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
gayaneshka [121]
4 years ago
12

What would be the future value of a saving account starting 700.00 earning four percent(compound annually) after 10 years?

Business
1 answer:
Kazeer [188]4 years ago
5 0

Let's use the formula for compounding interest.

F = P(1+i)^n

where

P is the present worth

i is the interest

n is the number of years

F is the future worth or future value

Substituting the values,

P = 700; i = 0.04; n = 10

F = 700 (1+0.04)^10

F = 1,036.71

Hence, after 10 years, the future value would be 1,036.71.

You might be interested in
Why did many artisans, manufacturers, and shopkeepers in the middle colonies in the eighteenth century prefer servants' labor ov
dolphi86 [110]

Answer:

they can receive more work for less pay from the servants as opposed to the wage workers

Explanation:

Based on the information provided within the question it can be said that they preferred servants' labor more because they can receive more work for less pay from the servants as opposed to the wage workers. At that time roughly four months of workers' wages would pay for about five or six years of servant labor, thus leading to a massive increase in savings for the employer.

7 0
4 years ago
Properly addressing the customer's needs the first time they call, eliminating the need for a second call, is called ___________
fiasKO [112]

There are different aspect of customer service. Properly addressing the customer's needs the first time they call, eliminating the need for a second call, is called first call resolution.

<h3>Customer relationship management (CRM)</h3>
  • In customer relationship management (CRM), we can say that first call resolution is simply the right step taken in addressing the customer's need especially when they call in the first time.

Conclusively, This helps to remove the need for the customer to be follow up on with second call and thus strengths customer relationship with the brand.

Learn more about customer relationship management from

brainly.com/question/25656282

7 0
3 years ago
Jordan has inherited some money and he wants to put it into an account
kvv77 [185]

Answer:

The correct answer is the third option: High Yield Savings Account.

Explanation:

To begin with, the name of <em>"High Yield Savings Account"</em> refers to a financial tool whose purpose is to act as a deposit account in order to save money with the plus of getting a higher interest rate than in other traditional saving accounts and also offers better returns than traditional checking accounts. Moreover, this typo of account does also tends to come with no monthly fees and low fees for certain situations like having non-sufficient funds. That is why this is best option for Jordan in order to save the money that he inherited.  

6 0
4 years ago
A _____ maintains limited liability but offers more flexibility in terms of tax treatment than other forms of business ownership
yarga [219]
It seems that you missed the given choices for this question. But the answer that would complete the given statement above is LIMITED LIABILITY COMPANY. A limited liability company <span>maintains limited liability, but offers more flexibility in terms of tax treatment than other forms of business ownership. Here are the other options: Sole Proprietorship, corporation and limited liability partnership. </span>
8 0
3 years ago
Suppose that you buy a TIPS (inflation-indexed) bond with a 1-year maturity and a coupon of 7% paid annually. Assume you buy the
Kryger [21]

Answer:

at maturity I will receive 1,155.6

the real return is 7%

the nominal will be 15.56%

Explanation:

As it is indexed it will paid a real rate of 7% adjusted for 8% inflation

1,000(1+r)(1+\delta)=Amount

1,000 x 1.07 x 1.08 = 1,155.6 received at maturity

no know the nominal rate we do:

\frac{Amount}{Principal}-1

\frac{1,155.6}{1,000}-1

nominal = 0.1556 = 15.56%

7 0
3 years ago
Other questions:
  • Juan is a very smart individual in a company. While he works hard, he sometimes is perceived by his co-workers as condescending.
    5·1 answer
  • You deposited $500 each month into your new ira account at the beginning of each month. there was no previous balance. you were
    9·2 answers
  • The critical care unit of a hospital utilizes team huddles at change of shift. This is an opportunity for the clinical superviso
    14·1 answer
  • Macon Enterprises purchased land for $2,000,000 in 2001. In 2017, an independent appraiser assessed the value at $3,400,000. Wha
    13·1 answer
  • The Cash account of Snug as a Bug Security Systems reported a balance of $ 2 comma 570 at December 31​, 2018. There were outstan
    5·1 answer
  • Which type of business is best for Juanita to start? A corporation, because she needs a large investment to get started a sole p
    5·2 answers
  • Salma asked Lillie, "How did you do in the final assessment?" Lillie responded, "I knew everything!" Salma said, "So you can exp
    12·1 answer
  • An association that Korean Americans are able to use to pool their money together and provide grants to subsidize the startup co
    10·1 answer
  • Superstition Industries has a $2,000,000 asset investment and is subject to a 30% income tax rate. Cash inflows from the project
    8·1 answer
  • Callable preferred stock is likely to be redeemed by the issuer if? a interest rates rise b interest rates fall c the common sto
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!