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
Charra [1.4K]
3 years ago
12

Bradley snapp has deposited $7,000 in a guaranteed investment account with a promised rate of 6% compounded annually. he plans t

o leave it there for 4 full years when he will make a down payment on a car after graduation. how much of a down payment will he be able to make? select one:
a. $1,960.00
b. $2,175.57
c. $8,960.00
d. $8,837.34
e. $9,175.57
Business
1 answer:
allsm [11]3 years ago
5 0
P = $7,000, principal
r = 6% = 0.06, rate
n = 1, compounding interval
t = 4 years

Calculate the value after 4 years.
A = 7000*(1 + 0.06)⁴
   = $8,837.34

Answer: d. $8,837.34
You might be interested in
Which of the following questions is an example of macroeconomics?
alex41 [277]

Answer:

C. If federal taxes are decreased will consumer spending increase?

Explanation:

One keen question that falls under the domain of macroeconomics is the behavior of consumer spending when taxes are decreased.

  • Macroeconomics presents approaches the study of the economy in a holistic way.
  • Every aspect of the economy is considered before strategic economic decisions are taken.
  • Interest rates, inflation, unemployment rate, foreign trade etc. are all categorized under macroeconomics.
8 0
2 years ago
Assume that Wizard Internet is operating as a general partnership, what is Caleb's personal tort liability for Anna's actions wi
shutvik [7]

Answer: The correct answer is "D. Caleb is personally jointly and severally liable along with Anna.".

Explanation: Caleb is personally jointly and severally liable along with Anna. When there is joint and several liability, a person has the right to claim payment of a debt or compensation for damage to any of those responsible or even all of them, without anyone being able to excuse themselves to evade their responsibility.

6 0
3 years ago
Gas is sold for 1.399 per liter in san diego, ca. your car needs 12.00 gallons. how much will your credit card be charged in dol
vovikov84 [41]

The answer is C: $63.54. The credit card will be charged $63.54 in Canadian dollars for 12.00 gallons of gas.

Solution:

Gas is sold per liter in Toronto, Canada for = $1.399

Car needs = 12.00 gallons

12 galloons = 45.4249 liters

Therefore, 45.4249 liters of gas = 45.4249 * 1. 399

                                                      = 63.54

Thus, The credit card will be charged $63. 54 for 12.00 gallons of gas.

The official currency of Canada is the Canadian dollar (sign: $; code: CAD; French: dollar canadien). There is no standard disambiguating form; nevertheless, prominent style guides frequently recommend the abbreviation Can$ to distinguish it from other dollar-denominated currencies. It is abbreviated with the dollar sign $. There are 100 pennies in it.

Gas is sold for $1.399 per liter in Toronto, Canada. Your car needs 12.00 gallons. How much will

your credit card be charged in Canadian dollars?

A) $67.15

B) $16.79

C) $63.54

D) $4.44

Learn more about Canadian dollars here:

brainly.com/question/18246498

#SPJ4

3 0
1 year ago
Weighted average cost of capital American​ Exploration, Inc., a natural gas​ producer, is trying to decide whether to revise its
saw5 [17]

Answer:

American​ Explorations current​ WACC is 9%

Explanation:

The computation of WACC is shown below:

= (Cost of equity × equity percentage) + (after-tax cost of debt × debt percentage)

= (12% × 50%) + (6% × 50%)

= 6% + 3%

= 9%

Since we have to compute only current WACC so we considered the 50-50 ratio. Hence, we ignored 70% cost of debt

WACC shows a relationship between debt, equity and the preferred stock.

3 0
3 years ago
Which of these statements about a business plan is true?
ioda

Answer:

<em />

  • <u><em>C. A business plan is a business’s roadmap for the future.</em></u>

Explanation:

A <em>business plan</em> states formally the goals of the company; it shows the tasks that must be performed to reach those big goals and shows the financlal ways that could or should be used to accomplish the goals.

The business plan permits to understand how the business work and, thus, gives the basis for future actions. It is a tool of organization, direction, and communication, and the basis to develop a financial plan. In brief words: what the company wants to do and how it inteds do it.

<em>A. Businesses do not need to document a business plan.</em>

FALSE.

The business plan must be formal, not just an idea or view in the mind of the owners or managers, as such it must be documented.

<em>B. Established businesses do not create a business plan.</em>

FALSE.

Business plans change with time. As much as starting business, established business must periodically review the conditions and goals and update, or even importantly change the business plan.

<em>C. A business plan is a business’s roadmap for the future.</em>

TRUE.

Business plan gives direction, the ways to reach the goals, the tasks to be performed.

<em>D. A business plan guarantees a business’s success.</em>

<em />

FALSE.

Success is never guaranteed. Risk is intrinsic to all the human activities. Complexity of human interactions and changing circumstances do not permit to guarantee that a plan guarantees the success. That is why business plans must be revised and ajusted or changed to adapt the goals and the actions to be the most sucessfull possible, but without guarantees.

6 0
3 years ago
Other questions:
  • Roseanna asked Henry, one of her team members, to purposefully think of and voice criticisms as the group discussed a popular id
    5·1 answer
  • Direct materials used for the period cost $66,000; Direct labor cost $80,000; Applied overhead was $60,000; Beginning work in pr
    14·1 answer
  • Lynda Jones College Plan On her 10th birthday Linda Jone's parents decide to deposit $4,000 in a 529 account for their daughter
    9·1 answer
  • A techno entrepreneur
    10·1 answer
  • During 2019, its first year of operations, Bento Steel Corporation reported a net operating loss of $500,000 for financial repor
    7·1 answer
  • What is the relationship between Audit and tax services?
    11·1 answer
  • Describe the steps that should be followed to safely exit an expressway
    9·1 answer
  • A customer invests 50000. 10 years later, the investment is worth 100000. the customers annual compouned rate of return is?
    13·1 answer
  • Garcia Industries has sales of $176,500 and accounts receivable of $18,500. Assume all sales to be on credit. The industry avera
    12·1 answer
  • What is judiciary and executive?<br>​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!