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Helen [10]
3 years ago
10

You have an investment that will pay you 1.18 percent per month. a. How much will you have per dollar invested in one year? (Do

not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have per dollar invested in two years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
fiasKO [112]3 years ago
6 0

Answer:

The correct answer for option (a) is $1.15 and for option (b) is $1.33.

Explanation:

According to the scenario, the given data are as follows:

Present value (PV) = $1

Rate of interest (R) = 1.18% per month

Time period (for option a) (t1)= 12 months

Time period ( for option b) (t2)= 24 months

So, we can calculate the future value by using following formula:

FV = PV × ( 1 + R )^t

(a). By putting value in the formula:

FV = $1 ( 1 + 0.0118)^12

= $1 × 1.1511610877

= $1.15

FV = PV × ( 1 + R )^t

(b). By putting value in the formula:

FV = $1 ( 1 + 0.0118)^24

= $1 × 1.32517184983

= $1.33

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Gnom [1K]

Answer:

4 years

Explanation:

It takes 4 years to accumulate the required amount.

5 0
3 years ago
At the local ballpark, the team charges $5 for each ticket and expects to make $1,400 in concessions. the team must pay its play
Sphinxa [80]
To break even they must be able to sell 1,100 tickets during the event. 

The immediate cost is set at
$2,000 (player fees) + $1600 (worker fees) = $3,600

Assuming that fans would reach around 200 people that would be:
$3 X 200 =$600 (free bat costing)

Overall cost would be at: $3,600 + $600 = $4,200

To break even the computation will be as follows: 
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6 0
3 years ago
6. Please list and describe your current involvement in the community. Do you volunteer for any local agencies, participate in a
Gwar [14]

there are 5 ways to participate in your community

1 volunteer your time

2 donate your resources

3 shop locally

4 join a class or group

5 support your local sports teams

6 organise your own event

Hope it is helpful

7 0
2 years ago
a company has net sales of $126,000, cost of goods sold of $72,000, operating expenses of $38,000, and other expenses of $3,000.
earnstyle [38]

Answer:

$13,000

Explanation:

Net income= net sales -net expenditure

in this case:

net sales=$126,000

net expenses =  $113,000 {COGS + operating exp.+other exp.}

Net income= $126,000-$113,000

                    =$13,000

3 0
3 years ago
. Boeing is incorporated in Seattle, Washington. It has a large facility in Huntsville, Alabama, and is considered a(n) ____ in
umka2103 [35]

Answer:

The answer is: c

Explanation:

A domestic corporation is a company that conducts business in the state or country where the company was incorporated. A foreign corporation is a company that conducts business in a state or country other than the state or country where the company was incorporated. An alien corporation is a company that conducts business in any other country other than the country where the company was incorporated. Boeing was incorporated in Seattle, Washington but conducts business in Alabama which is a different state. In Alabama, Boeing is a foreign corporation but in Washington, it is a domestic corporation.

5 0
3 years ago
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