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
nordsb [41]
3 years ago
13

value:a. A savings product requires you to invest the following amounts. 250 today, 450 in one year, 650 in two years, 850 in th

ree years, 1100 in four years. What is the future value (in five years) of these payments, assuming an interest rate of 2.75%
Business
1 answer:
8090 [49]3 years ago
3 0

Answer:

$3,520.65

Explanation:

The calculation  of the future value is given below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

= $250 × (1 + 0.0275)^5 + $450 × (1 + 0.0275)^4 + $650 × (1 + 0.0275)^3 + $850 × (1 + 0.0275)^2 + $1,100 × (1 + 0.0275)^1

= $286.32 + $501.58 + $705.11 + $897.39 + $1,130.25

= $3,520.65

We simply applied the above formula to find out the future value

You might be interested in
Chapter 2 Discussion
Leno4ka [110]

Answer:

1. Many people do not trust businesses that sell products online, especially if they are not familiar with the company’s name. Yet they will walk into a new business in their city and shop with little concern. What causes the difference in people’s views of online businesses versus traditional businesses?

The idea of interactive with a non human entity as a computer make people feel acquard as they distrust what are the final intentions of the person behind the e-shop. They also feel fear as ther dont know where they can go to complain about some deal gone wrong.

2. Do you agree with Dontae that it is easier to shop in an actual store in a mall than from the same business online? Why or why not?  

No, it is easier to buy online as the person do not need to expend the same time an energy in going and buying from a mall

3. What is your opinion of Jillian’s comparison between entering a credit card number online and handing the card to a clerk who checks it using a telephone line from the store to the credit card company?  

I agree, it is the same as buying online, as the clerk could commit a crime as well as the person that is in the telephone.

Chapter 2 Discussion

4. What do you think of Toni’s idea of downloading music for free? Do you think this is legal? How can Toni be sure that she is engaging in legal and ethical behavior when she uses the freemusic site?

Is a good idea and it depends in the type of page you are browsing. If the internet page has a disclaimer saying that the music that is offering is free to download and is legal there is no unethical behavor in it.

Explanation:

7 0
3 years ago
Which event has the greatest consequences for the child Gail in “Child Waiting”?
dalvyx [7]

Answer:

her parents’ divorce

Explanation:

I just did the quiz

7 0
2 years ago
Read 2 more answers
Who decides what goods and services should be produced and how those goods are to be produced in a command economy? individuals
GenaCL600 [577]

Answer: Government Officials

Explanation: In a command economy, no individuals, business owners & tribal leaders, but the government decides the goods & services for production to be helpful for the country's economy. The government & its officials take a call on -

i. what goods to be produced,

ii. In how much quantity those goods should be produced

iii. at what amount, it will reach the consumers

All productions are controlled & planned by the government, hence it is also called as planned economy.

8 0
3 years ago
Read 2 more answers
A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if inves
WARRIOR [948]

Answer:

. $11.98

Explanation:

D1 = D0(1+g)

D0 = Last dividend

r = Required rate of retrun

g = Growth rate

Stock price formula = D1/(r-g)

Stock price = D0(1+g)/(r-g)

Stock price = 1*(1+0.054) / (0.142-0.054)

Stock price = 1.054 / 0.088

Stock price = 11.97727273

Stock price = $11.98

4 0
2 years ago
Harrison Corporation is studying a project that would have an eight-year life and would require a $300,000 investment in equipme
zheka24 [161]

Answer:

The payback period for this project is closest to 2 years

Explanation:

Initial investment = $300,000

Sales = $500,000

Cash variable expenses = ($200,000)

Contribution margin = 300,000

Fixed cash expenses = $150,000

Depreciation expenses = $37,500

Total Fixed expenses: $150,000 + $37,500 = ($ 187,500 )

Net operating income = $112,500

Annual cash inflows = Net operating income + Depreciation

= $112,500 + $37,500

= $150,000

Payback period = Initial investment ÷ Annual cash inflows

= $300,000 ÷ $150,000 = 2 years

5 0
3 years ago
Other questions:
  • Convert 39/5 to a mixed number written in lowest terms
    5·1 answer
  • One evening while watching TV, your stomach growls. You see an ad for Subway. You walk to the Subway shop and buy a sandwich, wh
    15·1 answer
  • For the past 5 months Kaia's gift shop had these profits or losses: –$120, $85, –$60, –$35, and $40.
    9·2 answers
  • A typing instructor builds a regression model to investigate what factors determine typing speed for students with two months of
    13·1 answer
  • Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportati
    12·1 answer
  • In November 2019, Yammy Fun Inc. purchased advertising for $1,000 that ran in the local November news paper. All purchases and s
    12·1 answer
  • Organizations with low turnover and satisfied employees tend to perform better. On the other side of the coin, organizations hav
    14·1 answer
  • What is constructive criticism? Give an example
    6·1 answer
  • dakota, a manager for a large trucking company, wants to evaluate his truck drivers but is unsure of which type of performance a
    5·1 answer
  • project x has an initial cost of $20,000 and a cash inflow of $25,000 in year 3. project y costs $40,700 and has cash flows of $
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!