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3 years ago

Suppose you invest $2500 each year in a savings account that earns 12% per year. How much will be in the account in 10 years?

Business

1 answer:

iVinArrow [24]3 years ago

4 0

Answer:

Final Value= $43,871.84

Explanation:

Giving the following information:

Suppose you invest $2500 each year in a savings account that earns 12% per year.

Number of years= 10

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

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

A= annual deposit= 2,500

i= 0.12

n=10

FV= {2,500*[(1.12^10)-1]}/0.12= $43,871.84

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professor190 [17]

Answer:

We can assume companies form country A export to country B. Country B's economy is very large and many domestic and foreign firms compete in it. High levels of competition will eventually lower the costs of products sold in a market, so the products sold in Country B have relatively low prices.

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3 years ago

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

quester [9]

Answer:

$61,200

Explanation:

The computation of the total period cost for the month under absorption costing is shown below:

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As we know that the period cost includes the major part of the selling expenses and we applied the same for the above computation

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3 years ago

Costello Corporation reported pretax book income of $500,900. During the current year, the reserve for bad debts increased by $6

raketka [301]

Answer:

Deferred income tax expense = $7,161

Explanation:

Given:

Bed debts increase = $6,800

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Computation:

Assume tax rate = 21%

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6 0

2 years ago

Suppose you just bought a 25-year annuity of $8,200 per year at the current interest rate of 12 percent per year. What is the va

zhannawk [14.2K]

Answer:

64,313.74 ; 95,559.38 ; 47,283.11

Explanation:

by definition the present value of an annuity is given by:

$a_{n} =P*\frac{1-(1+i)^{-n} }{i}$

where $a_{n}$ is the present value of the annuity, $i$ is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have: