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Alex Ar [27]
3 years ago
7

Compute the future value of $1,000 compounded annually for 10 years at 9 percent. (Do not round intermediate calculations and ro

und your answer to 2 decimal places, e.g., 32.16.) b. Compute the future value of $1,000 compounded annually for 10 years at 12 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. Compute the future value of $1,000 compounded annually for 15 years at 9 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Korvikt [17]3 years ago
3 0

Answer:

a.$ 2,367.36

b.$ 3,105.85

c.$ 3,642.48  

Explanation:

The future value formula applicable in all the three cases is stated thus:

FV=PV*(1+r)^n

PV is the amount today which is $1000 in all cases

r is the rate of interest (i.e 9%,12% and 9%)

n is the time the amount is invested( i.e 10,10 and 15 years)

FV=1,000*(1+9%)^10=$ 2,367.36  

FV=1000*(1+12%)^10=$ 3,105.85  

FV=1000*(1+9%)^15=$ 3,642.48  

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Starfish that reproduce by splitting into pieces are reproducing by what
Kipish [7]

Answer:

The answer is fragmentation

Explanation:

Fragmentation is a form of asexual reproduction in which an organism is split into fragments

7 0
3 years ago
The decisions you make at work typically have obvious answers.
Digiron [165]
This is true. A decision made at work typically has an obvious answer. 
3 0
3 years ago
Read 2 more answers
Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate
mylen [45]

Answer:

49%

Explanation:

Material mark up per dollar of material used = Target profit + Percentage of material purchasing , handling and storage

Material mark up per dollar of material used = 25% + (315,900/1,316,250 *100)

Material mark up per dollar of material used = 25% + 24%

Material mark up per dollar of material used = 49%

5 0
3 years ago
On October 1, Eder Fabrication borrowed $60 million and issued a nine-month promissory note. Interest was payable at maturity. I
7nadin3 [17]

Answer:

cash        55,110,929 debit

   note payable      55,110,929 credit

--to record singing of promissory note with discounted interest--

interest expense 1.583.741,77 debit

   note payable              1.583.741,77 credit

--to record accrued interest on note payable --

Explanation:

the note plus interest will be for 60 millions.

So to calcualte the isuance ofthe note we must calculate the present value of a lump sum at 12% discount rate:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  60,000,000.00

time   0.75

rate  0.12

\frac{60000000}{(1 + 0.12)^{0.75} } = PV  

PV   55,110,929.18

then at December 31th we solve for the accrued interest:

Principal \: (1+ r)^{time} = Amount

Principal 55,110,929.18

time 0.25 (3 months over 12 month a year)

rate 0.12000

55110929.18154 \: (1+ 0.12)^{0.25} = Amount

Amount 56,694,670.95

accrued interest: 56,694,670.95 - 55,110,929.18 = 1.583.741,77

8 0
4 years ago
if the marginal propensity to save is 0.12 the marginal propensity to consume(mpc) is the multiplier is
Vlad [161]

Answer:

If the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.

Explanation:

From the question, we are given the following:

mps = Marginal propensity to save = 0.12

The marginal propensity to consume (mpc) and the multiplier can therefore be calculated as follows:

mpc = 1 - mps ........................ (1)

Substituting the values for mps into equation (1), we have:

mpc = 1 - 0.12

mpc = 0.88

Also, we have:

Multiplier = 1 / mps ..................... (2)

Substituting the values for mps into equation (2), we have:

Multiplier = 1 / 0.12

Multiplier = 8.33

Therefore, if the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.

8 0
3 years ago
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