greeley [361]

Answer:

$135,100

Explanation:

Given :

Cost of purchasing: $140,500

Operating expenses :$80,600

beginning inventory:$12,900

Ending inventory:$18,300

sales revenue :$300,700

Gross profit of the year can be determined by

Cost of purchasing + beginning inventory - Ending inventory

=140,500 + 12,900 -18,300

=$153,400-$18,300

=$135,100

8 0
3 years ago
The organization of 183 countries, all of which have signed treaties to protect intellectual property rights, is known as
nignag [31]
It is known as "World Intellectual Property Organization".

In 1967 the World Intellectual Property Organization was created to encourage and protect intellectual properties. It is also part of United Nation's seventeen specialized agencies. Though it was started with 183 members, overtime the number increased and as of 2016 it had 189 members with headquarters in Switzerland. 
8 0
3 years ago
People generally file for bankruptcy because they:
valentina_108 [34]
The correct answer is A) Have more debt than they can pay because there are laws, generally by the state, that limit when people can file for bankruptcy. You are not allowed to file for bankruptcy unless you are unable to afford your debts. Choices B, C, and D, along with being illegal, are also unethical, especially in terms of business.
3 0
3 years ago
The theory of ______ states that the prices of tradable goods, when expressed in a common currency, will tend to equalize across
IgorLugansk [536]
The answer is; Purchasing Power Parity.

<em>Hope this helped! :)</em>
3 0
3 years ago
Other questions:
  • Cullumber Corporation has these long-term investments:
    5·1 answer
  • Michelle symonds suggested a set of seven deadly sins of project management, that is, the common mistakes that companies commit
    12·2 answers
  • ] A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to 1,001 units, its total cost wo
    7·1 answer
  • Bad girls not allowed<br><br>need a good friend<br><br>373 629 9840<br><br>444000​
    7·2 answers
  • George worked 14 more hours than hengry during April. What more do you need to know to find how many hours George worked in Apri
    7·1 answer
  • The​ risk-free rate is 3.4​% and you believe that the​ S&amp;P 500's excess return will be 11.9​% over the next year. If you inv
    5·1 answer
  • How do aggregate demand and aggregate supply differ from regular demand and supply?
    8·1 answer
  • On November 1, 2019, Peaches Consulting Service paid $4,800 for 12 months of advance rent on its office space. The correct adjus
    14·1 answer
  • Teams often fail because
    15·2 answers
  • chuck, a single taxpayer, earns $77,250 in taxable income and $12,100 in interest from an investment in city of heflin bonds. (u
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!