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Nezavi [6.7K]
3 years ago
8

You recently invested $18,000 of your savings in a security issued by a large company. The security agreement pays you 6 percent

per year and has a maturity three years from the day you purchased it. What is the total cash flow you expect to receive from this investment over the next three years?
Business
1 answer:
Yuri [45]3 years ago
3 0

Answer:

At the end of the three years period, the amount to recieve will be for $7,146.1

Explanation:

18,000 savings at 6% during three years.

we will calcualte the future value of a lump sum:

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

Principal 6,000.00

time 3.00

rate 0.06000

6000 \: (1+ 0.06)^{3} = Amount

Amount 7,146.10

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Read 2 more answers
Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2021. In October 2021, Rick Co.'s Board of Direc
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Answer:

Debit retained earnings for $15.30 million.

Explanation:

As per the data given in the question,

Declaration of common stock dividend indicates no cash payments, only extra shares issued with rate of stock dividend

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In horizontal analysis the percent change is computed by: Multiple Choice Subtracting the analysis period amount from the base p
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Answer:

Subtracting the base period amount from the analysis period amount, dividing the result by the base period amount, and then multiplying that amount by 100.

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