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liberstina [14]
3 years ago
11

What amount of cash would result at the end of one year, if $15,000 is invested today and the rate of return is 8%

Business
1 answer:
Leona [35]3 years ago
6 0

Answer:

Amount of cash at the end of one year is $16,200

Explanation:

Amount invested = $15,000

Rate of return = 8%

Amount at the end of one year = $15,000 + (0.08×$15,000) = $15,000 + $1,200 = $16,200

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4 0
3 years ago
Kelly Company issued $100,000 of 5%, 10-year bonds at 102 to a single investor. Each of the $1,000 bonds was convertible into 10
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