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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

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The price leardership model of oligopoly

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3 years ago
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8 0
2 years ago
Which one of the following terms is defined as a loan wherein the regular payments, including both interest and principal amount
Harrizon [31]

Answer:

C. Balloon loan

Explanation:

Balloon loans are loans that can not fully amortize over its term. They are loans that are paid of with a large single final payments. A lump sum amount. It involves the borrower paying back a lower monthly percentage in exchange for paying a large one time payments at the end of the loan term. Either fixed or flexible interest rate structure can be used on it. Ballon loans are usually reserved for conditions when a business has to wait until a specific period before receiving payment from a client for its product or services.

4 0
3 years ago
Read 2 more answers
Susan threw away in the garbage an old chair that had been in her family for many years by placing it on the curb with the rest
rewona [7]

Answer:

It belongs to Alma because Susan abandoned it and Alma took possession of it

Explanation:

By common law, Alma is a person who has found an abandoned property and she may claim it. To do this, she has to take some definite steps to show her claim. Alma can claim this abandoned piece of chair by taking it into her house, or by placing a sign on it to show that she now owns it.

If Susan was to take this to court, the court would determine the kind of item and where it was found to determine if Alma has a right to it. But since it was found in a dump site she now has the right to it.

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3 years ago
What is ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
Delicious77 [7]

Ivan's marginal benefit if he decides to stay open for six hours instead of five hours is $20. The marginal benefit can be solved by subtracting the total revenue of the equivalent hours.

$550 (6 hours) - $530 (5 hours) = $20  

4 0
3 years ago
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