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Pavel [41]
3 years ago
15

This morning, DJ’s invested $238,000 to help fund a company expansion project planned for three years from now. How much additio

nal money will the firm have three years from now if it can earn 4 percent rather than 3.5 percent on its savings?
Business
1 answer:
rusak2 [61]3 years ago
5 0

Answer:

$3,842.78

Explanation:

We must determine the future value of the money invested and then calculate the difference between both return rates. We can use the future value formula: FV = present value x (1 + return rate)ⁿ

3.5% ⇒ FV = $238,000 x (1 + 3.5%)³ = $238,000 x 1.035³ = $263,874.85

4% ⇒ FV = $238,000 x (1 + 4%)³ = $238,000 x 1.04³ = $267,717.63

difference = $267,717.63 - 263,874.85 = $3,842.78

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Application Form:

It is such a form that is required by the employer in which the personal contact information, qualification and work experience are asked from the employee.

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67. A provision in a whole life policy that allows a policy owner to terminate the policy in return for a reduced paid-up policy
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nonforfeiture provision.

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2 years ago
_______ is a system for gathering information from respondents by continuously monitoring the advertising, promotion, and pricin
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Scanner-based research is a system for gathering information from a single group of respondents by continuously monitoring the advertising, promotion, and pricing they re exposed to and the things they buy.

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1 year ago
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Answer:

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A Competitive and open Market ensures that people have enough incentives to invest in the development of factors of production because it rewards that investment with a healthy return. In a Competitive market, unfair competition will not be present therefore people will get equal opportunities to make returns.

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