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
PilotLPTM [1.2K]
3 years ago
14

suppose you invest $2250 in a CD that earns 3% APR and is compound quarterly. the cd matures in 2 years. how much will this cd b

e worth at maturity
Business
1 answer:
Oksi-84 [34.3K]3 years ago
8 0

Pn = P0(1+r)∧n

Pnis future value of P0

P0 is original amount invested

r is the rate of interest

n is the number of compounding periods (years, months, etc.)

P(n) = 2250(1+(.03/4)∧8

** since the interest is compounding quarterly, you need to divide the rate by 4, the number of quarters in a year.

Then you would do the math.

You might be interested in
Home Works Referral Network is a premier home service referral network of dependable, highly skilled home improvement profession
Hatshy [7]

Answer:

The correct answer is D. code of ethics.

Explanation:

A code of ethics serves to regulate the actions of a professional, to protect organizations and their members; In this way, the behavior standards of people within a company or organization are established. In this case, the domicile company requires a code of ethics so that the personnel do not disclose company information, honestly carry out the work, take responsibility for the obligations assigned to them during their professional activity.

4 0
3 years ago
You want to buy an Audi A8 7 years from now. You have priced these cars and found that they currently sell for $83,800. You beli
lana [24]

Answer:

We to invest <em> $ 17,213 per year to buy the car in  seven years from now</em>

Explanation:

<u><em>First, we solve for the future value of the car:</em></u>

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

Principal 83,800.00

time 7.00

rate 0.10000

83800 \: (1+ 0.1)^{7} = Amount

Amount 163,302.49

<u><em>Then, for the PTM to achieve tham amount in 7 years:</em></u>

FV \div \frac{(1+r)^{time} -1}{rate} = C\\

FV 163,302

time 7

rate 0.1

163302.49298 \div \frac{(1+0.1)^{7} -1 }{0.1} = C\\

<em>C  $ 17,212.981 </em>

8 0
3 years ago
The balance sheet of Innovative Products reports total assets of $570,000 and $770,000 at the beginning and end of the year, res
Makovka662 [10]

Answer:

$201,000

Explanation:

The computation of net cash flows from operating activities is shown below:-

Beginning Total Assets            $570,000

Ending total assets                   $770,000

Average Total Assets in use    $670,000

($570,000 + $770,000) ÷ 2

Cash return on Asset                    30%

Cash Flow from operating activities  

Average Assets × 25%               $201,000

($670,000 × 25%)

Therefore the Cash Flow from operating activities is $201,000

6 0
3 years ago
Which option best describes the word ethical?
weeeeeb [17]

What are the options, sir?

Ethical usually means what is right, or morally right. For example, killing someone isn't ethical, but helping an elderly person up from falling would be the ethical thing to do.

7 0
3 years ago
Levi Strauss has some of its jean stone-washed under a contract with independent U.S. Garment Corp. If U.S. Garment's operating
Damm [24]

Answer:

C  $ 57,282.803

Explanation:

We solve for a growing annuity at arithmetic increases of 5,000

(a_1+\frac{d}{r} +d \times n) \times \frac{1-(1+r)^{-time} }{rate} - \frac{d \times n}{r}

a1 = 30,000

d = 5,000

r = 0.10

time = n = 10

(30,000+\frac{5,000}{0.1} +5,000 \times 10) \times \frac{1-(1+0.1)^{-10}}{0.10} - \frac{5,000 \times 10}{0.10}

PV $298,793.72

Now, we calculate the installment of this which is the equivalent uniform annual cost

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 298,793.72

time 10

rate 0.14

298793.723741609 \div \frac{1-(1+0.14)^{-10} }{0.14} = C\\

C  $ 57,282.803

5 0
3 years ago
Other questions:
  • From the list, select reasons people get insurance.
    6·1 answer
  • For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP
    8·1 answer
  • After graduation in 2 years, Antwone would like to take a much needed vacation to the Caribbean Islands. He anticipates that the
    10·1 answer
  • Edmond, the CEO of Hartman Manufacturing, said to his new vice president of accounting, "In the past I had resistance to new ide
    9·1 answer
  • Robert G. Flanders Jr., the state-appointed receiver for Central Falls, RI, said his city's declaration of bankruptcy had proved
    8·1 answer
  • "which expenses would most likely be classified as prepaid expenses (asset) rather than accrued expenses (liability)?"
    7·2 answers
  • On October 10, Joleen Vora applied for a $50,000 life insurance policy with Magnum Life Insurance Co. She named her husband, Jay
    15·1 answer
  • If the inverse demand curve P = 180 – Q and the marginal cost is constant at ​$20​, how does charging the monopoly a specific ta
    6·1 answer
  • Alex and J.J. Both apply for two job openings in the same department at a law firm in Chicago. They both interview very well and
    15·1 answer
  • PLEASE HELP ASAP ITS A TEST
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!