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valkas [14]
2 years ago
10

Staci invested $950 five years ago. Her investment paid 7.2 percent interest compounded monthly. Staci's twin sister Shelli inve

sted $900 at the same time. But Shelli's investment earned 8 percent interest compounded quarterly. How much is each investment worth today?
Business
1 answer:
AysviL [449]2 years ago
5 0

Answer:

$1,360.20 and $1,337.35

Explanation:

In this question, we have to used the Future value formula that is shown below:

Future value = Present value × (1 + rate)^number of years

For Staci, it would be

Present value = $950

Rate =  7.2% ÷ 12 months = 0.6%

Number of years = 5 year × 12 months = 60

So, the future value

= $950 × (1 + 0.6%)^60

= $950 × 1.431788412

= $1,360.20

For Shelli,  it would be

Present value = $900

Rate =  8% ÷ 4 quarters = 2%

Number of years = 5 year × 4 quarters = 20

So, the future value

= $950 × (1 + 2%)^20

= $950 × 1.485947396

= $1,337.35

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Answer:

$1,680

Explanation:

Based On the information given if on July 1 the company paid the amount of $3360 as a premium on a year insurance policy which as well include benefits beginning on that date, What will be the insurance expenses on the annual income statement for the first year ended December is $1,680 Calculated as:

Insurance expenses=6/12*$3360

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If the CEO of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager),
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Answer:

a. The division’s basic earning power ratio is above the average of other firms in its industry.

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7 0
3 years ago
Which option most accurately explains what take-home pay is?
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The answer is letter C
7 0
3 years ago
Estimated cash flows appear below for an investment project. The project is required rate of return (IRR) is 11.40%. What is the
daser333 [38]

Answer: 3.83 years

Explanation:

The Discounted Payback period is used to determine how long it would take a project to payback the investment made in it given required return adjusted cashflows.

Year 1.

= 17,000 / ( 1 + 11.4%)

= $15,260

Year 2

= 20,000/ 1.114²

= $16,116

Year 3

= 27,000/1.114³

= $19,530

Year 4

= 30,000/1.114⁴

= $19,480

Investment Balance up to year 3

= -67,000 + 15,260 + 16,116 + 19,530

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