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LenKa [72]
3 years ago
15

Jenna would like to purchase a new car in three years. If she saves $1000 per year in an account that pays 8% annual interest fo

r the next 3 years, how much will she have saved for a down payment? (Round the final answer to the nearest dollar.) Values for i = 8%, n = 3
Present value of an ordinary annuity of $1 2.577
Present value of $1: .772
Future value of an ordinary annuity of $1 3.246
Future value of $1:

a. $ 1.260
b. $ 3246
c. $ 3772
d. $ 3577
e. $ 2577
Business
1 answer:
Nady [450]3 years ago
3 0

Answer:

FV = A(<u>(1 + r)</u>n - 1)

                r

FV = 1,000(<u>(1+ 0.08</u>)3 - 1

                     0.08

FV = 1,000 x 3.2464

FV = $3,246.40

The correct answer is B

Explanation:

In this case, there is need to calculate the future value of an ordinary annuity for 3 years at 8% interest rate.

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m_a_m_a [10]

Answer:

impose a tax on Oscar's production of processed meat because the market quantity is greater than the socially optimal quantity.

Explanation:

Externalities are the impact that a business's activity has on its surrounding environment.

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The case in the give scenario is a negative externality where the meat processing plant that emits unpleasant odors that waft across the city.

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3 0
3 years ago
When computing the weighted average cost of capital, which of these are adjusted for taxes? a. cost of debt b. both the cost of
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Answer:

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Explanation:

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6 0
4 years ago
What is estimated tax?
IrinaK [193]
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7 0
3 years ago
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Lubov Fominskaja [6]

Answer:

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Explanation:

6 0
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