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
andrezito [222]
3 years ago
13

Given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,600, $1,800, $1,

800, and $2,100. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Business
1 answer:
Bess [88]3 years ago
4 0

Answer:

$8,348.51

Explanation:

Computation of the year 6 future value of deposits

6 years Future value = $1,600 × (1 + 0.04)^5+ $1,800 × (1 + 0.04)^4+ $1,800 × (1 + 0.04)^3+ $2,100 × (1 + 0.04)^2

6 years Future value= $1,946.64 + $2,105.75 + $2,024.76 + $2,271.36

6 years Future value= $8,348.51

Therefore the year 6 future value of deposits will be $8,348.51

You might be interested in
Badger corp. declared a stock dividend to all shareholders of record on march 25 of this year. shareholders will receive one sha
Maru [420]
<span>Answer to part a of this question is "The stock dividend is not taxable because it is pro rata to all the shareholders."

</span>Answer to 2nd question is "The new stock is allocated part of the tax basis of the old stock based on relative fair market value.
After the stock dividend, Madison will own 1,100 shares of Badger stock (1,000 + 1,000/10), each with the same fair market value.
Her basis in each <span>share of stock will be $91, computed as (1,000 shares x $100 basis) / 1,100."</span>
3 0
3 years ago
Read 2 more answers
Which of the following best illustrates deciding how to produce a specific product?
xz_007 [3.2K]
A. Should we make a bunch of cheaper jeans or one really exclusive pair?
4 0
3 years ago
K Company estimates that overhead costs for the next year will be $3,600,000 for indirect labor and $950,000 for factory utiliti
Savatey [412]

Answer:

$43.75 per direct labor Hour

Explanation:

Overhead rate is the rate of allocation of overheads based on an activity. In this question direct labor is used as an activity. Total overhead of a plant also includes the utilities of the plant.

Total Overhead of plant = $3,600,000 + $950,000 = $4,550,000

Direct labor hours = 104,000 hours

We can calculate the overhead rate after dividing total overhead with total direct labor hours.

Plant-wide overhead rate = $4.550,000 / 104,000 = $43.75 per direct labor Hour

6 0
3 years ago
Many observers believe that the levels of pollution in our society are too high. True or False: If society wishes to reduce over
guajiro [1.7K]

Answer:

First question: the given statement is false.

Second question: options a and c are correct.

Explanation:

If a society whishes to reduce overall pollution by a certain amount, then it is efficient when different firms reduce pollution by different amounts. This is because the cost of reducing pollution differs across the firms.

------

The CAC policy is inefficient because they rely on mandated uniform reductions. A firm will not reduce emissions more than the mandated amount because there is no incentive to do so. Since, the reductions are uniform, it is not able to target the firms that require bigger reductions.

4 0
3 years ago
A model for enabling on-demand access to compute resources such as networking, analysis, storage and compute is called.
SIZIF [17.4K]

Cloud computing is the model for enabling on-demand access to compete resources such as networking, analysis, storage and compute.

Instead of  storing files on a proprietary hard drive or local storage device, cloud-based (computing) storage makes it possible to save them to a remote database. As long as an electronic device has access to the web, it definitely has access to the data and the software programs to run it.

Cloud computing has become so popular these days for many businesses and individuals because of these reasons;

Its highly secure, cost saving, increased productivity, increased speed, increased performance and efficiency.  

There are also some disadvantages of cloud computing and they include ; When it comes to sensitive data, security may seem to be a threat to this type of storage in a way that if the encryption key gets lost, data also disappears.

For more information about cloud computing refer here;  

brainly.com/question/28391660

#SPJ4

5 0
2 years ago
Other questions:
  • _________ payments are known as lump sums. We can solve for the future value or the present value of a lump sum as we discuss be
    6·1 answer
  • Laurel Enterprises expects earnings next year of ​$3.68 per share and has a 30 % retention​ rate, which it plans to keep constan
    6·1 answer
  • When economist use the term laissez-faire what economic idea are they referring to
    15·1 answer
  • An economic system describes how and why resources are transformed into GOODS and SERVICE to satisfy human consumption needs. We
    9·1 answer
  • A market maker who acts as a dealer in one or more securities on the floor of the nyse is called a:
    11·1 answer
  • II. In order to establish a p-chart with 3-sigma control limits, you have collected the following 10 samples of size 300.
    13·1 answer
  • According to the textbook, Nucor in steel, JetBlue in airlines, and Cirque du Soleil in circuses are examples of entrepreneurial
    5·2 answers
  • How you will gather and formulate your data
    6·1 answer
  • What is the first step in the standard purchasing process practiced by most companies
    8·2 answers
  • 4) Identify five main advantages of outsourcing.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!