1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anton [14]
3 years ago
11

Imagine Fry knew in advance that he would be frozen for 1000 years and wanted to have $9,999,999,999 when he thaws out. How much

would Fry need to deposit in his account paying 2% APR compounded quarterly before falling into the cryogenic freezer
Business
1 answer:
Over [174]3 years ago
6 0

Answer:

$21.66

Explanation:

We are to find the present value of $9,999,999,999.

The formula to be used is :

P = FV (1 + r/m) ^-mn

FV = Future value

P = Present value

R = interest rate

N = number of years

M = number of compounding

= $9,999,999,999 ( 1 + 0.02 / 4 ) ^-4000 = $21.66

I hope my answer helps you

You might be interested in
Jaklyn loves her job, admires her boss, and believes in the goals and vision of the company she works for. She can't imagine loo
kati45 [8]

Answer:

C) a high level of organizational commitment.

Explanation:

Since Jacklyn loves her job, admires her boss, believes in goals and vision of company. Also, she can't imagine looking for or finding a better job. Jacklyn likely demonstrates a high level of organizational commitment.

Hence, she's not ready to bear the cost or difficulty associated with leaving or finding another job and thus desires to remain at her present company.

4 0
3 years ago
A portfolio is invested 16 percent in Stock G, 56 percent in Stock J, and 28 percent in Stock K. The expected returns on these s
3241004551 [841]

Answer:

16.16%

Explanation:

The formula to compute the expected rate of return is shown below: -

Expected rate of return = (Weightage of Stock G × Expected Returns G) + (Weightage of Stock J × Expected Returns J) + (Weightage of Stock K × Expected Returns K)

= (16% × 10%) + (56% × 16%) + (28% × 20%)

= (0.16 × 0.1) + (0.56 × 0.16) + (0.28 × 0.20)

= 0.016 + 0.0896 + 0.056

= 0.1616

= 16.16%

4 0
3 years ago
A defense contractor has been able to summarize its total annual fixed costs as $100,000 and the total variable cost per unit of
Zielflug [23.3K]

Answer: $66.25

Explanation:

What should the per unit selling price be to make a 25% profit this year?

First, we'll calculate the total cost which will be:

= $100,000 + $5000(33)

= $100,000 + $165,000

= $265000

%profit = 100(revenue - cost)/ cost

25% = 100(revenue - 265000)/265000

Therefore, revenue will be:

265000(1 + 25%) = 331250

265000(1.25) = 331250

Revenue = $331250

Selling price per unit will be:

= $331250/5000

= $66.25/unit

7 0
3 years ago
​Noah's sporting goods is having difficulty attaining the credit it needs to expand. what should the company do in order to alle
mr_godi [17]
Do advertising in sport magazine?
4 0
3 years ago
Slide Corporation reported net income for the current year of $370,000 and paid cash dividends of $50,000. Power Company holds 4
expeople1 [14]

Answer:

$20,000

Explanation:

Since Slide Company does not have any controlling interest which is ability to influence the decision making.

In Power Company, it should recognize the amount of below as dividend income in the current year,

50,000 * 40% = $20,000  

7 0
3 years ago
Other questions:
  • The Sherman Antitrust Act (1890)
    5·1 answer
  • Enables a manager to make decisions, give orders, and utilize resources. for example, the manager of a local pizzeria has the ri
    8·1 answer
  • Apple, the consumer electronics giant, on tuesday rolled out new versions of its popular ipod music player. ceo steve jobs also
    6·1 answer
  • It is Juan's 26th birthday and on his 26th birthday, he deposited $7,000 in a retirement account. Each year thereafter, he depos
    6·1 answer
  • Wyatt Co. has a probable loss that can only be reasonably estimated within a range of outcomes. No single amount within the rang
    10·1 answer
  • Which of the following statements is true of activity−based ​costing?
    6·1 answer
  • Consider the three theories of the upward slope of the short-run aggregate-supply curve. a. According to the sticky-wage theory,
    7·1 answer
  • 13. You have started your first job today, and you want to buy a house within 3 years. You are currently saving for the down pay
    15·1 answer
  • An increase in the current account deficit will place ____ pressure on the home currency value, other things equal.
    14·1 answer
  • In actual practice, managers most frequently use which two types of investment criteria?.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!