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
lana [24]
3 years ago
15

A deposit of $800 is planned for the end of each year into an account paying 8 percent/year compounded annually. The deposits we

re not made for the tenth and eleventh years. All other deposits were made as planned. What amount will be in the account after the deposit at the end of year 25?
Business
1 answer:
SSSSS [86.1K]3 years ago
8 0

Answer:

The amount in 23 years will be A = $4697.17

Explanation:

Using the Formula

A = P(1 + r/n){nt}

Where:

A deposit of (Principle) $800

Interest Rate =8% or 0.08

Compounded annually  (t) = 1

Number of years  (n) = 25-2 = 23 years

Applying the figures into the formula:

A = 800(1 + 0.08/1){1 *23}

A = 800(1 x 0.08){23}

A = 800(1.08){23}

A = 800(5.8715)

A = $4697.17

You might be interested in
This scenario is an example of how a shift in demand can be created by---
tester [92]

Answer:

D

Explanation:

I got this answer due to how the costumer preference had nothing to due with the price

4 0
3 years ago
Greenleaf Manufacturers, Inc. projected sales of 86,000 machines for 2022. The estimated January 1, 2022, inventory is 7,500 uni
Burka [1]

the budgeted production (in units) for 2022 will be 98,100

Production + opening stock= sales+ closing stock

Production + 7,500= 86000 + 19600

Production = 98,100

What do you mean by production budget?

The sales forecast and the anticipated amount of finished goods inventory to be on hand are combined to create the production budget, which determines the number of products that must be made (usually as safety stock to cover for unexpected increases in demand).

How important budgeting is in production process?

A production budget aids the business in planning output levels for varying demand times. A corporation can use the downtime to make an extra products to have on hand for a future period when demand increases if it anticipates that demand and production levels will be low in a month.

Learn more about production budget: brainly.com/question/18803390

#SPJ4

3 0
2 years ago
Which component of the amps model most appropriately addresses the axiom, "your data won’t speak unless you ask it the right dat
8090 [49]

Ask me a question component of the amps model most appropriately addresses the axiom, "your data won’t speak unless you ask it the right data analytics questions.

All optimization problems consist of three components: objective function, decision variables, and constraints. When we talk about formulating an optimization problem, we mean transforming the "real world" problem into the formulas and variables that make up these three components.

The prescriptive of the amps model analysis is action. This type of analysis tells the team what to do based on the predictions made. Being the most complex type, less than 3% of businesses use him.

Learn more about the amps model at

brainly.com/question/8586813

#SPJ4

6 0
2 years ago
A<br> person who<br> owns stock in a<br> corporation.
Dahasolnce [82]
Shareholder or stockholder
4 0
3 years ago
Why would a business owner lower the price of a product?
Gnesinka [82]
Yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp
6 0
3 years ago
Read 2 more answers
Other questions:
  • Compute the present value of​ $46,000, invested for six years at​ 8%. Present value of​ $1: ​5% ​6% ​7% ​8% ​9% 3 0.864 0.840 0.
    10·1 answer
  • In terms of delivering a presentation, explain how a slide presentation differs from a lecture?
    15·1 answer
  • You have developed the following data on three stocks: Stock A has a standard deviation of .15 and a Beta of .79. Stock B has a
    8·1 answer
  • Determine the following:_______
    9·1 answer
  • While rachael, a psychology major at the local university worked frantically at her job at groovy rags retail in anticipation of
    8·1 answer
  • Upon examination of his mortgage document, Jared finds a clause stating he will owe additional interest if he pays off his loan
    13·1 answer
  • As in the previous Participation Exercise, the Khalid Company manufactures and sells Paso-the-Salsa, which is a bottled condimen
    9·1 answer
  • An improvement in a country's balance of payments means a decrease in its balance of payments deficit, or an increase in its sur
    11·1 answer
  • Hailey, a lawyer on the staff of International Group, always considers the consequences of an action rather than the nature of t
    14·1 answer
  • What concerns might a gap employee working in one of its stores have because of its social stance?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!