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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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Answer:

Either A. or B.

Most likely A. but I'm not 100% sure

3 0
3 years ago
Assume the average annual CPI values for 2015 and 2016 were 207.3 and 215.3, respectively. What was the percent increase in the
mart [117]

Answer:

The correct answer is 3.859 %

Explanation:

Year 2015 = 207.3

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4 0
4 years ago
. A gracious welcome by an employee at the hotel check-in counter is an example of: a. social sustainability. b. predictive anal
lesantik [10]

A moment of truth is exemplified by the cordial greeting given by a staff member at the hotel check-in desk. Hence option D is correct

<h3>What does hotel check-in entail?</h3>

Checking in is the procedure used to register visitors to a hotel. Usually, it happens at the front desk of the hotel. The receptionist verifies the information when the guests are assigned to a hotel room and handed a key or access card. They are brought to their room if they have bags.

At these moments, providing excellent customer service and having kind employee interactions can make an encounter enjoyable otherwise it could damage a customer's trust, which is difficult to mend.

Hence, option D a moment of truth is the correct answer.

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6 0
2 years ago
Accrued salaries owed to employees for October 30 and 31 are not considered in preparing the financial statements for the year e
alexgriva [62]

Answer:

Indication of items erroneously stated on:

A) the income statement for the year

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Therefore, the Net Income will be overstated.

B) the balance sheet as of October 31:

Salaries Expense Payable (current liabilities) will be understated.

Explanation:

When accrued salaries are not accounted for in the financial statements for an accounting period, it means that the revenues generated for that period are not being matched with the expenses incurred in generating the revenues.  Such omission does not agree with the accrual concept and the matching principle of generally accepted accounting principles.  These require that expenses are accrued whether paid for or not, and that expenses are matched to the period's revenue since they are necessarily incurred in generating such revenue.

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Is a 401 K considered an individual retirement account?.
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No, 401(k) can not be considered as an individual retirement account.

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5 0
2 years ago
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