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Virty [35]
4 years ago
14

Your bank offers a savings account that pays 3.5% interest, compounded annually. How much will $500 invested today be worth at t

he end of 25 years?a. $1,122.54b. $1,181.62c. $1,240.70d. $1,302.74e. $1,367.88
Business
1 answer:
Maksim231197 [3]4 years ago
6 0

Answer:

FV= $1,181.62

Explanation:

Giving the following information:

Your bank offers a savings account that pays 3.5% interest, compounded annually. How much will $500 invested today be worth at the end of 25 years?

We need to use the following formula:

FV= PV*(1+i)^n

FV= 500*(1+0.035)^25

FV= $1,181.62

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However, a potential benefit of changing the packaging is attracting new customers who would have otherwise overlooked the product. Making the packaging new and exciting might entice new people to become buyers.

A good way to test this would be with focus groups, which are groups of people who you ask to pretend to be the customer and give you feedback on the idea. Focus groups are a good way to learn the good and bad perceptions about a change before it is put into effect.

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4 years ago
Toyota will bring hybrid electric automobiles to market next year priced at ​$27 comma 000 ​(this includes a ​$6 comma 750 feder
artcher [175]

Answer:

4.15%

Explanation:

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5 0
3 years ago
Cellphones are one form of communication technology, give any other form​
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Answer:

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3 years ago
Read 2 more answers
The five new production assistants at Hollywood Studios will attend an orientation meeting on their first day. During orientatio
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Answer: Corporate

Explanation:

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3 years ago
Suppose you know a company's stock currently sells for $64 per share and the required return on the stock is 0.12. You also know
jasenka [17]

Answer:

$3.62

Explanation:

Dividend Yield = 0.12/2

Dividend Yield = 0.06

==> (Dividend in One Year)/Current Price= .045

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D0 (Current Dividend) = D1/(1+Dividend Yield)

D0 (Current Dividend) = $3.84/(1.06)

D0 (Current Dividend) = 3.622641509433962

D0 (Current Dividend) = $3.62

6 0
3 years ago
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