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Fiesta28 [93]
3 years ago
3

To save for her newborn son ’s college education, Lea Wilson will invest $1,000 at the end of each year for the next 20 years. T

he interest rate is 10%. What is the future value?
Business
1 answer:
nirvana33 [79]3 years ago
3 0

Answer:

$63002.50

Explanation:

The future value of an annuity is how much a stream of A dollars invested each year at 'i' interest rate will be worth in 'n' years.

The formula is FV = A {[(1 + i)ⁿ - 1] / i} (1 + i).

FV = Future Value = ?

A = A dollars invested each year = $1000

i = Interest Rate = 10%

n = Number of years = 20

FV = 1000 {[(1 + .1)²⁰ - 1] / 0.1} (1 + 0.1)

FV = 1000 {[(1.1)²⁰ - 1] / 0.1} (1.1)

FV = 1000 {[6.727490 - 1] / 0.1} (1.1)

FV = 1000 {[5.727490] / 0.1} (1.1)

FV = 1000 {57.274999} (1.1)

FV = 57274.90 (1.1)

FV = 63002.50

FV = $63003

After 20 years Lea Wilson will get $63003 at 10% interest rate when invested $1000 annually.

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Answer:

Net Income (Loss) = $440,000

Explanation:

Total Fixed Cost = $460000

Total Variable Cost =  $11 * 100,000 unit =  $1100000

Total Revenue = $20 * 100,ooo unit = $2000000

Contribution Margin =  TR- TVC = ($200,000 - $1,100,000)  = -$900,000

Net Income = Contribution margin - Total Fixed cost

Net Income (Loss) = $900,000 - $460,000

= $440,000

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In a free-market system, producers are most strongly driven by which of the
Molodets [167]

Answer:

The correct answer is (B)

Explanation:

Producers are influenced by the benefits and profits they hope to pick up from the products or administrations in a free market economy. The idea of producers is to create goods and services and sell them at maximum profits because they feel consumer will buy their products because they need them. A profit motive is generally beneficial to the overall economy of the country. It is expected to give a motivating force to create productivity and development.

3 0
3 years ago
Simkin Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:
Anettt [7]

Answer:

0.34

Explanation:

Calculation to determine what The manufacturing cycle efficiency (MCE) was closest to:

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Let plug in the formula

Throughput time=6.1+1.5+4.1+6.2

Throughput time=17.9

Now let calculate the MEC using this formula

MEC = process time / throughput time

Let plug in the formula

MEC=6.1/17.9

MEC =0.34

Therefore The manufacturing cycle efficiency (MCE) was closest to:0.34

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